The objectant, the decedent's daughter, opposed the motion and cross-moved for a determination that Article Sixth be construed in such a way that the objectant was deemed the sole residuary ...

An executor who pays himself before the tax bill comes due may end up paying twice. In Estate of Spenlinhauer v. Commissioner, the U.S. Tax Court held that an executor–residuary beneficiary was ...

About this time, Hustler filed a Motion for Judicial Discharge under the Texas Estates Code. Kitten objected and Hustler finally delivered an inventory and accounting showing that Kitten had not ...

Under the general rule for individuals dying on or after January 1, 2020, beneficiaries of a trust may be treated as having been designated as beneficiaries of the employee under a qualified plan (or ...

Question: I am the beneficiary of a trust and will be receiving what they call the residue of the trust. The trustee is taking forever to get the funds out to me. It has been five months since my aunt ...

When mapping out your estate plan, you may come across the term “residuary estate.” In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a ...

There is a saying that the road to clarity begins with confusion. For your advisor’s sake, we hope that is true. The IRS issued Proposed Regulations on February 23, 2022 and they are quite extensive.

Petitioner, the decedent's spouse, moved for a determination that the validity, construction, and effect of part of the decedent's last will and testament, Article Sixth, resulted in the entirety of ...