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Settlor's Intent
Effectuating a settlor’s intent is supposed to be a primary guiding principle of trust law. For centuries, courts have stated that their primary purpose in a trust case is to give effect to the “settlor’s
NEW BUSINESS REPORTING REQUIRMENT
MANDATORY NEW BUSINESS COMPLIANCE REPORTING In 2021, the Corporate Transparency Act (“CTA”) was enacted. The CTA created new requirements for certain entities to report to the
Connelly v. United States
CONNELLY v INTERNAL REVENUE SERVICE Michael and Thomas Connelly were the sole shareholders in Crown C Supply, a small building supply corporation. The brothers entered into an agreement to ensure that Crown
Estate Tax Reduction Looming
ESTATE TAX REDUCTION LOOMING ($13.6 Million back to about $6 Million in 2026) As of January 1, 2026, the current lifetime estate and gift tax exemptions will sunset and revert back to
Corporate Transparency Act Reporting
Action Required: Corporate Transparency Act Reporting Is Here Original link can be found at the American Bar Association here: http://tinyurl.com/wxw43d8s The Anti-Money Laundering Act of 2020, which is part
Trust Termination Statute
Ohio Revised CodeSection 5801.22 Termination of irrevocable trust as a result of trust-terminating distributions.Effective: April 3, 2023Legislation: Senate Bill 202 - 134th General Assembly(A) When a trust is to
Gehrke v. Senkiw - Incorporation by Reference
Gehrke v. Senkiw Court of Appeals of Ohio, Second Appellate District, Montgomery CountyApril 22, 2016, RenderedAppellate Case No. 26829 Summary This court held that the validity of a revocable trust that the