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
What's Your Priority?
The IRS can use the Federal Priority Statute much like an ace of spades to trump the priority of all creditors who have claims against estate assets.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