Game of Trusts: Establishing Proper State Taxation of Non-Resident Trusts

By Jennifer Villier, JD | Business Law Faculty on May 17, 2019 10:00:00 AM

The United States Supreme Court rarely addresses trusts and estates issues. The purview of the states, issues arising in intergenerational wealth transfers, are generally outside federal jurisdiction. To reach the U.S. Supreme Court, trusts and estates cases typically involve federal preemption or the constitutionality of a state’s law; the latter has brought the most recent trusts and estates case before the Court.

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WealthCounsel Stands With Legal Aid at Work

By WealthCounsel Staff on Apr 26, 2019 10:04:00 AM

As a company dedicated to helping attorneys understand and utilize the law to better the lives of their clients and larger communities, we believe that all individuals, regardless of wealth, should have an equal opportunity to protections under the law and to legal representation.

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Basis Basics: A Lesson From the 8th Circuit

By Jennifer Villier, JD | Business Law Faculty on Apr 19, 2019 10:02:00 AM

In an article by Professor Douglas A. Kahn published by the American Bar Association, Mr. Kahn contends that the increase in experiential learning in law schools is leading to a decrease in law student enrollment in core doctrinal classes, such as tax courses. According to Professor Kahn, only one-third of the students who recently graduated from Michigan Law School took a tax class, and less than 10% of those students took either partnership or corporate taxation.  Sadly, the situation at Michigan Law School is not unique.

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