Finance & Banking – May 23, 2012

by Thomas J. Handler, J.D., P.C. 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 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 Jaburg Wilk on 5/9/2012

As higher education costs continue to escalate, parents or grandparents may look to different savings vehicles for their children’s college fund. The IRS, under section 529, provides parents with the opportunity for a higher...more

by Cole Schotz on 5/1/2012

The U.S. Supreme Court recently held that an overstatement of basis did not trigger the extended six-year statute of limitations assessment period under Internal Revenue Code Section 6501(e)(1)(A) (United States v. Home...more

by Snell & Wilmer L.L.P. on 4/25/2012

Originally published in Estate Planning Magazine (April 2012, Vol. 39/No. 4). In the journey of planning and administering estates and trusts that include assets in traditional individual retirement accounts (IRAs) and...more

by Sanford Millar on 4/24/2012

The Congressional Research Service (CRS) just published an analysis of the effect of extending the “Bush”tax cuts. Included in the expiring tax cuts are estate and gift tax rate cuts. If the tax cuts are allowed to expire...more

by Rowley Chapman Barney & Buntrock, Ltd. on 4/15/2012

The Arizona Court of Appeals recently held in the case In Re King, that even though the debts of the decedent were greater than her assets at death, the life insurance proceeds, payable to her trust created prior to her...more

by Proskauer Rose LLP on 4/3/2012

In This Issue: - April Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - Estate of Stone v. Comm'r, T.C. Memo 2012-48 (2/22/2012) - Chief...more