Worldwide: Trusts

Michael Clear and Kenley Stark explore the intricate legal, financial, and logistical challenges that art collectors encounter throughout the entire lifecycle of ownership. From acquisition documentation and title verification to insurance, storage, and eventual transfer, they reveal the sophisticated planning required to protect both the artwork and the collector's investment.

New York State has enacted a controversial annual surcharge on high-value residential properties in New York City that do not serve as primary residences, targeting owners of second homes...

Max Schneberger discusses how recent changes from the One Big Beautiful Bill Act (OBBBA) have created expanded trust planning opportunities for individuals and families in the July issue of Lake Country Living.

Ultra-high-net-worth individuals and families face a valuation environment that is far more complex than simply determining the worth of an asset. In the context of trust, gift, and estate tax planning, valuation becomes a foundational discipline that affects wealth transfer strategy, tax efficiency, compliance, and long-term family outcomes.

Divorce proceedings involving significant or complex assets are rarely straightforward. Beyond the emotional and legal dimensions, these cases often hinge on a clear and defensible understanding of financial reality.

A new Senate bill proposes imposing annual withholding taxes on trusts exceeding $50 million in assets, with rates ranging from 1% to 3% depending on asset value.

The Murdoch Family Trust litigation is making news again. Media organizations sought access to the proceedings and access to court filings in the case.

This memorandum is designed to outline some of the basic administrative steps to be followed by the Trustee of an irrevocable life insurance trust (hereinafter referred to as an "ILIT" or the "Trust").

North Carolina's agricultural landscape is undergoing dramatic transformation as development pressure threatens over a million acres of farmland by 2040.