by Teddar S. Brooks | Oct 26, 2017 | Cases of Interest, T&E News
Cases of Interest – 10-26-17 Cases of interest – 10-26-17 In In re Goodman, 149 A.D.3d 649, 52 N.Y.S.3d 363 (1st Dep’t 2017) the trustee sought judicial settlement of an accounting what showed principal distributions to the grantor. Other beneficiaries...
by Teddar S. Brooks | Jul 9, 2017 | Cases of Interest, T&E News
Morris v. Commissioner, TC Memo 2015-82 Ira Distribution Is Taxable Taxpayer, after his father died, became the sole beneficiary of his father’s IRA. The Taxpayer opted for lump sum payment with no taxes withheld, and according his father’s wishes shared the...
by Teddar S. Brooks | Jul 2, 2017 | Cases of Interest, T&E News
Babbitt v. Superior Court of Los Angeles Co. In Babbitt v. Superior Court of Los Angeles Co., 201 Cal Rptr. #rd 353 (Ct. App. 2016), the Court limited the time period for the accounting to the period after the trust became irrevocable. The Court held that the...
by Teddar S. Brooks | Jun 25, 2017 | Cases of Interest, T&E News
Blechman v. Estate of Blechman In Blechman v. Estate of Blechman, 160 So. 3rd 152 (Fla Dist. Ct. App. 2015), the appellate court (reversing the trial court) held that the language in the LLC agreement providing that the LLC interest would “pass to and immediately...
by Teddar S. Brooks | May 22, 2017 | Cases of Interest, T&E News
Cases of Interest in Fiduciary Administration 1. Life Tenant’s Intentional Failure to Pay Property Taxes and Maintain Hazard Insurance Constituted Waste and Justified Extinguishing Life Estate. In this case the life tenant refused to pay real property taxes on the...
by Teddar S. Brooks | Jan 1, 2015 | Cases of Interest, T&E News
Squib On The New Regs Under IRC Sec. 67 The 2% Rule Treasury Decision 9664 On May 9, 2014 the Treasury Department and the IRS adopted final regulations, which generally retained the 2011 proposed regulations with minor modifications. The final regulations are...
