William M. Doyle, Lawrence M. Kern, and Eric C. Nelson joined Greenberg Traurig, LLP as shareholders in Chicago, with the intent to utilize the firm’s deep U.S. and
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SECURE Act Accelerates Timing of Required Minimum Distributions to Beneficiaries Under Qualified Plans and IRAs
The Further Consolidated Appropriations Act, 2020, signed into law Dec. 20, 2019, includes a division that is known as the SECURE Act,1 which made major changes to the required minimum
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Effect of Kaestner on Non-California Trusts With California Beneficiaries
On June 21, 2019, in a unanimous decision, the U.S. Supreme Court held as unconstitutional a North Carolina statute that had been interpreted by North Carolina to mean that a
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I Won the Lottery! What Do I Do Now?
Greenberg Traurig’s private client/high net worth team has the experience to advise mega-lottery winners. Our attorneys have worked with individuals who have won some of the biggest lottery awards in
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Considerations in Administering an Irrevocable Life Insurance Trust
Irrevocable life insurance trusts (ILITs) serve a multitude of significant estate planning and asset protection objectives. To effectuate these goals, proper administration of such trusts is required. This can be
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President Barack Obama Signs New Legislation Regarding Special Needs Trusts
On Dec. 13, 2016, President Barack Obama signed the 21st Century Cures Act (Act) allowing individuals to create their own self-settled special or supplemental needs trust (SNT), without having
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Trusts Can Provide Benefits Even for the Most Financially Savvy
In planning for the next generation, many parents struggle with the decision of whether to transfer property to their children outright or in trust. Some feel that transferring property outright
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Treasury Department Issues Proposed Regulations That Will Dramatically Reduce Valuation Discounts
On Aug. 2, 2016, the Treasury Department issued proposed regulations under Section 2704 of the Internal Revenue Code that, if finalized in their present form, would substantially alter the valuation
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Greenberg Traurig’s Diana Zeydel Featured In Forbes
Greenberg Traurig attorney, Diana Zeydel, was recently quoted in Forbes where she discusses the new proposed regulations regarding the valuation of family limited partnerships. These new proposed regulations would
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When a Fiduciary is Personally Liable for Unpaid Taxes
Although many people name family and friends as trustees or personal representatives in their legacy plan, it’s probably safe to assume that the people being appointed don’t have an understanding
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