Estate and Elder Law

Recent Posts

Troutman Sanders LLP: The Next Frontier in Fiduciary Oversight Litigation?
Posted on 10 May 2012 by Troutman Sanders

By Jonathan A. Kenter and Gail H. Cutler In the latest of a series of high-profile class action suits against large 401(k) plans, ABB, Inc., a North Carolina power generation products manufacturer, and its 401(k) plan committees, were held jointly and... Read More

Troutman Sanders LLP: Virginia Trust Law to Help Protect Assets from Creditors While Still Enjoying the Assets Takes Effect on July 1, 2012
Posted on 9 Jul 2012 by Troutman Sanders

By David N. Anthony , Melissa Roberts Tannery and Tania S. Sebastian Beginning July 1, 2012, Virginia will allow its residents to create qualified self-settled spendthrift trusts and achieve some protection from creditors. Va. Code Ann. §§... Read More

Troutman Sanders LLP: Last Chance - Estate Tax Saving Opportunity May Expire At Year End
Posted on 31 Oct 2012 by Troutman Sanders

By Carol F. Burger , David F. Golden , Molly F. James and Tania S. Sebastian For approximately the next two months, we have estate, gift and generation skipping transfer (GST) tax exemptions of $5.12 million, a maximum gift and tax rate of 35%, and... Read More

Troutman Sanders LLP: The Administration’s FY 2013 Estate and Gift Tax Proposals
Posted on 28 Feb 2012 by Troutman Sanders

By Carol F. Burger , David F. Golden , Molly F. James and Michael D. Erickson Last week, the President released his proposed budget for the upcoming fiscal year. On the same day, the Treasury released its explanation of the President's budget, which... Read More

Troutman Sanders LLP: New Virginia Law Authorizes Trust Decanting, Allowing A Trustee To Change Some Provisions of An Irrevocable Trust
Posted on 11 Jul 2012 by Troutman Sanders

By Carol F. Burger , Molly F. James , Melissa Roberts Tannery and Tania S. Sebastian Effective July 1, 2012, Virginia has a new law which permits the trustee to change some provisions of an irrevocable trust by appointing or decanting income and/or... Read More

Troutman Sanders LLP: Virginia Will Become Friendlier to Trustees on July 1, 2012
Posted on 29 Jun 2012 by Troutman Sanders

By David N. Anthony , Melissa Roberts Tannery and Tania S. Sebastian A change in Virginia law effective July 1, 2012, will limit trustee liability with respect to directed trusts, which is good news for corporate and individual trustees alike. The amendment... Read More

Troutman Sanders LLP: Virginia Will Become Friendlier to Trustees on July 1, 2012
Posted on 29 Jun 2012 by Troutman Sanders

By David N. Anthony , Melissa Roberts Tannery and Tania S. Sebastian A change in Virginia law effective July 1, 2012, will limit trustee liability with respect to directed trusts, which is good news for corporate and individual trustees alike. The... Read More

Troutman Sanders LLP: Virginia Trust Law to Help Protect Assets from Creditors While Still Enjoying the Assets Takes Effect on July 1, 2012
Posted on 9 Jul 2012 by Troutman Sanders

By David N. Anthony , Melissa Roberts Tannery and Tania S. Sebastian Beginning July 1, 2012, Virginia will allow its residents to create qualified self-settled spendthrift trusts and achieve some protection from creditors. Va. Code Ann. §§... Read More

Troutman Sanders LLP: The Next Frontier in Fiduciary Oversight Litigation?
Posted on 10 May 2012 by Troutman Sanders

By Jonathan A. Kenter and Gail H. Cutler In the latest of a series of high-profile class action suits against large 401(k) plans, ABB, Inc., a North Carolina power generation products manufacturer, and its 401(k) plan committees, were held jointly... Read More

Troutman Sanders LLP: New Virginia Law Authorizes Trust Decanting, Allowing A Trustee To Change Some Provisions of An Irrevocable Trust
Posted on 11 Jul 2012 by Troutman Sanders

By Carol F. Burger , Molly F. James , Melissa Roberts Tannery and Tania S. Sebastian Effective July 1, 2012, Virginia has a new law which permits the trustee to change some provisions of an irrevocable trust by appointing or decanting income and/or... Read More

Troutman Sanders LLP: The Administration’s FY 2013 Estate and Gift Tax Proposals
Posted on 28 Feb 2012 by Troutman Sanders

By Carol F. Burger , David F. Golden , Molly F. James and Michael D. Erickson Last week, the President released his proposed budget for the upcoming fiscal year. On the same day, the Treasury released its explanation of the President's budget,... Read More