Month: May 2021

Irrevocable Trust vs. Will: What’s the Difference?

Two of the possible ways for people making arrangements for the disposition of their assets after their death are wills and irrevocable trusts. Each one has unique strengths. Here’s how the two compare and contrast so you can determine if one or the other is right for you. Don’t let the intricacies of estate planning keep you from deciding what happens to your assets after you die; work with a financial planner to take the estate planning steps that are best for you.

What is an Irrevocable Trust?

A trust is a legal vehicle where you can place your assets, either to keep there for a period of time or to distribute. The grantor, or creator, of the trust typically uses it to pass on these assets after they die to their beneficiaries. With a trust, there are also applications outside of death. For example, a trust maker might create a trust just in case they become incapacitated.

With this trust, you establish the trustee, or the person with a fiduciary responsibility to manage the trust, your beneficiaries, and transfer your assets. The grantor cannot act as the trustee nor the beneficiary, though. You give up control of your property, funds, etc., when you put them in an irrevocable trust. So, since the assets no longer belong to you, you typically cannot change the trust or its terms.

Paraquat Cases Pivot to Trial, Possible Multidistrict Litigation

The legal fight over the herbicide paraquat is coming to a head, with the first trial set to begin next week. On Thursday, the U.S. Judicial Panel on Multidistrict Litigation plans to hear arguments on whether to coordinate more than 70 lawsuits brought against Chevron and Syngenta over the herbicide.

The legal fight over the herbicide paraquat is coming to a head, with lawsuits proliferating and the first trial set to begin next week.

The bench trial, set for June 1 in Illinois state court, comes in a lawsuit filed in 2017, but the vast majority of the 75 lawsuits have hit the courts in the past few months. On Thursday, the U.S. Judicial Panel on Multidistrict Litigation will hear arguments on whether to coordinate the federal cases into a single pretrial proceeding.

Hernia Mesh Failure Lawsuits: Q&A with a Trial Lawyer

Hernia surgery is one of the most common surgeries in the United States. Most surgeons perform hernia repairs with surgical mesh. The net-like implant helps fix weak spots in muscle or connective tissue and prevents organs or fat from bulging through the weak spot.

Most people have no problems after hernia repairs with mesh, and they can return to their regular activities. But sometimes hernia mesh fails and causes serious, painful problems that leave some people with debilitating health complications. Surgeons have to remove and replace defective mesh.

Thousands of people across the country have filed hernia mesh lawsuits seeking compensation for medical bills, lost wages, pain and suffering and lost quality of life.

How to Get Sued for Age Discrimination

Employers can’t afford to do these seven things. And if you are a worker wondering if you have grounds for an age discrimination lawsuit, start taking notes!

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