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
Tax & Estates Department Alert - Important Income Tax Opportunities Under the 2010 Tax Relief Act by Fox Rothschild on 4/11/2011 The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the 2010 Act) provides, among other things, a number of important income tax extensions and changes that offer relatively short-lived...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
Powers of Attorney in Florida by Gary Kaleita on 10/29/2010 Discusses the basics of the types and uses of Powers of Attorney in Florida...more
Vietnam Update - Residential Housing Development Decree by Quynh Pham on 10/26/2010 Please find below the recent Client Alert on the 'Residential Housing Development Decree'...more
McNees Insights-Asset Planning and Federal Taxation- Fall 2010 by McNees Wallace & Nurick LLC on 9/15/2010 IN THIS ISSUE: What is Happening with the Federal Estate Tax?- Estate Planning and Marcellus Shale- Using IRA Proceeds to Invest in Real Estate and Other Alternative Investment Vehicles. Please see full newsletter below...more