Posts tagged "Houser"

O’Connell, et al. v. Houser, et al. (Lawyers Weekly No. 10-178-14)

NOTICE:  All slip opinions and orders are subject to formal revision and are superseded by the advance sheets and bound volumes of the Official Reports.  If you find a typographical error or other formal error, please notify the Reporter of Decisions, Supreme Judicial Court, John Adams Courthouse, 1 Pemberton Square, Suite 2500, Boston, MA, 02108-1750; (617) 557-1030; SJCReporter@sjc.state.ma.us   SJC-11698   MARY-KATHLEEN O’CONNELL & another,[1] trustees,[2]  vs. GEORGE C. HOUSER, JR., & others.[3] October 28, 2014.     Trust, Reformation.  Taxation, Generation skipping transfer tax.     The trustees filed a complaint in the county court seeking reformation of the trust established under Article Fourth of the Mary R. Houser Trust — 1991 to correct a drafting error that they contend frustrates the intent of the settlor and her husband to provide for their descendants in an efficient and tax-advantageous manner.  Apart from the Commissioner of Internal Revenue, who has not appeared, the parties with competency to do so have stipulated for themselves and their minor, unborn, and unascertained issue to the facts underlying the complaint and assented to the relief requested.  A single justice of this court reserved and reported the case to the full court.[4] Background.  As part of their estate plans, George C. Houser (George Sr.) and Mary R. Houser (Mary) established trusts to provide income for their sons, George C. Houser, Jr. (George Jr.), and Horace M. Houser (Horace), while preserving principal for future generations.  The George C. Houser Trust — 1980 (George Houser Trust) became irrevocable on George Sr.’s death in 1983.  It established two trusts for Mary’s benefit during her lifetime, and gave her a power of appointment over one of the trusts (the marital trust).  On Mary’s death in 1993, the principal remaining in the George Houser Trust was divided into two “share trusts,” one for each of the Housers’ sons.  Each son was given a power to “appoint by his will” any property remaining in his respective share trust on his death “to such one or more of the Donor’s issue” or to trusts for their benefit.  The parties represent that the property contained in the share trusts is not subject to the Federal generation skipping transfer (GST) tax.[5]  The George Houser Trust provided that each share trust:   “shall terminate whenever after the death of said child of the Donor [George Sr.] no issue of said child is living, or upon the expiration of twenty-one (21) years after the death of the last survivor of the Donor, the Donor’s wife MARY and all of the Donor’s issue by blood living at the Donor’s death, whichever shall first occur.” (Emphasis added).   After George Sr.’s death and enactment of the GST tax, […]

Read more...

Posted by Massachusetts Legal Resources - October 28, 2014 at 7:16 pm

Categories: News   Tags: , , , ,

tamoxwhere.com metalrockmusicpodcast.com techwebwolf.com mitchellscoffeetime.com 4n10store.com crayphoto.com registeredpuppiess.com leafbosscbd.com salonuniqat.com alphaproject-skiteam.com indimembrane.com escuelamasquemarketing.com chicagocityscusl.com helpweightoff.com shinylive.net fullbodychiro.net haxcommunity.org kursovaya.org theinvincibles.org aspekindonesia.org alphabiocbd.org javabluetooth.org veadotrading.com chrisamentas.com tattooartpedia.com vj0shii.info novels80.net sportinggoodindoor.net vinnysvinylsidinggreensboronc.com viewfrombangladesh.com pipiproductions.com alikhwaneplatre.com sslabs.info expressaktiv.info artistvisual.com cepatmasuk.com urutrain.com villasatmontanavista.org gularavincent.com pantaufilm.com dramabarat.com fotominsk.com kedaibilal.com martaloptiklens.com kamielis.com hariberry.com cateringmarketsquare.com nobleinternationalhotel.com erdemliotokiralama.com persongolf.com arsipskripsi.com jamesmalvern.com cryptomarketbd.com sehriart.com mrofficialonline.com roberthomestaging.com ennzcoupon.com authentik-immo.com distribuidoraconnect.com dreamydrawdesign.com muwilp.com nationalbattleleague.com maverickgrowshop.com sinansplace.com globalstreetfoods.com rollsroc.com conforthogarok.com christmastreedresses.com thetechlives.com borisvolfman.com roninindonesia.com nokritalash.com perfecthomeworkhelp.com orimeili.com elektrikci06.com toolzsource.com wellfedcreatives.com achomeandgarden.com brawnywriter.com petsfoodio.com tropisgarden.com belibibitikanmurah.com khabarbot.com goraah.com baudara.com sengelsted.com campingelrefugio.comwp-admin frankkelsoauthor.com reutovstudio.comwp-admin hunterbelgium.com terrabloggers.com tcirelocations.com parfoiswebshop.com ovofrance.com brooksmagyarorszaghu.com stilkostum.com stephenoney.com whimsypk.com sdnjunrejo1batu.com ibaethiopia.com yashikaresort.com terangindonesia.org mobilhondabogor.com patibannister.com mentaridunia.org irishadam.com davidallanhamilton.com teknik-mesin.com solarahail.com nukeradio.com stpetersmp.org shanala.com brixtonatwood.com itotecobag.com cricketlinesguru.com ioguardoilmare.com eldridgehometeam.com ngoomelarab.com birracapri.com srilankaescapes.com ranchoaromadelmar.com zamzamestates.com laluna-gard.com batunisanprasasti.com pabrikpipa.com suarasragen.com pleinairsocial.com kacafilmyogyakarta.com berasenak.com sampaiakhir.com criticalpointtheatre.com mybounceworld.comwp narinnakliyat.com charlottehornetsclub.com raahitrekkers.com verdantgardenia.com balonjakartaku.com jasabikinjersey.com tokocipta.com medicaltimes.org puertoricolimpio.org ingoodcowellness.com papisolutions.com greekgirlbeauty.com alexanderrarebooks.com watertreefulshear.com demorrosconel20.com boardgamesoftheworld.com bigscreenlab.com foundationsystemsrepair.com surveyinfoz.com juebejue.com tickedit.com rabbikushner.org bossdroid.org lepanierdegermaine.org gospelpage.net paucek.net storiyoh.com cacciamotorworx.com canceltimesharenow.travel cinediscount.com daubandbauble.com davefilms.us egy-greek.com f-1asp.com gazettemailrealestate.com greylogic.uswp-admin heirhunters-association.org.uk hf-emu.com inuyasha.us iqsoft.co.in istitutopertini.net justanotherlovestory.com lemondedeslions.com lowvisionary.com machupicchutours.travel maicoakiba.com naruto-pictures.us net9k.com pondok.app quazar-millenium.net slotonlinepgcasino.com techtv101.com thechronicleindia.com thekantaloupe.com tonyperkinsshow.com tuberadioforum.com vcsdk9.org videoprosys.com whytheyhate.us yeezystatic.org airstrike.co.za drsindi.co.za aeroklub-liberec.cz istob.cz double-aye.com uscreativebooks.com livingcolorut.com eaglepressurewasherservice.com electroauthor.com iowansformiller.com rainycamping.com expectthegreatutah.com what-is-bpm.com bniembarcadero.com coldcutsproductions.com latestcouponportal.com parentingplus.org calvinluo.us hop-cast.com goteammaria.com newproductivity.org 100randomtasks.com firstbaptistchurchchillicothe.com free-itv.com jointcontact.com natural-body.org valleyscene.com centralfloridaconcierge.org couchslobs.com iplaysims.com woollenhulls.com autourdemusil.net bradgrace.com czech100.com jetharrismemorialfund.org abunchofcrock.com americanmugandsteincompany.com quenchsa.com byrunners.com sharkberg.com