
Month: May 2023
Navigating High Interest Rates: The Power of Qualified Personal Residence Trusts in Estate Planning
On May 3, 2023, the Federal Reserve raised interest rates, this time to a range between 5% and 5.25%. It marked the tenth increase since March 2022. As rates continue to rise, estate planning strategies must shift to take advantage of these new economic conditions. One such tactic is the Qualified Personal Residence Trust (QPRT). A QPRT is ... Read More
Vermont Extends Assisted Suicide Law to Nonresidents
In a precedent-setting move, Vermont has become the first state in the U.S. to amend its assisted suicide law, extending its provisions to terminally ill nonresidents. Signed into law by Republican Governor Phil Scott on May 2, 2023, the legislation removes the decades-old residency requirement, demonstrating a significant shift in the nation's approach to end-of-life care. This ... Read More
Security Deposit Requirements for DC Residential Leases
The District of Columbia, with its rich history of protecting the rights of tenants, has strict rules governing security deposits on residential leases. Landlords who manage their own properties and professional managers should be familiar with these rules. Limitations on the amount of the security deposit. The deposit shall not exceed ... Read More