Settlement Agreements: Avoiding a Real Property Tax Reassessment
In the abundance of caution, prior to taking action, the trustee should seek the court’s approval of the settlement agreement. Although a trustee can obtain written consent of all beneficiaries of the trust, court approval provides the best protection.Read Article
The Spin on Corporate Spin Offs
A corporate spin-off may be a tax-free solution for Albert and Bertram. Celestial Builders would form a subsidiary corporation, Diablo Holdings, Inc. that would also elect S Corporation status.Read Article
Divorce & Taxes
In short, only one of the parties to a divorce can continue to claim the child as a dependent on their tax return and be identified as the “custodial parent” for tax purposes.Read Article
Structuring a User-Friendly "Close Corporation"
A close corporation can be an excellent fit for a company that is owned by a handful of shareholders, all of whom are active in the business. This is particularly true for a company that is owned by a single person or by a married couple.Read Article
Hassell v. Bird: What's The Big Hassle, Yelp?
Avvo, Facebook, Microsoft and Twitter all point out that Hassell makes possible a “heckler’s veto” that could be used to silence online speech in a way that evades the protections of Section 230 and decades of U.S. Supreme Court case law on due process and First Amendment issuesRead Article