Wills, Trusts & Estates Prof Blog | HERSHORIN & HENRY LLP | Legacy Law | Orange County Living Trust and Probate

Wills, Trusts & Estates Prof Blog | HERSHORIN & HENRY LLP | Legacy Law | Orange County Living Trust and Probate

Wills, Trusts & Estates Prof Blog

Wills, Trusts & Estates Prof Blog
Posted on : May 12, 2007
Congress Could Make Moves to Save Social Security
Ronald Reagan and Alan Greenspan increased the retirement age a generation ago in an attempt to save social security. Congress approved overwhelmingly the bill that these men worked to have passed. It raised the retirement age by two months a... ...»

Exit Strategy Tips
Many companies struggle when the time comes to implement an exit strategy "“assuming an exit strategy is even in place. Ten tips on how to sell a business, plan an IPO, and choose a successor are below: It is important... ...»

You Can Add Gold To Your IRA Account
You can now add silver, platinum or gold to IRA accounts thanks to the Tax Payer Relief Act. You can add these precious metals to diversify funds, which can even out your portfolio's value if the stock market is not... ...»

Top SSRN Downloads
Here are the top downloads from December 6, 2011 to February 4, 2012 from the SSRN Journal of Wills, Trusts, & Estates Law for all papers announced in the last 60 days: Rank Downloads Paper Title 1 211 FLP Loss,... ...»

Case Law Update: Divorce
Revocation on divorce statute preempted by ERISA. In re Estate of Sauers, 32 A.3d 1241 (Pa. 2011), the Pennsylvania Supreme Court held that the ERISA preemption provision (29 U.S.C. § 1144(a)) preempts Pennsylvania's revocation on divorce statute as it applies... ...»

Article on Wills, Trusts, and Estates
J. William Gray Jr. (Partner, Hunton & Williams LLP) and Katherine E. Ramsey (Partner, Hunton & Williams LLP) recently published their article entitled, Wills, Trusts, and Estates, 46 U. Rich. L. Rev. 243 (2011). The introduction is below: The 2011... ...»

Congress Likely to Decide on Estate Tax This Year
Most tax specialists suspect that Congress will address the estate tax later this year when it decides whether to extend the Bush tax cuts. Currently, the estate tax is set to go back down to a $1 million exemption, a... ...»

ART-ful Conception
Americans have been using assisted reproductive technologies (ART) for many years, but these technologies can cause very complicated estate planning issues. If a child is conceived after the death of his or parent as a result of ART, questions surface... ...»

Ethically Using Groupon and Like Services
In the summer of 2010, Craig S. Redler, an estate planning attorney from St. Louis, offered an 87% discount on a will and durable power of attorney using the website Groupon. Since this first estate planning Groupon deal, many state... ...»

IRS Challenges Accuracy of Antrel Rolle's 2005 and 2006 Tax Returns
The IRS challenged the accuracy of New York Giants defensive safety Antrel Rolle's 2005 and 2006 tax returns. In 2005, Rolle reported a taxable income of $669,000 and the IRS says that should have been $2.15 million. In 2006, he... ...»

Article on Court-Ordered Mediation and Will Contests
Victoria Haneman(Associate Professor of Law University of La Verne College of Law) recently published her article entitled, The Inappropriate Imposition of Court-Ordered Mediation in Will Contests, 59 Cleveland State Law Review (2012). The abstract available on SSRN is below: Following... ...»

Learn from Litigation Over High Profile Estates
Reuters spoke with Russell Fishkind, an estate attorney and partner in the East Coast law firm of Saul Ewing, about what we can learn from litigation that surrounds high profile estates. One of the most common scenarios leading to litigation... ...»

Songwriters Have A Tax Election
If you're a songwriter, you can elect to treat the sale of your musical composition or copyright in the musical work you create as a capital gain. This advantage is limited to songwriters "“ those who write novels do not... ...»

Mark Zuckerberg Can Pick Successor From the Grave
According to Facebook's IPO filing, Facebook's founder Mark Zuckerberg may be able to personally choose his successors from the grave. According to the subsection entitled Our CEO has Control over key decision making as a result of his control of... ...»

Legal Ethics and Federal Taxes, 1945-1965
Michael Hatfield (Professor of Law, Texas Tech University School of Law) has recently pubished his article entitled Legal Ethics and Federal Taxes, 1945-1965: Patriotism, Duties and Advice, 12 Fla. Tax Rev. 1 (2012). Here is an abstract of his article:... ...»

Planning During Uncertainty
Ken Esch (Advisor, Family Business Magazine) recently published his article entitled, New Leaders Must be Prepared for Uncertain Times, Family Business Magazine (Winter 2010). An excerpt for the article is below: The phrase "new normal"¯ made a comeback after the... ...»

Paying the "Fair Share"
President Obama has claimed that top earners are not paying "their fair share"¯ under the current tax laws. According to a recent article published in Forbes Magazine, however, data on taxes paid by various income groups may prove otherwise. A... ...»

53rd Anniversary of "The Day the Music Died"
Writing this blog from Lubbock, Texas, today is especially signficant as the 53rd anniversary of the plane crash that killed Buddy Holly (a Lubbock native), Ritchie Valens, The Big Bopper (Jiles Perry Richardson, Jr.), and the plane's pilot. Like most... ...»

House Votes to Repeal CLASS Act
On Wednesday, the House voted to repeal the CLASS Act, a part of the 2010 health care law designed to provide Americans with affordable long-term care insurance. The Community Living Assistance Services and Support program, better known as CLASS, was... ...»

Websites for Families and Elderly
It can be helpful for families and elderly to understand the physical and psychological changes that accompany aging. Nursing Homes Abuse Blog provides some helpful sites for elderly trying to deal with the process of aging. These websites discuss healthcare... ...»