From David Handler of Kirkland & Ellis LLP, we have this update: A general power of appointment over a spouse's revocable trust uses unified credit. The Internal Revenue Service approved a method for spouses to fully...
Joan Kroc made history when her will gave the Salvation Army $1.5 billion the largest known donation to a charity in history. For the Salvation Army, the gift, which became known in January, came as a surprise, and...
We are pleased to announce that Trusts & Estates magazine now offers 15 years worth of archives on the Internet at trustsandestates.com. This database, searchable by key word, is available to subscribers who've signed...
We are pleased to announce that the magazine has newly-constituted committees on the fiduciary professions and on practice development. The new chair of the Fiduciary Professions Committee is Vernon M. Schreiner, in...
We have this report from the frontlines in Washington, D.C., by Donald D. Kozusko, a partner with Kozusko Lahey Harris LLP: The Uniform Trust Code may be coming soon to a location near you, so look closely at what it...
Trusts & Estates magazine turns 100 in 2004 and we'll be celebrating all year long. This month, we are proud to announce that T&E's archives are available, and searchable, on the Internet at www.trustsandestates.com...
Paul G. Marcotte, Jr., a partner in the Bethesda, Md. law firm of Paley, Rothman, Goldstein, Rosenberg, Eig & Cooper, Chtd., reports: On Nov. 7, the U.S. Tax Court rejected the government's latest attempt to use...
John T. Brooks of Foley & Lardner gives us this heads-up: Estate of Carter, 4 Cal. Rptr. 3d 490 (4th Dist., Sept. 5, 2003), a recent decision of first impression in California, tackles the question of whether an...
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have these updates on charitable giving: Supreme Court Denies Certiorari in Atkinson. On Oct. 14, the U.S. Supreme Court...
From David A. Handler of Kirkland & Ellis LLP, we have this update: Basis of Real Estate Acquired from Exercise of Option Stepped-Up. The will of a taxpayer's mother provided the taxpayer with an option to purchase...
