Connecticut’s New Trust Decanting Statute

In what undoubtedly is welcome news to trustees of Connecticut irrevocable trusts, effective January 1, 2025, Connecticut will join the growing list of states that specifically authorize “decanting” the assets of an otherwise irrevocable trust into a new trust with...

Supreme Court Update: FDA v. Alliance for Hippocratic Medicine (No. 23-235), Starbucks Corp. v. McKinney (No. 23-367), Truck Insurance Exchange v. Kaiser Gypsum Co. (No. 22-1079), Coinbase, Inc. v. Suski (No. 23-3), Brown v. United States (No. 22-6389)

Greetings, Court Fans! Yesterday, the Court announced three opinions, including one that’s already making headlines: In FDA v. Alliance for Hippocratic Medicine (No. 23-235), a unanimous Court held that a group of emergency-room doctors and medical associations lacked...

Connelly v. United States (No. 23-146)

In a recent opinion, the United States Supreme Court unanimously ruled that life-insurance proceeds from a policy owned by a closely held business on the life of one of its owners must be factored into the valuation of the business for estate tax purposes when the...