Category Archives: Trusts & Estates
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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
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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
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Client Alert: Maryland Governor Larry Hogan Authorizes Remote Witnessing for Estate Planning Documents
Maryland Governor Larry Hogan has passed emergency Executive Order Number 20-04-10-01, which facilitates the execution of estate planning documents by allowing remote witnessing through video-conferencing. This Executive Order is a follow up to Executive Order 20-03-30-04 which authorized remote notarization of estate planning documents. This temporary legislation suspends the traditional in-person witnessing requirement for Wills, Advance Medical Directives, and ... Read More
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Client Alert: Estate and Business Succession Planning During the Coronavirus Quarantine
As efforts to contain the coronavirus continue throughout the United States and across the globe, Jackson & Campbell remains committed to the safety and well-being of our clients, employees, and the communities in which we live and work. Although our physical office is closed to the public, we continue to service new and existing clients - not just by offering ... Read More
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December Real Estate Update | Rae Lee Davis v. J. Garnett Davis, Jr.
On December 5, 2019, the Supreme Court of Virginia issued an opinion invalidating three gift deeds executed and delivered in 2013. The decision is significant in that evidence outside of the recorded documents – and, presumptively, outside of the review of any title examiner – was relied upon by the Court in reaching its decision. In Rae Lee Davis v. J ... Read More
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The Best Lawyers in America 2020
Jackson & Campbell, P.C. is pleased to announce a number of our Directors have been named to The Best Lawyers in America© 2020 Edition. Congratulations to: Arthur D. Burger, Ethics and Professional Responsibility Law David H. Cox, Real Estate Law, Real Estate Litigation William E. Davis, Trusts and Estates, Trusts ... Read More
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SCOTUS Opinion: Under Due Process Clause, State Cannot Tax Foreign Trust Solely Because A Beneficiary Resides In the State
A family trust was created in New York state, with the trustee also located in New York, to distribute assets to the children of the trust creator under the trustee’s sole discretion. One of those children moved to North Carolina. The trustee then divided the trust into three separate trusts, one for each child, retaining full power and discretion over ... Read More
Congratulations to our Attorneys and Practice Groups
Jackson & Campbell, P.C. is proud to announce our 2019 Super Lawyers. Please join us in celebrating Nathan J. Bresee, Richard W. Bryan, Arthur D. Burger, David H. Cox, William E. Davis, Christopher P. Ferragamo, Robert N. Kelly, James N. Markels, Nicholas S. McConnell, and Brian W. Thompson; and ... Read More
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Revocable Trusts and Real Property in Washington, D.C.
When thinking about transferring a Washington, D.C. real property into a revocable trust, there are several considerations to take into account. Beginning Steps: To ensure the transfer occurs properly, a deed has to be recorded. A transfer is usually exempt from transfer and recordation taxes, provided that the trust is revocable and that the grantor remains the beneficiary. Deductions: In most circumstances, the property ... Read More
Congratulations to our Best Lawyers in America © 2018!
Jackson & Campbell would like to congratulate our Best Lawyers in America © for 2018 Arthur D. Burger, Ethics and Professional Responsibility Law David H. Cox Litigation - Real Estate; Real Estate Law William E. Davis, Litigation - Trusts & Estates; Trusts & Estates Roy L. Kaufmann, Real Estate Law James P. Schaller, Commercial Litigation; Ethics and Professional Responsibility Law ... Read More