Nearly 4 in 10 senior lawyers (37%) say their firms already use AI tools, but just 25% state they trust the technology to handle legal work, according to the LexisNexis Investing in Legal Innovation ...

Understanding trusts and the role of the trustee is important for the people establishing trusts and the beneficiaries of those trusts. In this first of a series of blog posts, we have provided some ...

Now more than ever, the situs and principal place of administration of a trust has become a fluid concept. Trustees change, move, or open and close offices. As situs changes, the question often ...

WASHINGTON, D.C. - JANUARY 03: The U.S. Flag flys above the International Revenue Service headquarters building on January 3, 2024, in Washington, D.C. (Photo by J. David Ake/Getty Images) As we ...

An expert Q&A on the intersection of trusts and estates and elder law, highlighting important elder law issues that counsel should consider during the estate planning process.

In simplest terms, a trust is a set of rules that govern the ownership and use of assets. Generally, as long as a rule is lawful (i.e. not sexist or racist), that rule can be included in a trust.

We are accustomed to think of the trust as a branch of property law. The Restatement(Second) of Trusts defines the trust as "a fiduciary relationship with respect to property," [FN1] and the codes ...