Current Developments in Estate Planning and Business Law: June 2021

By WealthCounsel Staff on Jun 11, 2021 10:00:00 AM

monthly-recap (1)

From the Department of the Treasury’s issuance of a new “green book” to the Biden administration’s withdrawal of a proposed Trump-era independent contractor rule, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted a few noteworthy developments and analyzed how they may impact your estate planning and business law practice.

Continue Reading

Current Developments in Estate Planning and Business Law: May 2021

By WealthCounsel Staff on May 14, 2021 10:00:00 AM

monthly-recap (1)

From the proposed elimination of stepped-up basis to new grants for restaurants and live venues harmed by the COVID-19 pandemic, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted a few noteworthy developments and analyzed how they may impact your estate planning and business law practice.

Continue Reading

Why Caution Is Warranted When Transferring Title of Mortgaged Real Property

By WealthCounsel Staff on Apr 9, 2021 10:00:00 AM

MortgageTransfer

by Phoebe Stone, JD, MA (bioethics)

Transferring title of real property to an inter vivos trust is an extremely common practice for most estate planners. Many practitioners also engage in transfers of real property to ownership vehicles such as limited liability companies (LLCs). Practitioners must exercise caution when making these transfers if the property is subject to an existing mortgage, however, because such transfers can trigger the due-on-sale clause that is typically included in the mortgage contract.1

Continue Reading