August 2010 - Law Firm of Jeffrey Burr

Zero-tax Planning

Posted on August 26, 2010 by Law Firm of Jeffrey Burr

I find myself very fortunate to have worked on some very exciting and complex estate plans. We have great clients with complicated estates, and for a tax-geek like me, it is a lot of fun to be able to put in place complicated trusts and engage in interesting family transactions. This week, I was able […]

The Win-Win Trust: Nevada Codifies Unitrust Conversion

Posted on August 11, 2010 by Law Firm of Jeffrey Burr

Nevada Revised Statutes 164 was amended last year to allow for a trustee of an income trust to convert such a trust into a unitrust. A unitrust is a type of trust that allows for a trustee to distribute a percentage of total trust assets as opposed to all of the income. The advantage of […]

Defense of Marriage Act Held Unconstitutional in Massachusetts Federal District Court

Posted on August 4, 2010 by Law Firm of Jeffrey Burr

Two Federal District Court cases held the Defense Of Marriage Act (hereinafter referred to as “DOMA” or the “Act”) to be unconstitutional. One found it violated the Fifth Amendment’s due process clause (Gill v. Office of Personal Management), and the other held that it violated both the Tenth Amendment and the Constitution’s spending clause (Massachusetts […]

The Importance of Testamentary Capacity

Posted on August 2, 2010 by Law Firm of Jeffrey Burr

Under Nevada law, N.R.S. 133.020, “every person of sound mind, over the age of 18 years, may, by last will, dispose of all his or her estate.” The creation or amendment of a Will or other testamentary document involves mental and emotional decisions that oftentimes affect the people nearest to the testator, including family members […]