The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until August 31 to rollover or repay the distribution to avoid paying taxes. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives RMDs during 2020 for … Continue reading IRS IR-2020-187 (Aug. 25, 2020): Reminder to Taxpayers- deadline to return distributions to retirement accounts is Aug. 31
David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses In re McCown. In In re McCown, a county court had a contested probate matter, and a party filed a motion to assign a statutory probate judge and another party filed a motion to transfer the case to a district court. No. 10-20-00128-CV, 2020 Tex. App. LEXIS 6276 … Continue reading Texas Fiduciary Litigator: Court Granted Mandamus Relief To Reverse A Probate Court’s Order Transferring A Case To A District Court (August 23, 2020)
Is Your Organization Ready for Permanent WFH? By Maxim Sytch, Lindred L. Greer Some jobs just don’t require an office. CAREER PLANNING How to Reimagine the Second Half of Your Career by Jeff Gothelf You’re not done growing. LEADERSHIP Without Compassion, Resilient Leaders Will Fall Short by Carol Kauffman Don’t lash out at employees who aren’t as cool under … Continue reading HBR Hotlist (Aug. 24, 2020): Is your org ready for permanent WFH?; The 2nd Half of Your Career; and More!
David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Hampton v. Equity Trust Co. In Hampton v. Equity Trust Co., an individual sold fraudulent investments to the plaintiff. No. 03-19-00401-CV, 2020 Tex. App. LEXIS 5674 (Tex. App.—Austin July 23, 2020, no pet.). The individual ran a Ponzi scheme and had recommended that the plaintiff open a retirement account … Continue reading Texas Fiduciary Litigator: A Rose By Any Other Name Would Not Smell As Sweet: Court Holds That Texas Does Not Have An Aiding And Abetting Breach Of Fiduciary Duty Claim (August 13, 2020)
Paul Sullivan's weekly New York Times Wealth Matters column focuses on teaching girls financial literacy. His article, Helping Girls Step Up to Entrepreneurship, begins as follows: Neha Shukla started a Girls With Impact program in April and by June had a prototype for her invention — a hat that aids in social distancing.Marcus Smith for … Continue reading Paul Sullivan, Wealth Matters, NY Times (August 14, 2020): Helping Girls Step Up to Entrepreneurship
Holland & Knight's Private Wealth Services Group and Public Policy & Regulation Groupare presenting a three-part series of virtual discussions on private wealth and politics. Our attorneys from a wide array of professional experiences will discuss information via a trio of webinars tailored for ultra-high-net-worth (UHNW) clients, family office administrators and their advisors. Topics include "What Do Changes … Continue reading HK: Private Wealth & Politics 2020 for High Net Worth Individuals
David Fowler Johnson , in his Texas Fiduciary Litigator Blog, discusses Katz v. Intel Pharma. In Katz v. Intel Pharma, LLC, a minority member of a limited liability company sued a former manager for breach of fiduciary duty in a derivative action. No. H-18-1347, 2020 U.S. Dist. LEXIS 120389 (S.D. Tex. July 9, 2020). The defendant filed a motion … Continue reading Texas Fiduciary Litigator: Court Held That Manager Owed Limited Liability Company Fiduciary Duties And That A Derivative Action Could Still Be Pursued After The Company Dissolved (August 13, 2020)
To register for this program, click here. FeaturingJonathan BlattmachrSenior Advisor at Pioneer Wealth Partners & Leading Estate Tax Lawyer discussing How To Reclaim the Stretch for IRAs andPlans Notwithstanding the SECURE Act & Laura MandelSenior Vice President and Chief Fiduciary Officerat The Northern Trust Company Pamela LucinaExecutive Vice President, Chief Fiduciary Officer, Head of Trust … Continue reading August 19, 2020: Free Webinar: Jonathan Blattmachr on SECURE Act Planning and Laura Mandel, Pamela Lucina & Logan Winn (Northern Trust) on the Impact of COVID-19 on Trustee Duties
William G. Gale, Christopher Pulliam, John Sabelhaus, and Isabel V. Sawhill, of The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, the Center on Children and Families, Washington Center for Equitable Growth, and also the Center on Children and Families respectively, have made available for download their article, Taxing Wealth Transfers Through an … Continue reading William G. Gale, Christopher Pulliam, John Sabelhaus, and Isabel V. Sawhill: Taxing Wealth Transfers Through an Expanded Estate Tax (August 4, 2020)
R&D tax credits: A valuable cash infusion for businesses By Karen J. Koch, CPA In these uncertain economic times when almost every business is struggling, it's time to take another look at these beneficial credits, which many businesses may not realize they can take. AICPA continues to ask Congress to include PPP deductibility in upcoming … Continue reading AICPA Tax Insider (Aug. 13, 2020): AICPA Asks for PPP Deducibility; Professional Responsibility in Virtual Age; and More!
LISI WEEKLY DIGEST [Subscription Required] Steve Leimberg's Estate Planning Newsletter· August 7 -Steve Leimberg - Review of Planning for Ownership and Inheritance of Pension and IRA Accounts and Benefits in Trust or Otherwise After the Secure Act: The Estate Planner's IRA/Pension Planning Guide· August 6 -Michael Geeraerts & Jim Magner on the Bolles and Kroner Cases - Is … Continue reading Leimberg Weekly Digest: August 1-8, 2020
Ethan J. Leib and Andrew Kent, of Fordham University School of Law, have made available for download their article, Fiduciary Law and the Law of Public Office: Suggestions for a Research Agenda, published in William & Mary Law Review, Forthcoming and Fordham Law Legal Studies Research Paper No. 3654506. The abstract is as followed: A … Continue reading Ethan J. Leib and Andrew Kent: Fiduciary Law and the Law of Public Office: Suggestions for a Research Agenda (July 17, 2020)
Bloomberg Tax has released a free report comparing Trump and Biden's tax plans, side by side. The summary is below: The question of who will become president poses a lot of “what ifs” for tax professionals and their clients. This complimentary report, Trump, Biden Tax Plan Comparison, will help you take the guesswork out of your … Continue reading Bloomberg Tax: Trump’s and Biden’s tax plans – side by side (Aug. 11, 2020)
David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Ramirez v. Rodriguez. In Ramirez v. Rodriguez, three co-trustees sued a fourth trustee to have him removed due to his hostile actions: he "has engaged in a pattern of creating hostility and friction that impedes and/or affects the operations of the trust.” No. 04-19-00618-CV, 2020 Tex. App. LEXIS 1340 … Continue reading Texas Fiduciary Litigator: Co-Trustees Can Sue To Remove A Co-Trustee Due To Hostility (July 25, 2020)
Adam J. Hirsch, of University of San Diego, has made available for download his article, Waking the Dead: An Empirical Analysis of Revival of Wills, published in the UC Davis Law Review, Vol. 53, No. 5, 2020 and San Diego Legal Studies Paper No. 20-462. The abstract is as followed: The problem of revival arises … Continue reading Adam J. Hirsch, Waking the Dead: An Empirical Analysis of Revival of Wills (June 5, 2020)
Lad Boyle, Howard M. Zaritsky, and Ryan Wallace, of University of South Carolina - School of Law and Sojourner, Caughman & Thomas, LLC, have made available for download their article, The Uniform Basis Rules and Terminating Interests in Trusts Early, published in 55 Real Property, Trust, and Estate Law Journal 1. The abstract is as followed: The resolution of income tax issues … Continue reading Lad Boyle, Howard M. Zaritsky, and Ryan Wallace: The Uniform Basis Rules and Terminating Interests in Trusts Early (Spring 2020)
David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Gill v. Grewal. In Gill v. Grewal, the suit arose out of a failed business venture between old college friends. No. 4:14-CV-2502, 2020 U.S. Dist. LEXIS 104461 (S. D. Tex. June 15, 2020). Gill and Grewal attended college together in the late 1960s. After falling … Continue reading Texas Fiduciary Litigator: Old College Friends Do Not Generally Owe Fiduciary Duties To Each Other (July 25, 2020)
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Associate Editor David Brito is a third year student at the McIntire School of Commerce at the University of Virginia, where he is majoring in Commerce with a concentration in Finance and Management with a track in Global Commerce. David joined the Journal as Associate Editor in 2020.
Peter B. Allport and Nicole K. Mann, of McDermott Will & Emery, have made available for download their article, Divergence Among States in Enforcement of In Terrorem Clauses in Wills And Trusts, published in McDermott Will & Emery blog page. The abstract is as follows: Recent decisions in California and Mississippi illustrate the divergence among … Continue reading Peter B. Allport & Nicole K. Mann (McDermott Will): Divergence Among States in Enforcement of In Terrorem Clauses in Wills And Trusts (August 4, 2020)