Category Archives: Estates and Trusts

This book deals with the management and disposition of multinational estates. It presents a practical approach to maximizing assets, minimizing taxes and risks, and avoiding legal disputes. Featuring helpful charts and checklists, it offers strategies for drafting wills and trust documents that secure clients’ interests. It also provides tips on how to prepare estate planning vehicles and individualized testamentary plans, protect investments against government expropriation, calculate tax credits and owed taxes, and navigate federal reporting requirements and relevant forms.

Some of the recent developments discussed in this new edition include:

Domicile: Clarification of the legal construct of “domicile” and whether it is determined based on “permanency” or “an intent to return indefinitely” (see section 1:3.1).
Gift Tax: Updated information on the requirements a nonresident alien must meet to qualify for the annual gift tax exclusion (see section 3:6).
U.S. Federal Reporting Requirements: Exploration of the reasons why increased regulatory attention has been given to the conflict between an individual’s right to privacy and the government’s need to access financial information for tax and other fiscal purposes (see NEW Chapter 5).
Trusts: Discussion of how to navigate the complexities of conflicting intersecting principles in civil and common law (see FULLY REWRITTEN Chapter 6).
Cryptocurrency and Digital Assets in Estate Planning: Specification of the additional details that must be included in a digital asset provision to ensure that these assets may be accessed (see section 7:8.2).

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PLI PLUS subscribers can access this title through their subscription.

Treatise Update – Stocker on Drawing Wills and Trusts (Fourteenth Edition)

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Stocker on Drawing Wills and Trusts, a staple in the library of attorneys and estate planners for more than 50 years, provides high-quality, comprehensive, field-tested drafting guidance that ensures wills, trusts, and other estate planning documents fully express clients’ wishes without provoking costly legal challenges. It is enhanced by hundreds of labor-saving sample forms and clauses.

Highlights of the new release include:

Estate Tax and Planning for the Applicable Credit Amount: Updated numbers regarding transfer tax rates; federal and state estate tax top rates; and gift, estate, and GST tax exemptions (see Chapter 5).
Preserving the Marital Deduction for a Surviving Spouse’s Revocable Trust: New information on how to avoid probate in a surviving spouse’s estate (see new section 6:7.7).
“Exhaustion” Concerns for Charitable Remainder Annuity Trusts: Revisions detail the consequences resulting from inattentive drafting of payment provisions (see section 8:4.1[E][4]).
Provisions Relating to Trusts Holding Retirement Plans: Expanded section explores the SECURE 2.0 Act, which continues the SECURE Act regime (see section 10:4.3).
Holographic Wills: Updated explanation regarding holographic wills and validity challenges (see section 13:4.1).

In addition, numbers indexed for inflation have been added throughout the text, and the Index and Table of Authorities have been updated.

On a related note, check out this timely PLI Chronicle article on the new reporting obligations for trusts in Canada.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

Treatise Update – Stocker on Drawing Wills and Trusts (Fourteenth Edition)

Leave a reply

Stocker on Drawing Wills and Trusts has been a staple in the library of attorneys and estate planners for more than 50 years, enhanced by hundreds of labor-saving sample forms and clauses. It provides high-quality, comprehensive, field-tested drafting guidance that ensures wills, trusts, and other estate planning documents fully express clients’ wishes without provoking costly legal challenges.

Highlights of the new release include:

Revised § 2:2.2 discusses a New York case addressing whether assets acquired by a testator’s estate after the death of the testator should be distributed pursuant to the terms of a will or by the laws of intestacy.
Updated Chapter 5 includes updated numbers regarding transfer tax rates; federal and state estate tax top rates; and gift, estate, and GST tax exemptions.
Expanded § 10:4.3 gives an update on proposed regulations in connection with the SECURE Act regarding required minimum distributions.
Revised § 13:1.2[B] explores new remote notarization rules.
New § 16:3.4 explains that attorneys should be mindful of their obligations to safeguard client data. For example, in New York State attorneys have an obligation to take reasonable care to protect clients’ confidential information with respect to data stored on attorneys’ electronic devices.

In addition, numbers indexed for inflation have been added throughout the text and the Index has been updated.

On a related note, check out this timely PLI Chronicle article on the new reporting obligations for trusts in Canada.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.