Wills and Trusts

Wyatt, Tarrant & Combs, LLP


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Turney Berry co-authors article on the revised Uniform Fiduciary Access to Digital Assets Act for the publication “Trusts & Estates”

Turney Berry, member of Wyatt’s Trusts, Estates & Personal Planning Service Team, co-authored an article that was published in the November issue of Trusts & Estates.  The article, “You Can’t Always Get What You Want: Understanding the revised Uniform Fiduciary Access to Digital Assets Act,” outlines the original and revised versions of the Act, and describes impediments to digital asset access that may arise for a fiduciary.

Click here to view the full article.


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Jeff Yussman to serve as panelist for American Bar Association webinar, “Tax Basics: Special Needs Planning for Families”

Jeff Yussman, member of Wyatt’s Trusts, Estates & Personal Planning Service Team, will be serving as a panelist for the American Bar Association webinar, “Tax Basics: Special Needs Planning for Families” on December 2.  The panel will discuss tax regulations, bookkeeping protocols and public benefits of which trustees should be fully aware.

Please click here for more information and to register.


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Jeff Yussman authors “A Delicate Balance – How Working Affects Public Benefits” for the Special Needs Alliance

Jeff Yussman, member of Wyatt’s Trusts, Estates & Personal Planning Service Team, wrote an article that was recently published by the Special Needs Alliance.  The article, “A Delicate Balance – How Working Affects Public Benefits,” describes government incentives which can help individuals with disabilities explore career options.

Please click here to read the full article.


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Turney Berry to present for Trusts & Estates Practice Management webinar

Turney Berry, member of Wyatt’s Trusts, Estates & Personal Planning Service Team, will be presenting for WealthManagement.com’s Trusts & Estates Practice Management webinar entitled, “The New Uniform Fiduciary Access to Digital Assets Act: An Overview by the Drafters.”  This webinar will advise practitioners on the main provisions of the Act and advise them on handling a client’s digital assets.

Please click here to register.


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Walter Morris quoted in Kiplinger’s Retirement Report on trust decanting

Walter Morris, member of Wyatt’s Trusts, Estates & Personal Planning Service Team, was quoted in the October issue of Kiplinger Magazine‘s Retirement Report. The article, “Old Trusts Create Tax Issues for Heirs,” discusses the potential effect that rising capital-gains taxes could have on one’s trust and what it could mean for their beneficiaries.

Please click here to read the full article.


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Jeff Yussman to present at the Kentucky Society of CPAs Conference, “CPAs & Seniors”

Jeff Yussman, member of Wyatt’s Trusts, Estates & Personal Planning Service Team, will be presenting at the Kentucky Society of CPAs conference, “CPAs & Seniors.”  He will be speaking on the topic “Special Needs Trust Planning for Families.”

Other topics include:

– What to expect with aging clients and their health
– VA, Medicare, Medicaid
– Estate planning for seniors
– Guardianships, powers of attorney, elder mediation
– Using your business forecasting skills for individual and family life planning
– Building a nice market with older clients
– Social Security planning

Click here to view the full agenda.  Click here to register.


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Mississippi Qualified Disposition in Trust Act

By Barry K. Jones

As of July 1, 2014, Mississippi became the fifteenth state to allow the creation of a “self-settled asset protection trust.” The full text of the legislation may be found in Mississippi House Bill 846, the “Mississippi Qualified Disposition in Trust Act,” signed by Mississippi Governor Bryant on April 23, 2014. The legislation was effective July 1, 2014 and is codified as Sections 91-9-701 et seq. of the Mississippi Code of 1972. The Mississippi Qualified Disposition in Trust Act (“MQDTA”) is modeled after the Delaware Qualified Disposition in Trust Act and Tennessee Investment Services Trust Act.

MQDTA requires that a “qualified disposition” in trust be made pursuant to an irrevocable, written trust instrument that incorporates Mississippi law with respect to the validity, construction and administration of the trust. The trust instrument must contain a “spendthrift” provision that provides that the interest of the transferor or other beneficiary in trust property or income may not be transferred, assigned, pledged or mortgaged, voluntarily or involuntarily, prior to the distribution of trust property or income to the beneficiary. In addition, the transfer of property to the trust must not Continue reading