February 11, 2023 - Nicholas Ward Jonathan H. Choi and Ariel Jurow Kleiman of University of Minnesota Law School and Loyola Law School Los Angeles, respectively, have made available for download their article "Subjective Costs of Tax Compliance." The abstract is as follows: This Article introduces and estimates “subjective costs” of tax compliance, which are … Continue reading Jonathan H. Choi and Ariel Jurow Kleiman: Subjective Costs of Tax Compliance (February 1, 2023)
Charles E. Rounds, Jr. (Suffolk University Law School): Limited Liability in Trust Context: A Black-Letter Synopsis(February 5, 2023)
Charles E. Rounds, Jr., of (Suffolk University Law School), has made available for download his article, Limited Liability in Trust Context: A Black-Letter Synopsis, published in JDSUPRA. The abstract is as follows: As to the parties to a trust relationship, there are two categories of limited liability apropos trust administration: internal and external. Fiduciary liabilities … Continue reading Charles E. Rounds, Jr. (Suffolk University Law School): Limited Liability in Trust Context: A Black-Letter Synopsis(February 5, 2023)
David L.J.M. Skidmore (Warner Norcross + Judd): Appointment of a Guardian Does Not Mean That the Ward Automatically Lacks Testamentary Capacity (February 3, 2023)
David L.J.M. Skidmore, of Warner Norcross + Judd, has made available for download his article, Appointment of a Guardian Does Not Mean That the Ward Automatically Lacks Testamentary Capacity, published in JDSUPRA. The abstract is as follows: People frequently assume that a person for whom a guardian/conservator is appointed automatically loses the right to engage … Continue reading David L.J.M. Skidmore (Warner Norcross + Judd): Appointment of a Guardian Does Not Mean That the Ward Automatically Lacks Testamentary Capacity (February 3, 2023)
The Fiduciary Litigator: Court Granted Mandamus Relief To Order District Court To Abate Trust Dispute Due To Earlier Filed Suit In Probate Court (January 30, 2023)
David Fowler Johnson, in his The Fiduciary Litigator Blog, has made available for download his article, “Court Granted Mandamus Relief To Order District Court To Abate Trust Dispute Due To Earlier Filed Suit In Probate Court.” The article begins as follows: In In re McGowan, a dispute arose regarding whether certain interests in real property … Continue reading The Fiduciary Litigator: Court Granted Mandamus Relief To Order District Court To Abate Trust Dispute Due To Earlier Filed Suit In Probate Court (January 30, 2023)
Fidelity Charitable: Developing Story: Secure Act 2.0 Retirement Provisions
Fidelity Charitable has made available for download their article, “Developing Story: Secure Act 2.0 Retirement Provisions.” The abstract and key points are as follows: On December 29, 2022, the president signed into law the 2023 omnibus appropriations bill. The bill contains Secure Act 2.0 retirement provisions and an expansion of the rules for qualified charitable … Continue reading Fidelity Charitable: Developing Story: Secure Act 2.0 Retirement Provisions
Forbes: State Experimentation With Wealth Taxes (January 31, 2023)
Forbes has published an article, “State Experimentation With Wealth Taxes,” which discusses the future of a federal wealth tax in tax policy. The article begins as follows: The idea of a wealth tax as a panacea for budgetary shortfalls at the federal and state levels has been around since at least the 1930s. Recently, using … Continue reading Forbes: State Experimentation With Wealth Taxes (January 31, 2023)
Tiffany Bentley & Noelle Lussier (Burns & Levinson LLP): Trustee Removal: MUTC v. Trust Document (January 31, 2023)
Tiffany Bentley and Noelle Lussier, of Burns & Levinson LLP, have made available for download their article, “Trustee Removal: MUTC v. Trust Document,” published in JDSUPRA. The abstract is as follows: Just because a trustee was named in a trust document does not necessarily mean they will continue to serve perpetually. Many trust instruments include … Continue reading Tiffany Bentley & Noelle Lussier (Burns & Levinson LLP): Trustee Removal: MUTC v. Trust Document (January 31, 2023)
TaxProf Blog – Lesson From The Tax Court: The Tax Court Is Not Your Advocate (February 6, 2023)
February 6, 2023-Nicholas Ward Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: The Tax Court Is Not Your Advocate" which discusses Robert B. Lucas v. Commissioner. The article begins asfollows: Today I present two lessons. First, we learn why diabetes is not a per se disability sufficient to avoid penalties … Continue reading TaxProf Blog – Lesson From The Tax Court: The Tax Court Is Not Your Advocate (February 6, 2023)
Nina Olson (Procedurally Taxing): Racial Disparities in IRS Audits (January 31, 2023)
Nina Olson, Executive Director of the Center for Taxpayer Rights, has made available for download her article, “Racial Disparities in IRS Audits,” published in the Procedurally Taxing blog. The abstract is as follows: Following up on Les’ post yesterday about the upcoming symposium on race and taxes, I want to draw our readers attention to … Continue reading Nina Olson (Procedurally Taxing): Racial Disparities in IRS Audits (January 31, 2023)
Kitces: From So Many Clients To So Few: Transitioning From Retail Brokerage To The Multi-Family Office, With Ali Swart (January 31, 2023)
Kitces has made available for download theri article, “From So Many Clients To So Few: Transitioning From Retail Brokerage To The Multi-Family Office, With Ali Swart,” published on Kitces. The Executive Summary is as follows: Welcome back to the 318th episode of the Financial Advisor Success Podcast! My guest on today's podcast is Ali Swart. … Continue reading Kitces: From So Many Clients To So Few: Transitioning From Retail Brokerage To The Multi-Family Office, With Ali Swart (January 31, 2023)
The Tax Adviser: New online portal available for businesses to file Forms 1099 (January 25, 2023)
The Tax Adviser has published an article, “New online portal available for businesses to file Forms 1099,” which discusses The Information Returns Intake System or “IRIS”, an online portal available for submitting Forms 1099. The article begins as follows: A new online portal where businesses can file Form 1099 series information returns for free is … Continue reading The Tax Adviser: New online portal available for businesses to file Forms 1099 (January 25, 2023)
Susan Friedman (Kohrman Jackson & Krantz LLP): The Risks of DIY Estate Planning (February 3, 2023)
February 5, 2023-Nicholas Ward Susan Friedman, of Kohrman Jackson & Krantz LLP, has made available for download her article, "The Risks of DIY Estate Planning," published in JDSUPRA. The abstract is as follows: The other day, my hot water tank broke. At first, I just thought the pilot light went out. I was easily able … Continue reading Susan Friedman (Kohrman Jackson & Krantz LLP): The Risks of DIY Estate Planning (February 3, 2023)
Joshua Bearce, Charles Jacob III, et al. (Goulston & Storrs PC): Probate & Fiduciary Litigation Newsletter – February 2023 (January 31, 2023)
February 2, 2023-Nicholas Ward Joshua Bearce, Charles Jacob III, et al. of Goulston and Storrs PC , have made available for download their article "Probate & Fiduciary Litigation Newsletter - February 2023," published in JDSUPRA. The abstract is as follows: This newsletter is intended to keep readers informed about developments in probate and fiduciary litigation … Continue reading Joshua Bearce, Charles Jacob III, et al. (Goulston & Storrs PC): Probate & Fiduciary Litigation Newsletter – February 2023 (January 31, 2023)
Bryan K. Clontz, Ph.D.: Qualified Noncash Charitable Appraisals: Crossing T’s And Dotting I’s (January 31, 2023)
February 2, 2023-Nicholas Ward Bryan K. Clontz, of Forbes, has made available for download his article, “Qualified Noncash Charitable Appraisals: Crossing T’s And Dotting I’s,” published in Forbes. The abstract is as follows: If you’re claiming an income tax deduction for a contribution to charity of a capital asset worth more than $5k, other than publicly-traded securities, … Continue reading Bryan K. Clontz, Ph.D.: Qualified Noncash Charitable Appraisals: Crossing T’s And Dotting I’s (January 31, 2023)
Bryan K. Clontz, Ph.D.: Charitable Gift Annuity Planning Opportunities Under Rising Interest Rates (January 31, 2023)
February 2, 2023-Nicholas Ward Bryan K. Clontz of Forbes, has made available for download his article, "Charitable Gift Annuity Planning Opportunities Under Rising Interest Rates," published in Forbes. The abstract is as follows: Recent rising interest rates and longer table life expectancies will shift values as between "income" and remainder interests in split interest trusts … Continue reading Bryan K. Clontz, Ph.D.: Charitable Gift Annuity Planning Opportunities Under Rising Interest Rates (January 31, 2023)
Yair Listokin and John Morley: A Survey of Preferences for Estate Distribution at Death Part 2: Children and Other Beneficiaries. (January 20, 2023)
February 2, 2023-Nicholas Ward Yair Listokin and John Morley, of Yale Law School, have made available for download their article, "A Survey of Preferences for Estate Distribution at Death Part 2: Children and Other Beneficiaries," published in the Yale Law School, Law, Economics & Public Policy Research Paper Series. The abstract is as follows. This … Continue reading Yair Listokin and John Morley: A Survey of Preferences for Estate Distribution at Death Part 2: Children and Other Beneficiaries. (January 20, 2023)
Howard Gleckman and Steve Rosenthal: Tax Cheats, Dodgers, Avoiders, And Evaders (January 27, 2023)
February 2, 2023- Nicholas Ward Howard Gleckman and Steven Rosenthal of Forbes, have made available for downloadtheir article, "Tax Cheats, Dodgers, Avoiders And Evaders," published in Forbes. The abstract is as follows: The news is filled with stories about conflicts between taxpayers and tax collectors. Just a few weeks ago a New York jury convicted … Continue reading Howard Gleckman and Steve Rosenthal: Tax Cheats, Dodgers, Avoiders, And Evaders (January 27, 2023)
Court Affirms Judgment In Divorce Proceeding That Property Was Community Even Though It Was Purchased With Trust Assets (January 30, 2023)
February 2, 2023-Nicholas Ward David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Leggio vs. Florian In Leggio v. Florian, the trial court awarded three real estate properties to the wife over an allegation by the husband that all of the properties were his separate property. No. 14-21-00168-CV, 2022 Tex. App. LEXIS 5563 (Tex. App.—Houston … Continue reading Court Affirms Judgment In Divorce Proceeding That Property Was Community Even Though It Was Purchased With Trust Assets (January 30, 2023)
Richard L. Kaplan: The Declining Appeal of Inherited Retirement Accounts (January 12, 2023)
Richard L. Kaplan, of University of Illinois College of Law, has made available for download his article, The Declining Appeal of Inherited Retirement Accounts, published in the Virginia Tax Review. The abstract is as follows: As retirement accounts proliferate and grow in value, American retirees are increasingly leaving substantial balances in these accounts to their … Continue reading Richard L. Kaplan: The Declining Appeal of Inherited Retirement Accounts (January 12, 2023)
David Fowler Johnson(Winstead PC): Court Granted Mandamus Relief To Order District Court To Abate Trust Dispute Due To Earlier Filed Suit In Probate Court (January 31, 2023)
David Fowler Johnson, of (Winstead PC), has made available fordownload his article, Court Granted Mandamus Relief To Order District Court To Abate Trust Dispute Due To Earlier Filed Suit In Probate Court, published in JDSUPRA. The abstract is as follows: In In re McGowan, a dispute arose regarding whether certain interests in real property were funded … Continue reading David Fowler Johnson(Winstead PC): Court Granted Mandamus Relief To Order District Court To Abate Trust Dispute Due To Earlier Filed Suit In Probate Court (January 31, 2023)
Wealth Strategies Journal 