LexisNexis® Legal Newsroom
Alice Magdziak
New Michigan Trust Code Becomes Effective April 1, 2010

Michigan ’s Governor Granholm signed Public Acts 2009, Number 46 , the new Michigan Trust Code (MTC), into law on June 18, 2009. The MTC replaces Article VII of the Estates and Protected Individuals Code (EPIC) and becomes effective April 1, 2010...

Sonja K. Johnson, Esq.
Multitasking Property: Funding a GRAT with Property that also Serves as Loan Collateral

Introduction Many estate planning practitioners recommend the use of grantor retained annuity trusts (“GRATs”) as a tool through which individuals may reduce the ultimate estate tax liability of their estates. Property transferred to a GRAT...

Elaine Hightower Gagliardi
A Divided Tax Court Chooses to Recognize a Single Member LLC for Purposes of the Federal Gift Tax

In Pierre v. Commissioner , 133 T.C. No. 2 (2009) , the Tax Court, in a divided opinion, rejected the government’s argument that transfer of interests in a single member limited liability company (LLC) should be treated as a transfer of the underlying...

Rebecca J. Benson
Benson on Guardianship Reform under Article V of the Massachusetts Uniform Probate Code

Massachusetts ' first systematic modernization of guardianship law and procedure took effect on July 1, 2009. Article V of the new Massachusetts Uniform Probate Code (UPC) Acts 521, codified as G.L. c. 190B (ALM GL c 190B §§ 1-101 et seq...

Hon. C. Raymond Radigan
Surrogate’s Court Jurisdiction

Initially, the Surrogate’s Court was a creature of the Legislature but the people of the State of New York made the Surrogate’s Court a constitutional court granting it jurisdiction over all actions and proceedings relating to the affairs...

Dean Hanewinckel
How Will You Want To Be Remembered?

Many of us have, at times in our lives, struggled to achieve success and find meaning to our existence. For some of us, that struggle continued for years while we learned through trial and error lessons that shaped our outlook and made us the persons...