By Danielle T.
Zaragoza, Esq ., Morrison & Foerster LLP
The basic concept of a unitrust is
that a fixed percentage of the fair market value of a trust's assets,
redetermined each year, is paid out to the "income" beneficiary, regardless of
the availability of income to fund the payment...
Glucoft,* Morrison & Foerster LLP
In the administration of an irrevocable
trust, situations can arise that were beyond the anticipation of the
trustor. Therefore a trustee may want to
"decant" a trust by transferring funds from one trust to another with
By Genevieve M. Moore , Morrison & Foerster LLP
As the year winds down, many of our
clients are taking advantage of the unprecedented opportunity to make gifts of
up to $5,120,000, per donor, free of any federal gift tax. Since the federal generation-skipping
transfer tax (GST) exemption is...