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HTMLWhen Can an Estate Plan Be Simple?
Roger L. Shumaker; McDonald Hopkins LLC;
Legal Alert/Article
June 21, 2016, previously published on May 27, 2016
My father liked to say that he had a simple Will: “I have little, I owe much and the rest I spent.”

 

HTMLSEC Money Market Mutual Fund Rules - The Impact on Retirement Plans
Gilbert C. Van Loon; Butler Snow LLP;
Legal Alert/Article
June 20, 2016, previously published on June 1, 2016
In October of this year, SEC rules will require that certain types of money market funds utilize a floating net asset value (rather than the current stable $1 net asset value), require (or in some cases, permit) the imposition of redemption fees on withdrawals, and permit temporary delays before...

 

HTMLStill Searching For the Perfect Gift for Your High School Graduate?
Michael P. Witzke; McDonald Hopkins LLC;
Legal Alert/Article
June 20, 2016, previously published on June 6, 2016
School is out and soon many of you will be hosting or attending graduation parties for high school seniors. Other than money, what does a student heading off to college need?

 

HTMLTables Turned: 21 States Tell Delaware to “Fork Over Our Unclaimed Property!"
Wilson G. Barmeyer, Holly H. Smith, Phillip E. Stano, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 15, 2016, previously published on June 15, 2016
The latest salvo in an ongoing battle against Delaware was fired on June 9, when 21 states, led by Texas and Arkansas, filed a motion in the U.S. Supreme Court to force Delaware to return to the States between $150 million and $400 million that Delaware had allegedly wrongfully claimed as abandoned...

 

HTMLLocation, Location - Move to Gambia Defeats Will Challenge
Paul Hewitt; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 19, 2016
Claims for financial provision are probably the most common challenges to Wills post-death.

 

HTMLPilot About to Take Off In the Court of Protection
Stephen Richards; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 19, 2016
It is anticipated that the draft Court of Protection Case Management Pilot will be live from the start of June.

 

HTMLPreventing Trustees from Withholding Information
Sarah Aughwane, Paul Hewitt; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 19, 2016
Although Blades v Isaac is primarily a costs decision, it raises interesting issues as to executor accountability and access to information where an estate passes on wide discretionary trusts.

 

Adobe PDFPennsylvania’s Revised Power of Attorney Act: Major Changes May Not Necessitate Revising Your Power of Attorney
Warren W. Ayres, Paul C. Heintz, Barbara E. Little, Janene B. Reilly, Nina B. Stryker; Obermayer Rebmann Maxwell & Hippel LLP;
Legal Alert/Article
May 27, 2016, previously published on Spring 2016
You may have read about the overhaul of the Pennsylvania laws governing Powers of Attorney used for financial and property transactions. Even though the revisions are extensive, your current Power of Attorney may be perfectly fine. Here is what you need to know to ensure that your documents are...

 

HTMLVictories on the Horizon for the Holder Community?
Brooke E. Ehrman, Marc J. Musyl, Sarah Niemiec Seedig; Greenberg Traurig, LLP;
Legal Alert/Article
May 19, 2016, previously published on April 29, 2016
In recent years, states have become more and more aggressive in pursuing unclaimed property as a means of increasing revenue without increasing taxes. States have enacted and modified unclaimed property legislation expanding the scope of what constitutes escheatable property, shortening applicable...

 

HTMLCourt Allows Time-Traveling QDRO to Evade Legal Requirement
Antoinette M. Pilzner; McDonald Hopkins LLC;
Legal Alert/Article
May 16, 2016, previously published on April 19, 2016
Divorcing couples who want to divide qualified retirement plan benefits accrued during the marriage can only do so through a qualified domestic relations order submitted to the plan. Under both ERISA and the Internal Revenue Code, a qualified domestic relations order cannot require the qualified...

 


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