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Creditors and Self-Settled Trust in New Jersey

Posted on May 14, 2015 by admin in blog news

Question: Can a self-settled trust shield creator’s assets from claims by creditors? Answer: First what is a self-settled trust? It is a trust that is funded by the creator during creator’s lifetime and where the creator is also the income and/or principal beneficiary. Now for the answer, under NJSA 3B:11-1(a) any reserved right in the creator to either income or principal is reachable by the creditors of the creator. Note that the statute does not distinguish between revocable or irrevocable trusts, since a revocable trust is simply a reservation of property rights ...

House Votes to Eliminate Estate Tax (the ubiquitous low hanging fruit)

Posted on Apr 17, 2015 by admin in blog news

House Votes to Eliminate Estate Tax (the ubiquitous low hanging fruit) It seems that every new administration or Congress has something to say regarding the federal estate taxation. The main motivator is publicity, since this type of taxation affects few households, a measure in this area would make a great news story, but would have limited actual impact. As many of you probably heard, the Republican controlled House has approved a measure that would eliminate ...

Краткий обзор процесса регистрации патентов в США.

Posted on Sep 23, 2014 by admin in blog news

(This is post for the Russian speaking audience. If you open this in Chrome, it will translate to English automatically)  Aбычный процесс рассмотрения и выдачи патентов USPTO (United States Patent and Trademark Office)  занимает время приблизительно от трёх до пяти лет. После того, как эаявлнние на патент  подано и дана дата регистрации, заявление будет помещено в очередь. Эта очередь являецся единственным самым долгим периодом задержки между регистрацией и выдачи патента. Каждая заявка на изобретение направляецся  в определённый центр технологии (цт). ЦТ представляет группу экспертов, которые специализируются в конкретном поле информации. Например, Химия, ...

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