David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., show just what it takes for a charity to get more time from the Internal Revenue Service to sell an excess business holding: In two...
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have this update: IRS approves donor control of investments. In a private letter ruling that was issued but not published...
Gideon Rothschild, partner in New York's Moses & Singer LLP, reports: Oklahoma and Missouri have passed asset protection trust legislation bringing to seven the states allowing settlors to create trusts for their own...
To great fanfare, the government recently indicted seven leaders of the largest Muslim charity in the United States, the Holy Land Foundation for Relief and Development, for allegedly supporting terrorism. But, while...
Intensifying the spotlight on charities, the Internal Revenue Service announced Aug. 10 that it intends to scrutinize executive compensation at some 2,000 charities and foundations. Earlier this summer, the IRS made...
From David Handler, in the Chicago office of Kirkland & Ellis LLP, we have this update, including his report on the Revenue Ruling that has the estate-planning world buzzing 2004-64: Grantor trusts do not cause...
Sarbanes-Oxley mania is hitting the charity world. The government is considering a myriad of measures to make nonprofits more accountable. Industry observers say it's not a question of whether the government will...
Here are reports on two of the items featured on Trusts & Estates covers: On the November 2003 cover: Maria Altmann's suit to recover six paintings from the state-owned Austrian Gallery can go forward in a U.S...
Atrio of recently released surveys suggests that estate planners are probably going to be chasing after the same clients those with $30 million and more. People with $5 million or less are less likely to be receptive...
At first glance, the media reports that Estee Lauder's children were selling stock to raise $550 million for taxes, seem shocking. To owe that much in estate taxes means the estate was worth about $1 billion and...
