Bryan Camp has published an article on the TaxProf Blog, titled "Lesson From The Tax Court: How To Tell When Land Is Held As A Capital Asset", which discusses William E. Musselwhite Jr. and Melissa Musselwhite v. Commissioner, T.C. Memo. 2022-57 (June 8, 2022) (Judge Ashford). The article begins as follows: When a taxpayer buys … Continue reading TaxProf Blog – Lesson From The Tax Court: How To Tell When Land Is Held As A Capital Asset (June 21, 2022)
Category: Asset Protection
Johan David Michels, Sharon Hartung, & Christopher Millard: Digital Assets: A Call To Action (September 21, 2021)
Johan David Michels, Sharon Hartung, and Christopher Millard, of Queen Mary University of London - School of Law an another affiliation not provided, have made available for download their article, "Digital Assets: A Call To Action", published in SSRN. The abstract is as follows: Digital assets - such as social media accounts, emails, crypto-assets and … Continue reading Johan David Michels, Sharon Hartung, & Christopher Millard: Digital Assets: A Call To Action (September 21, 2021)
Robert Harper: Surrogate’s Court Provides Guidance On Proving The Validity Of A Remotely Witnessed Will (March 7, 2022)
Robert Harper, of Farewell Fritz Attorneys, has made available for download his article, "Surrogate's Court Provides Guidance On Proving The Validity of A Remotely Witnessed Will", published on the New York State Litigation Blog. The abstract is as follows: In January 2021, I wrote about Broome County Surrogate David H. Guy’s decision in Matter of Ryan, in … Continue reading Robert Harper: Surrogate’s Court Provides Guidance On Proving The Validity Of A Remotely Witnessed Will (March 7, 2022)
McDermott, Will & Emery: The Cryptocurrency Industry Breaths a Sigh of Relief Following President Biden’s Executive Order (March 10, 2022)
Alexandra C. Scheibe, Joseph B. Evans, and Rachel Rosen, of McDermott, Will & Emery, have made available for download their article, "The Cryptocurrency Industry Breaths a Sigh of Relief Following President Biden's Executive Order." The abstract is as follows: On March 9, 2022, US President Joe Biden signed an unprecedented executive order directing federal agencies … Continue reading McDermott, Will & Emery: The Cryptocurrency Industry Breaths a Sigh of Relief Following President Biden’s Executive Order (March 10, 2022)
Forbes: Is Your California IRA Protected From Creditors? Probably Not. (February 7, 2022)
Forbes has published an article: "Is Your California IRA Protected From Creditors? Probably Not", which discusses Individual Retirement Accounts (IRAs) and whether or not they are protected from creditors in the state of California. The article begins as follows: A lot of folks in California, including probably a majority of professional legal and financial advisors, … Continue reading Forbes: Is Your California IRA Protected From Creditors? Probably Not. (February 7, 2022)
Exchanges at Goldman Sachs: What’s Ahead for the Housing Market (February 8, 2022)
Exchanges at Goldman Sachs has released its latest podcast discussing the outlook of the housing market in 2022. The summary is as follows: In the latest episode of Exchanges at Goldman Sachs, Toll Brothers CEO and Chairman Doug Yearley and Terry Hagerty, Goldman Sachs’ co-head of Homebuilding and Building Products, discuss the outlook for the … Continue reading Exchanges at Goldman Sachs: What’s Ahead for the Housing Market (February 8, 2022)
Florida Probate & Trust Litigation Blog: If a married couple take title to their home jointly, does it have to say anything else to trigger the tenancy by the entireties (TBE) presumption? (January 31, 2022)
Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses married couple taking title to their homes and its relation to tenancy by the entireties presumption. The article begins as follows: Married couples take title to their homes in joint deeds all the time. The vast majority of these deeds are simple form … Continue reading Florida Probate & Trust Litigation Blog: If a married couple take title to their home jointly, does it have to say anything else to trigger the tenancy by the entireties (TBE) presumption? (January 31, 2022)
Cleveland Clinton: Can Executors Keep Secrets From Beneficiaries? (January 27, 2022)
Cleveland Clinton, of Gray Reed, has made available for download his article, “Can Executors Keep Secrets From Beneficiaries?"”, published in JDSUPRA. The abstract is as follows: Following the untimely death last year of his father Big Daddy Bux due to COVID-19, brother Hustler Bux was appointed independent executor of Big Daddy’s Will. When Hustler asked … Continue reading Cleveland Clinton: Can Executors Keep Secrets From Beneficiaries? (January 27, 2022)
ProPublica: These Real Estate and Oil Tycoons Avoided Paying Taxes for Years (December 7, 2021)
Jeff Ernsthausen, Paul Kiel, and Jesse Eisinger have published their article, “These Real Estate and Oil Tycoons Avoided Paying Taxes for Years.” The abstract is as follows: Here’s a tale of two Stephen Rosses.Real life Stephen Ross, who founded Related Companies, a global firm best known for developing the Time Warner Center and Hudson Yards in Manhattan, was a … Continue reading ProPublica: These Real Estate and Oil Tycoons Avoided Paying Taxes for Years (December 7, 2021)
Forbes: Lawyer, Law Firm and Bank Exposed to Civil RICO and Other Liability for Assisting a Debtor Post-Claim in Kruse (November 24, 2021)
Forbes has published an article, "Lawyer, Law Firm and Bank Exposed to Civil RICO and Other Liability for Assisting a Debtor Post-Claim in Kruse”, which discusses certain types of asset protection planning that can cause sever consequences to the debtor. The article begins as follows: As I have explained many times, when there is planning … Continue reading Forbes: Lawyer, Law Firm and Bank Exposed to Civil RICO and Other Liability for Assisting a Debtor Post-Claim in Kruse (November 24, 2021)
Forbes: Investigation: How Billionaires Park Vast Wealth In Tiny, Tax-Light Luxembourg (November 8, 2021)
Forbes has published an article, “Investigation: How Billionaires Park Vast Wealth In Tiny, Tax-Light Luxembourg”, which discusses how some of the world's wealthiest have hidden billions of dollars in European holding companies. The article begins as follows: In August, French mogul Bernard Arnault—the world’s third-richest person and the chairman of luxury conglomerate LVMH—sold his 5.5% stake in … Continue reading Forbes: Investigation: How Billionaires Park Vast Wealth In Tiny, Tax-Light Luxembourg (November 8, 2021)
Derek Tharp (Kites.com & University of Southern Maine): Using Asset-Map To Develop A (Gestalt) Visualization Of The Holistic Financial Plan (October 25, 2021)
Derek Tharp, of Kites.com and the University of Southern Maine, has made available for download his article, "Using Asset-Map To Develop A (Gestalt) Visualization Of The Holistic Financial Plan," published in Kites.com. The abstract is as follows: When preparing comprehensive financial plans, financial advisors must consider their clients’ entire financial situation, which consists of a … Continue reading Derek Tharp (Kites.com & University of Southern Maine): Using Asset-Map To Develop A (Gestalt) Visualization Of The Holistic Financial Plan (October 25, 2021)
Forbes: Residence Under Water Due to Liens Not an Asset That Could be Fraudulently Transferred in Tootian (October 21, 2021)
Forbes has published an article, “Residence Under Water Due to Liens Not an Asset That Could be Fraudulently Transferred in Tootian”, which discusses how underground transactions are being used to stop creditors from taking properties. The article begins as follows: Sometimes debtors will engage in a lot of shady transactions to save a property, but … Continue reading Forbes: Residence Under Water Due to Liens Not an Asset That Could be Fraudulently Transferred in Tootian (October 21, 2021)
NY Times: The City of London Is Hiding the World’s Stolen Money (October 11, 2021)
Nicholas Shaxson in his New York Times article, discusses the Pandora Papers and how it has exposed Britain’s role in money laundering. His article, “The City of London Is Hiding the World's Stolen Money”, begins as follows: In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, … Continue reading NY Times: The City of London Is Hiding the World’s Stolen Money (October 11, 2021)
Tiffany Brentley (Burns & Levinson LLP): Altering Estate Plans Before or After Divorce (September 30, 2021)
Tiffany Brentley of Burns & Levinson LLP, has made available for download her article, "Altering Estate Plans Before or After Divorce," published in JDSUPRA. The article begins as follows: In the early stages of this blog, I reviewed and discussed several ways that we could “Learn from Famous Mistakes,” such as failing to update an estate … Continue reading Tiffany Brentley (Burns & Levinson LLP): Altering Estate Plans Before or After Divorce (September 30, 2021)
CNBC: Nearly 70% of millionaires are worried about leaving ‘too much’ money to their kids, survey finds (September 19, 2021)
CNBC has published an article, “Nearly 70% of millionaires are worried about leaving 'too much' money to their kids, survey finds", which discusses concerns held by several high income individuals over how their money will be used when passed down to their children. The article begins as follows: Wealthy celebrities like Daniel Craig and entrepreneurs like Warren Buffett and Kevin … Continue reading CNBC: Nearly 70% of millionaires are worried about leaving ‘too much’ money to their kids, survey finds (September 19, 2021)
Sheppard, Mullin, Richter, & Hampton LLP: Possible Changes to Estate and Gift Tax Law (September 24, 2021)
Sheppard, Mullin, Richter, & Hampton LLP has made available for download their article, “Asset Basis and the Future of the Federal Estate Tax”, published in JDSUPRA. The abstract is as follows: Last week the House Ways and Means Committee released a draft of proposed tax law changes to include in a reconciliation bill. While it … Continue reading Sheppard, Mullin, Richter, & Hampton LLP: Possible Changes to Estate and Gift Tax Law (September 24, 2021)
Beth DeCarbo (Wall Street Journal): The Biggest Mistakes Home Buyers and Sellers Make (September 18, 2021)
Beth DeCarbo has made available for download her article, “The Biggest Mistakes Home Buyers and Sellers Make”, published in the Wall Street Journal. The article begins as follows: When people say they “fell in love with a house,” they would do well to remember another common saying: Love is blind.Overcome by strong emotions, potential buyers … Continue reading Beth DeCarbo (Wall Street Journal): The Biggest Mistakes Home Buyers and Sellers Make (September 18, 2021)
Casey Dorman Lawson: Asset Basis and the Future of the Federal Estate Tax (August 18, 2021)
Casey Dorman Lawson, of Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C., has made available for download her article, “Asset Basis and the Future of the Federal Estate Tax”, published in JDSUPRA. The abstract is as follows: The federal estate tax is often a topic of conversation especially in regards to the tax rate and the … Continue reading Casey Dorman Lawson: Asset Basis and the Future of the Federal Estate Tax (August 18, 2021)
Jenna Fruechtenicht Butler (Ward and Smith, P.A.): Preventing Trust and Estate Disputes (August 13, 2021)
Jenna Fruechtenicht Butler, of ([Ward and Smith, P.A.), has made available for download her article, Preventing Trust and Estate Disputes, published in JDSUPRA. The abstract is as follows: The death of a loved one should be a time for a family to come together. As a trust and estate litigator, unfortunately, I often see families fall … Continue reading Jenna Fruechtenicht Butler (Ward and Smith, P.A.): Preventing Trust and Estate Disputes (August 13, 2021)
Wealth Strategies Journal 