Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, August 5, 2020

Stephanie Loomis-Price named Chair of the Section of Real Property, Trust, and Estate Law for the 2020-21 bar year

Loomis-PriceThe following is from an ABA announcement:

Stephanie Loomis-Price of WinsteadPC has been named Chair of the Section of Real Property, Trust, and Estate Law for the 2020-21 bar year.

Stephanie, a trust and estate attorney, will lead the Section of 17,000 active members. Stephanie handles federal gift and estate tax litigation against the Internal Revenue Service across the nation, as well as state fiduciary and probate controversy work. She has assisted clients in numerous cases in the United States Tax Court, the United States Court of Federal Claims, and the United States Court of Appeals for the Fifth, Eighth, and Eleventh Circuits, as well as County Probate Courts in Texas. She also counsels clients regarding complex estate administration and minimizing litigation and audit risks.

August 5, 2020 in Appointments and Honors | Permalink | Comments (0)

Thursday, June 4, 2020

National Association of Estate Planners & Councils May 2020 Newsletter Provided by Leimberg Information Services

AEP Logo(2)The National Association of Estate Planners & Councils has released its May 2020 newsletter in which Steve Leimberg offered commentary on what every planner needs to know about the psychology of death and dying. You can read the illuminating newsletter here.

Below is the executive summary of Steve Leimberg's enlightening commentary:

The current coronavirus pandemic is a “moment of awakening and focus” for everyone throughout the world with regard to the inevitability of dying and death. Yet I suspect that all too many individuals in our country do not have the proper end-of-life documents for a very simple but very human reason; we professionals have difficulty, both as professionals and as family-members, bringing up and talking about the subjects of dying and death. This commentary is about the psychological aspects of dying and death – and what you as a planner – and as a human – need to know. We are – EACH OF US - in the middle of a life-threatening pandemic – so at no time in the memory of anyone still walking today is the subject of death and dying more on our minds. This commentary will cover why every member of the estate planning team must think and know more about the psychology of death and dying. I’ll cover the five payoffs of the estate planning process – beyond tax savings and appropriate disposition of assets – why we as professionals need to be more involved as counselors – and the feelings our clients are likely to go through in their late aging and dying process. I’ll also cover success factors in working with clients – and the emotional problems of the survivors and the tools you have to help them get through their most difficult trials.

June 4, 2020 in Appointments and Honors, Estate Planning - Generally | Permalink | Comments (0)

Tuesday, April 2, 2019

John A. Terrill, II is the new President of The American College of Trust and Estate Counsel (ACTEC)

ACTECThe following is from ACTEC's press release:

Washington, DC: The American College of Trust and Estate Counsel (ACTEC) is proud to announce that John A. (“Jack”) Terrill, II became President. The official “Passing of the Gavel” ceremony took place Saturday, March 23, 2019, at ACTEC’s Annual Meeting in La Quinta, California. Terrill, a partner at Heckscher, Teillon, Terrill & Sager, P.C. in West Conshohocken, Pennsylvania succeeded ACTEC Fellow Charles D. “Skip” Fox, IV from Charlottesville, Virginia. 

ACTEC is a professional organization of approximately 2,500 lawyers from both the United States and abroad. Fellows of ACTEC have extensive experience in one or more of several practice areas including among others estate and trust planning; estate tax, gift tax and generation-skipping tax planning; fiduciary income tax planning; charitable planning; planning for owners of closely-held and family businesses; fiduciary litigation; and estate and trust administration. Terrill was elected to ACTEC in 1991 and has been an officer since 2015. He has been an active participant in the work of the College and is the founding Chair of ACTEC’s Asset Protection Committee. He also chaired the FATF Task Force and has been an active member of a number of committees including Professional Responsibility Committee, Sponsorship Advisory Committee, Legal Education Committee, and Executive Committee. 

Terrill is a nationally recognized authority on asset protection planning and on the international efforts to involve lawyers in the war against money-laundering and terrorist financing under the auspices of the Financial Action Task Force. Terrill was a lecturer at University of Pennsylvania Law School, where he taught Trusts and Estates, and an adjunct professor in the graduate tax program at Villanova University.

“Knowing ACTEC, its Fellows and Staff, as I do, I must say that it is the greatest honor of my professional life to be chosen to lead this organization during its 70th year. I have had a close-hand view of the Fellows of the College showing the highest level of professional excellence in what they do, for their clients and for the trust and estate practice in their broader communities. Collectively they play an important role in the creation, improvement and interpretation of laws and rules for the benefit of our local communities, states and country. As President, my most important role will be to facilitate the delivery of that excellence in every possible way.”

At the La Quinta Annual Meeting, ACTEC’s Board of Regents elected the following 2019-2020 officers, each of whom will serve with Terrill on the Executive Committee and on the Board of Regents:

Skip Fox will also serve on the Executive Committee as the immediate Past- President during the 2019-2020 year.

About the American College of Trust and Estate Counsel (ACTEC):  Established in 1949, The American College of Trust and Estate Counsel, ACTEC, is a national organization of approximately 2,500 lawyers peer-elected to membership by demonstrating the highest level of integrity, commitment to the profession, competence, and experience as trust and estate counselors. Our members, "Fellows," are the best and brightest in the trust and estate practice, with decades of experience representing and advising families. ACTEC offers technical comments about the law and its effective administration but does not take positions on matters of policy or political objectives.

April 2, 2019 in Appointments and Honors | Permalink | Comments (0)

Friday, November 10, 2017

Jonathan G. Blattmachr to receive Hartman Axley Lifetime Service Award.

The National Association of Estate Planners & Councils has selected Jonathan G. Blattmachr as this year’s winner of its prestigious Hartman Axley Lifetime Service Award. The award recognizes “those that have been highly active in the estate planning community and crucial to the development of the Association.”  Past winners include Conrad Teitell, David Eugene Lajoie, Robert G. Alexander, L. Henry Gissel, Jr. and Leonard H. Neiman.  More information about the award is here. The award will be presented at NAEPC’s annual meeting to be held in New Orleans November 15-17, 2017.

Mr. Blattmachr is the director of estate planning for the Peak Trust Company and a director of Pioneer Wealth Partners, LLC, a boutique wealth advisor firm in Manhattan. He is a retired member (and former Chair of the Trusts & Estates Department) of Milbank, Tweed, Hadley & McCloy LLP and a retired member of the California and New York bars. He is the author or co-author of eight books and over 500 articles. He is co-developer of Wealth Transfer Planning, a computerized system for lawyers that automatically generates estate planning documents, such as wills and trusts, and provides specific client advice using a form of artificial intelligence. Mr. Blattmachr graduated from Columbia Law School in 1970, where he was a Harlan Fiske Stone Scholar, and Bucknell University, from which he received an A.B. degree in Mathematics. Mr. Blattmachr served on active duty in the United States Army from 1970 to 1972.  He has been an adjunct professor at several New York area law schools and held a variety of leadership positions in the New York State Bar Association, the American Bar Association and the American College of Trust and Estate Counsel. He is the primary author of New York’s decanting statute as well as a variety of statutes in other jurisdictions relating to self-settled asset protection trusts, elective community property trusts, and the repeal of the rule against perpetuities.

November 10, 2017 in Appointments and Honors | Permalink | Comments (0)

Thursday, November 9, 2017

Here’s Who  Stashes Their Riches in Offshore Havens

10-celebrity-tax-1New research based on data taken from the Bank for International Settlements shows that the affluent using offshore tax havens tend to be from countries stocked with natural resources, living in close proximity to Switzerland, or residing in nations that are politically or economically unstable. The data also strongly indicate that tax evasion rates increase sharply as wealth increases. In Scandinavia, the average rate of tax evasion is about 3%. But, 30% of the top .01% evade personal taxes.

See Steve Goldstein, Here’s Who  Stashes Their Riches in Offshore Havens, MarketWatch, September 12, 2017.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.

November 9, 2017 in Appointments and Honors, Estate Planning - Generally, Income Tax | Permalink | Comments (0)

Tuesday, September 26, 2017

Chambers High Net Worth Guide 2017 Recognizes Eleven Day Pitney Attorneys

Ec6f2ed09c52cfe893304aa5b1c2e074--oscar-winners-award-winnerEleven Day Pitney LLP attorneys specializing in trusts and estates were recognized in the 2017 Chambers High Net Worth Guide. The publication is targeted specifically at the private wealth market and features extensive evaluation of leading lawyers and law firms. “All of the lawyers recognized are listed below:

Leila Dal Pos, Private Wealth Law– Massachusetts

Steven Fast, Private Wealth Law– Connecticut

Barbara Freedman Wand, Private Wealth Law– Massachusetts

Christiana Gianopulos, Private Wealth Law– Connecticut

Gregory Hayes, Private Wealth Law– Connecticut

Leiha Macauley, Private Wealth Law– Nationwide, Private Wealth Law– Massachusetts

David Silvian, Private Wealth Law– Massachusetts

Dina Kapur Sanna, Private Wealth Law– Nationwide, Private Wealth Law– New York

Darren Wallace, Private Wealth Law– Connecticut

Warren Whitaker, Private Wealth Law– Nationwide, Private Wealth Law– New York

Stephen Ziobrowski, Private Wealth Law– Massachusetts”

See Chambers High Net Worth Guide 2017 Recognizes Eleven Day Pitney Attorneys, Day Pitney, September 20, 2017.

September 26, 2017 in Appointments and Honors, Estate Planning - Generally | Permalink | Comments (0)

Monday, March 21, 2016

Application For ABA Real Property, Trust, & Estate Law Fellowship

ABAThe ABA Section of Real Property, Trust and Estate (RPTE) Law Fellows Program encourages the active involvement and participation of young lawyers in Section activities. The goal of the program is to give young lawyers an opportunity to become involved in the substantive work of the RPTE Section, while developing into future leaders.

If appointed as an RPTE Fellow, you will:

  • Work with a designated Committee Chair, who will serve as a mentor and teach you how to successfully participate in committee leadership
  • Get involved in a substantive project, which could include writing for an RPTE publication or speaking at a Section CLE event
  • Become a Section liaison to the ABA Young Lawyers Division or your local bar association
  • Become an active member of the Membership Committee
  • Participate in important Section leadership meetings

The application may be found here.


March 21, 2016 in Appointments and Honors, Estate Planning - Generally | Permalink | Comments (0)

Friday, February 19, 2016

Professor Rebecca Morgan Receives Inaugural Award From National Elder Law Foundation

Professor morganThe co-director of the Stetson University College of Law Center for Excellence in Elder Law has earned an inaugural award from the National Elder Law Foundation. The foundation’s board of directors awarded professor Rebecca Morgan for her ongoing contributions to the field of elder law. “Professor Morgan is the Boston Asset Management Faculty Chair in Elder Law at Stetson University, a past president of the National Academy of Elder Law Attorneys, past president of the board of directors of Justice in Aging, past chair of the American Association of Law Schools Section on Aging and the Law and the Florida Bar Elder Law Section.” She has also authored several books, articles, and lectures that deal with the subject of elder law. This article also discusses many of the past prestigious awards that Professor Morgan has received.

See Stetson Elder Law Center Co-director Receives Inaugural Award from National Elder Law Foundation, prweb, February 19, 2016.

February 19, 2016 in Appointments and Honors, Elder Law, Estate Planning - Generally | Permalink | Comments (0)

Saturday, November 28, 2015

Michael D. Mulligan Inducted Into The National Association Of Estate Planners & Councils Estate Planning Hall Of Fame

Michael d. mulliganMichael D. Mulligan has recently had the honor of being one of five individuals that have been inducted into The National Association of Estate Planners & Councils Estate Planning Hall of Fame for the year 2015. He has also been awarded the Accredited Estate Planner (distinguished) designation in recognition of his distinguished service in the field of estate planning. Mr. Mulligan currently serves as co-chair of the organization's Estate Planning & Probate Department. “Mike is a principal originator of the estate planning strategy of sale to defective trust for an installment note, which is now widely used by estate planners nationally.” Additionally Mr. Mulligan serves on the Editorial Boards “of Estate Planning Magazine and The Journal of Taxation, and he is also a member of the Advisory Board of Tax Management Estates, Gifts and Trusts Journal.” He is a recognized and well respected expert in his field and frequently gives lectures on tax and estate planning subjects and has spoken many different seminars and tax institutes across the Nation.

See Michael D. Mulligan Elected to Estate Planning Hall of Fame by the National Association of Estate Planners & Councils, Lewis Rice LLC, October 21, 2015.

November 28, 2015 in Appointments and Honors, Current Affairs, Estate Planning - Generally | Permalink | Comments (0)

Michael W. Halloran Inducted Into The National Association Of Estate Planners & Councils Estate Planning Hall Of Fame

Michael HalloranThe National Association of Estate Planners & Councils has recently honored Michael W. Halloran by inducting him into the Estate Planning Hall of Fame for the year 2015. Michael W. Halloran has been involved with the financial services industry for over 40 years and is currently a wealth management adviser with Northwestern Mutual. As a graduate of Florida State University and the American College “Mr. Halloran holds the following designations: CFP®, AEP®, CLU®, ChFC®, LUTCF, RHU®, REBC®. Additionally, he is Series 7, 8, 63, 65, and Life, Health, Long Term Care, and Annuity licensed.” He has received a large number of industry awards and has been featured in publications like the “National Underwriter, Capital Executive, New York University Review, Money, Life Association News, Life Insurance Selling, USA TODAY, New York Times, Chicago Tribune, Congressional Quarterly, [and the] Dow Jones News Wire,” and he “has spoken in numerous states on various fiancial planning topics.”

Mr. Halloran is the immediate Past President of the National Association of Estate Planners and Councils, past National Director of the Society of Financial Services Professionals, past Board of Directors of Florida Association of Insurance and Financial Advisors, past President of Jacksonville Association of Insurance and Financial Advisors, past President of the Estate Planning Council of Northeast Florida, is the Executive Director of Physicians Nationwide, is a Member of the Estate Strategies Group, and other community organization boards.”

See Michael W. Halloran, Estate Strategies Group: Professional, Michael W Halloran, CFP®, AEP®, ChFC®, CLU®, LUTCF, November 28, 2015.

November 28, 2015 in Appointments and Honors, Current Affairs, Estate Planning - Generally | Permalink | Comments (0)