Wednesday, January 11, 2017
Barbara R. Hauser recently published an Article entitled, Watching and Waiting: Two Key Themes in the United States and Abroad, Tr. & Est. 56 (Jan. 2017). Provided below is a summary of the Article:
The year 2016 felt like a year “on alert,” “on pause” and both. Global unrest, an increase in nationalism, a year-long bitter election process in the United States, millions of migrants and refugees worldwide, Britain’s surprising vote to leave the European Union (Brexit) and, at the end of the year, the United States electing a completely new type of leader all contributed to an anxious year generally around the world.
Maybe these high level preoccupations explain why the lower level, less complicated world of trusts and estates practice was fairly quiet. The lack of significant new legislation is also due to the “lame duck” end of the term of the U.S. President. For estate planners in the United States, the biggest news was probably having proposed regulations on valuation discounts for family assets.