Another View of Low-Profit Limited Liability Companies: The Issues and Concerns with Respect to L3Cs for Your Private Foundation Clients
Tuesday, March 23, 2010

If I Knew Then What I Know Now . . . Practical Solutions to Recurring Estate Planning Problems
Tuesday, April 6, 2010

IRS Guidance on Modifications of Commercial Mortgage Loans: False Hope or New Start?
Wednesday, April 14, 2010

Ethical Issues in Estate Planning for Pet Owners
Tuesday, November 9, 2010

March Group and Committee Conference Calls
These Group calls are a complimentary benefit of Section membership and normally are limited to Section members. However, prospective members are welcome to join a call without charge to learn more about the Groups and how to become involved upon joining the Section. Topics of upcoming Group calls are summarized below. Click here for more RP conference calls and more TE conference calls.

Thursday, March 11, 2010, 3:00-4:00 p.m. CT
Non-Tax Estate Planning Considerations Group (TE)
Dial In: 800-504-8071, International: +1 303-248-0281, Passcode: 9885683
This call will be led by the group's Non-Tax Issues Affecting the Planning and Administration of Estates and Trusts Committee, and will focus on proposed legislation to change the New York income taxation of trusts created by New York grantors. Such legislation has implications for the taxation schemes of more than half the states. It also is relevant to practitioners in tax-friendly states, such as Delaware and South Dakota, where many trusts have been migrated in order to avoid New York's income tax. Mary O'Reilly will give a description of the current New York income tax law on trusts and the proposed changes to it. Sharon Klein will discuss comments to the proposed legislation that are being prepared by the New York Bar Association. Participants will be encouraged to share their thoughts on the topic, including the constitutionality of the proposal and whether New York will have the authority to enforce the tax on trusts outside of its jurisdiction. In addition, the call will include a preview of the 2010 Spring Symposia to be held in Philadelphia on May 6 and 7, reports from the group's 6 committees, a summary of speaking and writing opportunities, and a discussion of how to participate in the group's work. Your comments and suggestions will be welcome at each stage of the call.

Friday, March 12, 2010, 3:30 p.m. CT
Emotional and Psychological Issues in Estate Planning Committee (TE)
Dial In: 800-504-8071, International: +1 303-248-0281, Passcode: 9885683

Monday, March 15, 2010, 9:30-10:30 a.m. CT
Land Trust Committee (RP)
Dial In: 800-504-8071, International: +1 303-248-0281, Passcode: 9885651

Wednesday, March 24, 2010, 11:00-12:00 a.m. CT
Life Insurance Company Investments Committee (RP)
Dial In: 800-504-8071, International: +1 303-248-0281, Passcode: 9885651

Thursday, March 25, 2010, 1:00 p.m. CT
Governmental Incentives Committee (RP)
Dial In: 800-504-8071, International: +1 303-248-0281, Passcode: 9885651
The Governmental Incentives Committee will present a conference call on the recent developments of solar tax credits and grants available in lieu of solar tax credits.

Trust and Estate

Charitable Planning and Organizations Group
Comments to IRS Notice 2010-19; Internal Revenue Code Section 2511(c)

Charitable Planning and Organizations Group, Charitable Planning Committee
Comments to IRS on Payout Requirements for Type III Supporting Organizations

Estate and Gift Tax Committee
REG-119532-08 (Graduated Retained Interests)

Individual & Fiduciary Income Tax Committee
IRS Proposed Regulation 26 CFR 1.67-4, REG-128224-06 Regarding Fees of Trusts and Estates

Non-Tax Estate Planning Considerations Group
Revocable Trust Accounts: 12 CFR Part 330, RIN 3064-AD33

Business Planning Group
Comments on Alternate Valuation Proposed Regulations under § 20.2032-1(f)(1)

Income & Transfer Tax Planning Group
Comments to Notice 2008-32

Estate and Gift Tax Committee
American College of Trust and Estate Counsel

Charitable Planning and Organizations
Comments in response to the Internal Revenue Services notice of proposed rulemaking concerning Internal Revenue Code Sections 509 and 4943.

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During this economic downturn, RPTE and the ABA are working to provide you with assistance in weathering these tough times. The ABA Economic Recovery Resources Web Portal provides information from job searching, personal development and career transitions to practice management tips, advice for dealing with stress, and discounts on ABA offerings. The site also lists nearly 50 CLE Now! Sessions on a wide range of legal topics offered by the Center for CLE. These programs are free digital downloads that members can access whenever and wherever they want.

The federal government has, through the passage of the American Recovery and Reinvestment Act of 2009 and other legislation, created a series of stimulus bills, the thrust of much of which affects the development and financing of real estate property (both commercial and residential). These stimulus bills also provide for a variety of programs which may impact areas of practice critical to many of our section members. The RPTE Economic Recovery Resources Web Portal has been created for some of these bills and for related information. We hope you find this information useful.

THE ABA IS YOUR ADVOCATE: Files Suit to Bar the Federal Trade Commission's Application of the Red Flags Rule to Lawyers

On August 27, 2009, the American Bar Association filed a complaint in the United States District Court for the District of Columbia to enjoin the Federal Trade Commission's proposed application of its "Red Flags Rule" to lawyers. The Red Flags Rule mandates that "creditors" develop and implement plans to detect and respond to possible identity theft. As the ABA noted in its suit, imposition of the rule on the practicing bar would result in "significant burdens upon lawyers, particularly sole practitioners and those practicing in small firms, who comprise the majority of the lawyers in the United States." Read More

Real Property, Trust & Estate Legal News

Learn about insurance and charitable giving plans exclusively available to ABA members.