Update from Archstone Law Group
Massachusetts Adopts Uniform Trust Code
The Massachusetts Uniform Trust Code (“MUTC”) was recently signed into law and applies to all trusts in existence before, on, or after its effective date, with a few provisions that apply prospectively only. The MUTC clarifies and, in some cases expands, the rights of trust beneficiaries, gives trustees more flexibility in administering trusts, and reduces the need for court supervision over and intervention in trust matters. Anyone serving as a trustee of a Massachusetts trust or who is a beneficiary of such a trust should contact us if they have any questions about the impact of the MUTC on a particular trust.
Recent Transactions
Here’s a sampling of the transactions we have been involved in recently:
- Merger of two community hospitals, resulting in a single enhanced provider in the community.
- Sale of an ambulatory surgery center to a hospital, with associated agreements for continued medical oversight by prior physician owners.
- $40 million tax-exempt bond financing for a health care system, involving development of new projects and refinancing of prior indebtedness.
- Representation of developer in acquisition, entity formation, land use permitting, title clearance, leasing, financing, and sale of approximately $15 million “big box wholesale club” project in Pittsfield, Massachusetts.
- $1.4 million convertible debt bridge financing for a technology company.
Archstone Attorneys Receive Recognition
Eve Horwitz recently published a chapter on “Qualifying For Tax Exemption”, directed to founders of non-profit corporations, as part of an eBook published through ExecSense, the world’s largest publisher of webinars and eBooks. In addition, Eve was once again named as a New England Super Lawyer for her health care expertise. This accolade was made by an independent blue ribbon panel of her peers who were asked to vote for those lawyers who represent the best of the legal profession.
R. Paul Faxon recently co-presented a program at the annual conference of the International Academy of Collaborative Professionals on the application of Collaborative Alternative Dispute Resolution in a Family Business Dispute.