Wills, Trusts, & Estate Planning, Commercial Real Estate

High Net Worth Family Tax Report, Vol. 8, No. 2 -- May 2013

by Loeb & Loeb LLP on 5/18/2013

President’s fiscal year 2014 budget contains numerous tax provisions - President Barack Obama released his proposed budget for the government’s fiscal year 2014 on April 10, 2013, and, not surprisingly, the budget...more

Oil And Gas Law Insight: With Oil Reserves Estimate Doubled In Williston Basin, Opportunities For Growth Abound

by Jannelle Steger Combs | Leonard, Street and Deinard on 5/9/2013

The U.S. Geological Survey has doubled its previous estimate of the amount of recoverable oil within the Williston Basin to 7.4 billion barrels. While the Bakken formation is still a star in the play, the potential of the...more

Personal Use Of Corporate Property In A USRPI Holding Company Structure

by Charles (Chuck) Rubin on 4/1/2013

To insulate the ultimate individual owners from U.S. estate taxes, nonresident aliens often hold U.S. real property in a U.S. corporation, which corporation is owned by a foreign corporation. The foreign corporation is owned...more

Watch For Excess Proceeds Following A Trustee Sale

by Valerie Marciano | Jaburg Wilk on 3/27/2013

Believe it or not, Arizona land owners are seeing a change in the real estate landscape, perhaps only a slight change, but a change nonetheless. While Arizona law has not changed, marketplace improvement has triggered the...more

Using the Reg. S Exemption for Foreign Investors

by The California Securities Attorneys on 1/9/2013

Using Reg. S is useful when the issuer does not want to be limited by the restrictions of Rule 506. With a Rule 506 offering all investors must be either accredited or sophisticated, and there is a limit of 35 non-accredited...more

Using Finders to Locate Investors – Bruce E. Methven

by The California Securities Attorneys on 12/11/2012

A number of years ago the SEC effectively banned the use of finders to locate investors for securities offerings that cross state lines. Still, a few states allow finders for their intrastate offerings (offerings made...more

Public Advertising of California Qualification by Permit Offerings

by The California Securities Attorneys on 11/15/2012

Although it takes more time and effort than other types of offerings, a California qualification by permit (25113) offering has major advantages in terms of allowing public advertising and having low investor requirements. ...more

Next Conférence: "Les acteurs-clés des investissements immobiliers transfrontaliers"

by Cecile BARRO on 11/10/2012

AIJA/ ABA Seminar/ Key Players in Cross-Border Real Estate Investments: La conférence réunissant des experts internationaux, "Les acteurs-clés des investissements immobiliers transfrontaliers",...more

Commentary on October 24, 2012: Notice of Ways and Means Motion Relating to Tax Matters - Real Estate Investment Trusts

by Osler, Hoskin & Harcourt LLP on 11/5/2012

In a Notice of Ways and Means Motion tabled by the Minister of Finance on October 24, 2012 (the “NWMM”), there were a number of changes to the provisions of subsection 122.1 of the Income Tax Act (Canada) (the “Act”) dealing...more

New law gives Pennsylvania Inheritance Tax exemptions for family farms

by Saul Ewing LLP on 8/28/2012

A recent law enacted by the Pennsylvania Legislature will enable farmers to pass their family farms to future generations without having to pay Pennsylvania Inheritance Tax. With proper estate and tax planning, this law will...more

New Taxes to Take Effect in 2013

by Maureen O'Leary Guth on 6/8/2012

The following two new taxes will take effect on January 1, 2013: 1. Investment Income Tax - A new 3.8% tax on investment income, and 2. Earned Income Tax - A new 0.9% tax on earned income Both of these taxes are...more

Might the Trust, a Creature of English Equity, Actually be a Variant of the Waqf, an Ancient Islamic Legal Construct?

by Charles E. Rounds, Jr. on 6/1/2012

The English trust is a unique legal device whose origin has been the source of much debate among legal scholars. There are three theories concerning the origin of the English trust: the Roman, Germanic, and Islamic. Until the...more

E379 NJ Laws Email Newsletter

by Kenneth Vercammen, Esq. on 11/2/2011

E379 NJ Laws Newsletter...more

2011 Amendments to the New Jersey Bulk Sale Law and Their Application to Single- and Two-Family Residences

by Cole Schotz on 9/30/2011

On Wednesday, September 14, 2011, Governor Christie signed into law amendments to the New Jersey Bulk Sale Law. Enacted as chapter 124 of the Public Laws of 2011, these amendments narrow the scope of N.J.S.A. 54:50-38, signed...more

Reporting Of Interests In Mexico Fedeicomisos

by Charles (Chuck) Rubin on 9/29/2011

U.S. residents, and other nonresidents of Mexico, are restricted from owning certain real estate in Mexico. The Mexican Constitution prohibits foreigners from purchasing or owning real estate within 60 miles of an...more

PLR 201119003 No Gifts Triggered by Trust Transfers to Resolve Family Discord

by Matthew Erskine on 6/2/2011

Erskine Summary: The IRS has privately ruled that transactions between a marital trust and a decedent's children from his first marriage to resolve discord between his surviving spouse and her stepchildren over the management...more

Cyprus International Trust: tax-efficient estate and succession planning

by Cyprus Law Firm Anastasios Antoniou LLC on 6/1/2011

The Cyprus International Trust is an ideal structure for estate planning and asset protection at the maximum tax effectiveness. Our Firm ensures that our Clients can take advantage of the Cyprus International Trust and...more

Court Limits a 'Self-Settling Trust or Similar Device' to an Express Trust

by Duane Morris LLP on 5/24/2011

In In re Porco Inc., the Bankruptcy Court for the Southern District of Illinois in a March 30 opinion addressed an issue of apparent first impression: whether a resulting or constructive trust is a "self-settling trust or...more

Florida LLC Legislative Fixes for 2011

by Marc J. Soss on 5/15/2011

2010 brought a Florida Supreme Court decision that raised more LLC questions than it answered. The 2011 legislative changes brought answers to Florida lawyer questions....more

"You've got a friend" , The Friendly Side of the Social Network

by Daniel J. Homick on 4/9/2011

Join me at the American Bar Association (ABA) Section of Real Property, Trust and Estate Law's (RPTE) 22nd Spring Symposia in Washington DC on April 28, 2011 where we will discuss "The Positive Side of Social Media" - the...more

Other Recent PA Tax Developments

by McNees Wallace & Nurick LLC on 3/29/2011

Philadelphia Hotel Tax The Court of Common Pleas of Philadelphia County has upheld the Philadelphia Tax Review Board’s ruling that Expedia, an online vendor of discount hotel rooms, is not an “operator” of a hotel, and is...more

The Strong Firm - Strong Points Newsletter

by The Strong Firm P.C. on 3/1/2011

In this edition: Latest News: The latest in activities of the firm in the news and our community. Commercial Development Remains Strong in the Woodlands: The Woodlands area continues to defy the odds as commercial...more

2010 Tax Relief Act Will Change Estate and Gift Tax Laws, Preserve Lower Income Tax Rates and Provide Other Tax Incentives

by Akerman Senterfitt on 12/20/2010

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act). The 2010 Tax Relief Act extends Bush-era tax cuts for two...more