by John C. Newman, Esq. with Ron Morgan, Esq., and Matt Getty, Esq. This article was first published in the Spring 2015 edition of The Vermont Bar Journal and features ten international tax and legal issues that our firm frequently encounters.
by John C. Newman, Esq. and Matthew D. Getty, Esq. This article addresses the issues that can arise when a parent dies owning Vermont real estate as well as the various approaches a parent or any other owner of Vermont property might consider as part of their estate planning.
If you or a member of your family has foreign investment accounts, and/or interests in trusts, corporations or other foreign entities that have not been disclosed to the IRS, I strongly suggest you read on, because there is a growing list of reasons to “come clean” now.
By John C. Newman, Esq. Facing legal matters after the death of your parents is one of the more daunting and emotionally draining tasks a person can be required to address. We provide the following calendar checklist as a reference for the survivors.
By Ron R. Morgan, Esq., and Matthew D. Getty, Esq. It would be an understatement to say that estate planning to minimize potential federal and/or state estate tax liabilities has become considerably more complex in recent years. There are two principal reasons for this.
By Edward V. Schwiebert, Esq. Vermont developers have a new issue to consider, as the result of a recent amendment to Vermont's groundwater protection laws regarding water withdrawals and the rights of the public in groundwater.
Co-authored by Paula McCann, Esq., Ron R. Morgan, Esq., and John C. Newman, Esq. Vermont may be well on its way to a dubious number-one ranking: for that of thefts by fiduciaries from estates of all types. What lawyers need to know about preventing or prosecuting theft by fiduciaries.
By A. Jay Kenlan, Esq. The debate surrounding Vermont statute amendments goes on.
If you are serving on a nonprofit board, you have a fiduciary duty of care in exercising oversight of the organization. One of the ways to ensure an active oversight role for your board is to review the annual filing of IRS Form 990.
As part of an article written by our Trust and Estate Department, we are proposing that litigants in probate court be able to use the same tools as are available in the Civil Division of the Superior Court to protect their financial interests when filing a petition and to collect final judgments. Current probate rules do not set forth the normal civil rules “tool kit” of pre-judgment mechanisms for finding assets and securing them until final judgment.
When the Vermont Legislature was considering the changes to the spousal share rules during the 2009-2010 session, the legislation originally contained a measure that would have criminalized thefts from any fiduciary relationship.
The contempt statute has been in the Vermont statutes for well over a hundred years, but it has been underutilized in recent history.
To try to foster a state-wide contemplation on the topic of unauthorized practice of law for elders and immigration matters, herein is a rule currently under study by the Vermont Supreme Court.
Firm partner Jack Facey has recently been answering questions for New England Condominium Magazine readers, a magazine published for owners, board members, lawyers and businesses working for condominium associations. The column is called “Ask a Lawyer.” The questions and answers posed to Mr. Facey follow.
By John C. Newman, Esq. & Matthew D. Getty, Esq. There has been a recent change in Vermont's homestead filing law. Read on to see how this affects the creation of life estates and/or transfers to trusts.
One of the consequences of a prolonged economic downturn is a decrease in the size of institutional endowments just at the time when reliance on those funds may increase.
As has been widely reported in the press, a U.S. citizen or resident individual must file a Foreign Bank Account Report (FBAR) to disclose foreign bank and securities accounts.
By Matthew D. Getty, Esq. Anyone planning to transfer real estate into any kind of business entity needs to be aware of the provisions of the Vermont property transfer tax.