Wills, Trusts, & Estate Planning Updates – May 22, 2012

by Lawyers.com on 5/18/2012

Shannon Price, the ex-wife of the late actor Gary Coleman, is not entitled to any of his estate, a Utah judge ruled on Monday. Fourth District Judge James R. Taylor instead ruled in favor of Anna Gray, who worked as the...more

by Joseph Donegan on 5/18/2012

Avoiding the Most Common Missteps Retiring Business Owners Make By Joseph M. Donegan on May 16th, 2012 The way in which business owners plan their retirement is nearly as important as the strategies they used when...more

by Chandra Lantz on 5/17/2012

Generous gift and generation-skipping tax exemptions will expire on December 31, 2012. Now is the time to review your estate plan and consider making gifts that may carry significantly higher tax consequences in the years to...more

by Christine McKillip on 5/17/2012

The recent implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) requirements has significantly changed the Commodity Exchange Act (the “CEA”). As a result of these changes,...more

by Armstrong Teasdale LLP on 5/15/2012

As part of the Patient Protection and Affordable Care Act enacted in 2010, Section 1411 was added to the Internal Revenue Code. Beginning in 2013, this section imposes an additional tax on individuals and on trusts and...more

by McDermott Will & Emery on 5/14/2012

The U.S. Treasury Department recently issued proposed regulations interpreting sections of the Internal Revenue Code (the Code) commonly referred to as the Foreign Account Tax Compliance Act (FATCA). The proposed regulations,...more

by Frank Brunetti on 5/14/2012

Procrastination on Estate Planning Can Land A Small Business in Probate Court By Frank L. Brunetti on May 14th, 2012 Many business owners hope that the companies they have built will outlive them and help build a...more

by Sanford Millar on 5/14/2012

The headline news that a co-founder of Facebook has given up his U.S. citizenship to avoid income and estate tax may trigger a lot of interest in expatriation. Some people will read the news of the expatriation of Mr. Sevarin...more