Avoiding the adverse effects of withdrawal: drafting and administering "Crummey powers"

Article Abstract:

Including withdrawal rights in irrevocable trusts is a tax planning technique with application to gift taxes. However, including such rights in trusts can bring complications extending even to adverse tax implications. Ways to handle such complications in drafting trusts are discussed.

Tax exclusion, Gift tax, Crummey trusts

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The TRU debate: the pros and cons of using total return unitrusts

Article Abstract:

Total return unitrusts are becoming more and more popular. They provide more flexibility than traditional trusts because TRUs do not require trustees to follow the Prudent Investor Rule. Some of the advantages and disadvantages of TRUs are discussed.

Financial management, Trusts, Funds, Trusts, and Other Financial Vehicles, Company investment, Investments, Trusts and trustees, Trustees, Trusts (Law)

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The brewing storm: securities regulation and lifetime settlements

Article Abstract:

Sales of life insurance to third parties have become more popular in recent years and regulations have not always kept pace. The question of whether securities laws apply to such transactions, and the implications of the answer are considered.

Life Insurance, Direct Life Insurance Carriers, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn, Practice, Income tax, Securities law, Viatical settlements

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