Finance & Banking, Residential Real Estate, Wills, Trusts, & Estate Planning

Should You Consider Downsizing Before Retirement?

by Ronald Adams on 3/14/2013

That's not a simple question to answer, as you balance the benefits of a lower cost of living with the realities of a soft real estate market and the emotional aspects of selling the family home ...more

Wealth Management Update - November 2012

by Proskauer Rose LLP on 11/16/2012

In This Issue: - November Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - Keller v. United States, 5th Cir., No. 10-41311 (09/25/12) -...more

High Net Worth Family Tax Report, Vol. 7, No. 2, August 2012

by Loeb & Loeb LLP on 8/10/2012

Table of Contents: •Supreme Court Resolves Basis Overstatement Issue •Supreme Court Finds No Equal Protection Violation for City’s Forgiveness of Future Tax Obligations •Taxpayer Increases Basis of S...more

Elder Financial Abuse

by Jonathan Foxx on 7/23/2012

The Consumer Financial Protection Bureau is involved in providing financial protection against elder abuse; indeed, it is specifically tasked with that responsibility. The Bureau's Office of Older Americans is charged by the...more

Are REITS Investment Advisers?

by Allen Matkins Leck Gamble Mallory & Natsis... on 6/29/2012

A REIT is an acronym for Real Estate Investment Trust, although the term more properly refers to tax status than a specific entity type. For a variety of reasons, a REIT may involve several different types of entities. The...more

CFTC’s Expanded Jurisdiction Over Swaps May Capture Certain Real Estate Investment Trusts

by Skadden, Arps, Slate, Meagher & Flom LLP on 6/27/2012

As a result of the pending expansion of the jurisdiction of the Commodity Futures Trading Commission (CFTC) to include most swaps, some publicly traded real estate investment trusts (REITs) may soon be considered “commodity...more

Insight on Estate Planning - June/July 2012

by Adler Pollock & Sheehan P.C. on 5/31/2012

In This Issue: - Conditions favorable for gifts: High exemption amount and low tax rate make 2012 the year to transfer significant wealth - Keep family harmony when transferring a vacation home - Transfer...more

Inheriting a Home and Loan - New York Times

by Fein, Such, Kahn & Shepard, P.C. on 11/22/2011

A recent interview with New York Times reporter Vickie Elmer inspired my post "What Happens to the Mortgage when Property is Transferred to Beneficiaries at Death?". Vickie took some of my thoughts, and those of other...more

What Happens to the Mortgage when Property is Transferred to Beneficiaries at Death?

by Fein, Such, Kahn & Shepard, P.C. on 11/15/2011

Generally speaking, if you transfer a piece of real property subject to a mortgage to another person, that transfer violates the "due on sale" clause in your mortgage, essentially making the mortgage immediately due in full....more

Wealth Management Update -- September 2011

by Proskauer Rose LLP on 9/15/2011

IN THIS ISSUE: - IRS issues Notice 2011-76 Modifying Filing Due Date for Form 8939 and Automatic Extension Rule for Form 706 for Decedents Dying in 2010 - September Interest Rates for GRATs, Sales to Defective...more

Personal Planning Strategies -- September 2011

by Proskauer Rose LLP on 9/8/2011

IN THIS ISSUE: - Use It or Lose It - Increased Gift and GST Exemption Amounts Expire on 12/31/12 - Take Advantage of Low Interest Rates and Valuation Discounts - Creating a “GRAT”: Heads You Win, Tails...more

NEWSLETTER BARRO LAW FIRM - FAMILY GOVERNANCE CODES

by Cecile BARRO on 8/21/2011

Methodology of organizing succession and managing the family estate and immaterial property with an proactive management of conflicts...more

Los Angeles Targets Trustee to Clean-Up Housing Mess

by Reed Smith on 7/29/2011

The People of the State of California and The City of Los Angeles (collectively, the "Plaintiff") are seeking to hold Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, as trustee under hundreds of...more

BofA Settlement Information

by Lowenstein Sandler LLP on 7/1/2011

As you likely are aware, this past Wednesday (June 29th) Bank of America (BofA) announced an agreement to resolve nearly all of its repurchase and servicing exposure for legacy Countrywide-issued first-lien residential...more

Impact of Bankruptcy Filing by Beneficiary of Decedent's Estate by Ann Marie Maccarone and Deborah DiNardo, Esq.

by Partridge Snow & Hahn LLP on 3/29/2011

As we have previously reported, litigation related to decedents’ estates continues to be generated due to the increase in bankruptcy filings by beneficiaries. A recent Rhode Island Supreme Court case, In Re Edwin H....more

Potential Benefit of a Trust

by Raymond Kenney on 3/28/2011

Is a trust right for me? My answer invariably is: That depends on your personal situation. After our initial consultation you may decide that you have no need for a trust. Or, you may find that a revocable living trust...more

FinCEN: Elder Abuse - Red Flags

by Jonathan Foxx on 2/23/2011

On February 22, 2011, the Financial Crimes Enforcement Network (FinCEN) issued an advisory to assist the financial industry in reporting instances of financial exploitation of the elderly, a form of elder abuse. Financial...more

Are You Legally Healthy?

by Las Vegas, Personal Injury Lawyer, Howard... on 8/19/2009

Doctors recommend periodic checkups. Cars need regular exams. Is there a similar “checkup” for legal matters? Yes, a “legal checkup,” which is often called “preventive law.” Getting a legal checkup can keep you in good legal...more

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Finance & Banking › Residential Real Estate › Wills, Trusts, & Estate Planning