Fundamentals of Trust Accounting Income and Principal Rules Under the Revised New York State Laws

Fundamentals of Trust Accounting Income and Principal Rules Under the Revised New York State Laws
Author: Seymour Goldberg
Publisher:
Total Pages: 0
Release: 2014
Genre: Business & Economics
ISBN: 9781627224567

"In New York State alone there are well over 10,000 attorneys that are involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation and elder law planning, but very few local bar associations in New York State have any material on this particular subject area ... until now. Many New York attorneys need a manual on the trust accounting income and principal rules from a practical application standpoint. This is especially true today because many attorneys draft trust documents. An attorney involved in drafting trusts in New York State has to be aware of the trust accounting rules that are applicable to a trust that is subject to New York State trust laws. This knowledge is especially important if he or she acts as trust counsel to the trust that he or she created. In addition, many trustees submit trust accountings to the trust beneficiaries. The failure of the attorney to know the trust accounting rules for the trust he or she created could result in headaches and liability issues for the attorney. Many practitioners in New York State may not realize that the New York trust laws regarding accounting income and principal have been completely revamped. The initial effective date of the revised laws was January 1, 2002 and is retroactive to all trusts that were in existence on that date and/or any date thereafter. Significant changes to these rules were made in August 2008 as well. The revamped New York State trust laws have three elements: the Uniform Principal and Income Act (UPAIA), the power to adjust (PTA) and the unitrust conversion. Any practitioner who is involved in trust drafting or trust litigation, or who prepares fiduciary income tax returns or trust accountings, must become aware of these revised trust rules in order to avoid potential malpractice and/or ethics issues"--Unedited summary from book cover.

Foundations and Government

Foundations and Government
Author: Marion R. Fremont-Smith
Publisher: Russell Sage Foundation
Total Pages: 567
Release: 1965-12-14
Genre: Social Science
ISBN: 1610442229

Concentrates on the historical, statutory, judicial, and administrative aspects of philanthropic foundations. It begins with a general survey of the rise of foundations, particularly as a legal concept, and examines existing provisions for state registration and supervision, with special atention to the role of the attorney general. There are field reports on ten states with programs aimed at following charitable activities closely. The concluding chapter provides appraisals and recommendations, and appendices include state legal requirements for charitable trusts and corporations, selected state acts, rules, reporting forms, and a list of cases.

Inherited IRAs

Inherited IRAs
Author: Seymour Goldberg
Publisher:
Total Pages: 192
Release: 2017-08-01
Genre: Business & Economics
ISBN: 9781634257350

This is new edition of Inherited IRAs updates the content to instruct and inform lawyers representing estates on how best to handle the laws and compliance issues surrounding their clients' investments.

The New York Supplement

The New York Supplement
Author:
Publisher:
Total Pages: 1062
Release: 1923
Genre: Law reports, digests, etc
ISBN:

"Cases argued and determined in the Court of Appeals, Supreme and lower courts of record of New York State, with key number annotations." (varies)

The Law of Trusts

The Law of Trusts
Author: Browne C. Lewis
Publisher: Createspace Independent Publishing Platform
Total Pages: 396
Release: 2015-07-25
Genre:
ISBN: 9781515224303

The use of testamentary trusts is becoming an important part of estate planning. As a result, students who want to make a living as probate attorneys will need to know how trusts fit into estate planning. In addition, bar examiners realize that it is important for students to have a basic knowledge of trust law. That realization will result in bar examination questions that test that knowledge. This book is designed for use as a supplementary text for a course on wills and trusts and the primary text in a seminar or course exploring the law of trusts.