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4 Sep 2009, 4:45 pm
The Court held that the Hyatt was entitled to a deduction under s.267.8(1) and was also entitled to benefit of the trust and assignment benefits contained in ss.267.8(9), (10) and (12). [read post]
However, post DRA, the 10 month penalty period does not begin until (1) the Medicaid applicant resides in a nursing home, (2) has “spent down” assets under $2,500 for Medicaid eligibility, (3) has applied an application for Medicaid, and (4) has been approved for Medicaid, “but for” the Gift. [read post]
6 Jan 2016, 8:38 pm by Stephen Bilkis
On September 1, 2006, the testator signed the final version of the trust. [read post]
19 Sep 2015, 7:56 pm by Stephen Bilkis
" That does not mean, however, that the court must grant the petition to convert to unitrust, even in the absence of rebuttal evidence. [read post]
5 Oct 2011, 3:35 am by INFORRM
In the same year, his son James, giving the MacTaggart Lecture at the Edinburgh Television Festival, argued that: ‘Great journalism does not get enough credit in our society, but it holds the powerful to account and plays a vital part in a functioning democracy’ By this token, of course, British newspapers should have spent the past few decades ‘exposing’, ‘holding to account’ and ‘standing up to’ the Murdoch empire, since it is one of the… [read post]
1 Sep 2010, 12:52 pm by Patrick
The fair market value of the entire company, sold as a unit, is still $10 million, but the value of the parts does not add up to $10 million! [read post]
8 Apr 2013, 4:37 pm by Juan Antunez
The apparent intent behind the adoption was a ploy to qualify the girlfriend for a 1/3 share of a $300 million trust otherwise benefiting Mr. [read post]
20 Jan 2008, 5:21 pm
Jan 10, 2008) The linked-to Florida Supreme Court opinion is the latest chapter in a bankruptcy proceeding that's been ongoing since 2001, has been the subject of numerous appeals in the federal-court system, and single-handedly resulted in a 2004 amendment to F.S. 689.07(1), which governs conveyances of real property to trusts. [read post]
18 Mar 2010, 7:57 am by Greg Herman-Giddens
Effective Date The proposal applies to transfers made after the date of enactment. 163 Sec. 2036. 147 See sec. 2702. 148 See secs. 671-679. 149 Sec. 2702(a)(1). 150 Sec. 2702(a)(2)(A). 151 The special valuation rule does not apply in certain excepted situations, including: (1) where the transfer is not a completed gift; and (2) transfers to certain personal residence trusts. [read post]
16 Jul 2015, 4:32 am by David DePaolo
There's even less trust in California. [read post]