Many legal commentators and publications have noted that there are problems with relying on “generative artificial intelligence” or “large language models” such as “ChatGPT,” which are often referred to (somewhat derisively) as “chatbots.” The problems are usually described as “hallucinations” … Continue reading
Tag Archives: Drafting
I’ve seen more than one article recommending that, when we (meaning the public generally and not just lawyers) write the year on checks and other documents, we should write out the whole year, “2020,” and not just the last two … Continue reading
The forms in use in a firm should be easy to edit, and it should be easy to copy and paste language from one document to another, so lawyers responsible for creating or maintaining will and trust (and other estate … Continue reading
Gifts in trust normally do not qualify for the federal gift tax annual exclusion, but can qualify if beneficiaries are given limited rights to withdraw gifts from the trust. These withdrawal rights, usually known as “crummey powers,” are rarely exercised, and should be carefully drafted both to qualify for the annual exclusion and to avoid adverse gift tax consequences to the beneficiaries when the powers lapse without being exercised.
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