Posted Friday, November 29, 2013 by John S. Palmer
On November 7, a bill was introduced in the U.S. Senate that would allow disabled individuals to establish their own Special Needs Trusts. The bill is identical to one introduced in the House last June. Assets in a Special Needs Trust are disregarded… More >
Posted Friday, November 29, 2013 by John S. Palmer
Undue influence involves “unfair persuasion that seriously impairs the free and competent exercise of judgment.” A party asserting undue influence has the burden of proving it by clear and convincing evidence. Earlier this month, the Washington… More >
Posted Friday, November 15, 2013 by John S. Palmer
Here is a summary of the changes to Washington’s estate tax as well as to federal gift, estate and income taxes that will take effect next year. Federal Tax Changes The IRS has just announced the adjustments to be made to various tax code provisions in… More >
Posted Friday, November 8, 2013 by John S. Palmer
Trusts established for legitimate estate planning purposes can protect trust assets from debts incurred by the grantor or beneficiaries. However, trusts established for the sole purpose of sheltering assets from known creditors of the grantor can… More >
Posted Saturday, October 12, 2013 by John S. Palmer
There are a couple of common ways to ensure that the trustee of a Special Needs Trust manages trust assets properly and uses them for their intended purpose. While this is an issue common to most trusts, it is of particular concern with a Special Needs… More >