ADMINISTERING CHARITYADMINISTERING CHARITY
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have these updates on charitable giving: Supreme Court Denies Certiorari in Atkinson. On Oct. 14, the U.S. Supreme Court denied review of Atkinson v. Commissioner, 309 F.3d 1290 (11th Cir. Oct. 16, 2002), rehearing denied 61 Fed. Appx. 673, 2003 WL 346973 (11th Cir. Feb. 3, 2003), cert. denied 2003 WL 21696224
December 1, 2003
Rorie M. Sherman Editor in Chief
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have these updates on charitable giving:
Supreme Court Denies Certiorari in Atkinson. On Oct. 14, the U.S. Supreme Court denied review of Atkinson v. Commissioner, 309 F.3d 1290 (11th Cir. Oct. 16, 2002), rehearing denied 61 Fed. Appx. 673, 2003 WL 346973 (11th Cir. Feb. 3, 2003), cert. denied 2003 WL 21696224 (U.S. Oct. 14, 2003). Atkinson disqualified a charitable remainder trust because its trustees failed to make the required annuity payments to the donor for several years and improperly paid estate taxes from the trust property. The case highlights the importance of proper administration of charitable remainde...
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