trusts
Coverage of trusts in the Nexus archive.
- Estate Planning Seminar
Cascade PBS and experts from Washington Trust Bank are hosting a complimentary and informative seminar on estate planning. The event will provide practical guidance covering wills, trusts, probate, and various strategies to help protect an individual's legacy. Attendees should reserve their spot as space is limited.
- Judge allows clergy abuse claimants to sue for parish assets in Vermont Catholic bankruptcy case
A U.S. Bankruptcy Court judge in Vermont has allowed clergy abuse claimants to sue for parish assets, including an estimated $500 million in local parish holdings, as part of the Roman Catholic Diocese's bankruptcy reorganization. The diocese, which filed for Chapter 11 protection in 2024, faces potential litigation over parish assets placed in trusts, with claimants arguing these funds should cover abuse settlements.
- Court filing alleges Vermont Catholic Church posed ‘ethical proposition’ to shield funds from abuse survivors
A court filing alleges that the Vermont Roman Catholic Diocese asked a 2020 job applicant to help shield funds from clergy abuse survivors by transferring assets to prepare for bankruptcy. The diocese previously established trusts in 2006 to protect parish holdings, and current and former bishops reportedly discussed protecting assets from potential judgments. The diocese is in Chapter 11 bankruptcy, with a committee of abuse claimants seeking access to parish assets placed in trusts.
- Where there's a will, AI still has work to do
A UK law firm tested an AI chatbot to draft a will for a fictional client, finding that while the document appeared convincing, it omitted critical legal considerations like inheritance tax planning and financial vulnerabilities. The firm emphasized that AI-generated wills lack the depth and safeguards provided by human solicitors, who ask follow-up questions to address complex legal and personal circumstances.
- Heiress who sued Barclays, HSBC for alleged money laundering with Ghislaine Maxwell link seeks $15B in damages
Tanya Dick-Stock and her husband sued Barclays and HSBC, alleging the banks enabled her late father to use trusts, including one valued at $350 million, for money laundering. They seek $15 billion in damages and link the case to Ghislaine Maxwell.
- Top barrister accused of tax evasion was avoiding ‘red tape’, court hears
Robert Venables, a top barrister, is accused of setting up trusts and a partnership structure to evade £2 million in taxes, according to court proceedings. The prosecution claims he avoided HMRC obligations through these arrangements.