Trusts, Estates and Tax Group

Client Update  
          June 2010
          N.K.S. Distributors Distributors, Inc. v. Christopher J. Tigani, et al. (PDF 338
          KB)

A recent Delaware Court of Chancery order applied the attorney/client privilege to communications between a trustee and his counsel to bar a beneficiary of the trust from accessing those communications. (more) 

Speaking Material 
          May 20, 2010
          Taking Advantage of the 'Delaware Advantage': Why and How to Settle Trusts
          in Delaware and Move Trusts to Delaware - Chicago Estate Planning Council in
          Chicago, Illinois (PDF 358 KB)

UPDATED FOR 2010 - How to take advantage of Delaware's directed trust statute and other attractive Delaware statutes, Delaware creditor protections, Delaware dynasty trusts, Delaware Chancery Court supervision, and considerations when changing a trust situs to Delaware... (more)

Publication 
          April 2010
          Morris Nichols' Delaware Trust Law Companion 2009-2010

Morris Nichols' Trusts, Estates and Tax Group is proud to introduce the enclosed Morris Nichols' Delaware Trust Law Companion 2009-2010, a convenient mini-compilation of the most useful reference materials specific to Delaware trust law practice.  Until now, these materials have not been available in a single source... (more)

Publication 
          March 7, 2010
          Planning to Avoid Pitfalls - Asset Protection Trusts Thirteen Years
          After Enactment - Delaware Banker Magazine (PDF 496 KB)

The featured article not only examines amendments to the Delaware Qualified Dispositions In Trust Act in the thirteen years since its enactment as it relates to establishing a so-called Delaware asset protection trust ("DAPT") but also focuses on... (more)

Client Update  
          April 2010
          Delaware Virtual Representation: Increasing Efficiency in Trust Matters (PDF
          336 KB)

Use of the Virtual Representation Statute can eliminate considerable time and expenses that would otherwise be incurred in a judicial proceeding, or non-judicial matter, while still insuring that all interests in a proposed action are adequately represented.  Especially with recent additions... (more) 

Client Update  
          September 2009
          Merrill Lynch Trust Company, FSB, v. Mary F.C. Campbell, et al., C.A. 1803-
          VCN, V.C. Noble (Del. Ch. Sept. 2, 2009) (Mem. Op.) (PDF 392 KB)

A recent Delaware Court of Chancery opinion has important implications for trustee accounting actions, particularly where the court reviews a trustee's investment decisions.  The opinion places great emphasis on... (more) 

Client Update  
          September 2009
          Trust Act 2009 & Uniform Principal and Income Act - Material Changes to Title
          12 of the Delaware Code (PDF 342 KB)

Delaware’s Governor Jack Markell signed into law Trust Act 2009 and the Uniform Principal and Income Act, effective August 1, 2009, and a bill that reinstated an estate tax in the State of Delaware, effective immediately, and a bill that, among other things, increased filing fees for statutory trusts... (more)

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