The growing demand for data and the infrastructure to host it has provided a new area of opportunity—data centers.Project finance has long been a part of many important sectors of the economy including, conventional power, renewable energy, oil and gas, and transportation.The growing demand for data has driven the construction of massive infrastructure, in the form of data centers, and the [renewable] energy required to operate them.
This article reprint was recently published in the July issue of Trusts & Estates magazine.The 2017 Tax Cuts and Jobs Act (the Tax Act) altered the way that income from certain trusts is taxed in the event of a divorce.Practitioners should carefully consider the tax impact of every trust created during a marriage in the event the parties get divorced in the future.
Beware of pre-October 22, 1942 general powers of appointment.Are assets subject to a general power of appointment (GPOA) includible in the powerholder’s estate? Generally, yes.However, for trusts established before October 22, 1942, there’s an exception in which the assets subject to the GPOA aren’t necessarily includible in the estate of the powerholder.Practitioners should be aware of this as these trusts wind down.Co-authored with Emily B.
