Letters To The Editor

Ms. Janet L. Folsom has called to my attention that in my article, Reverse Migration: Americans in Mexico, Prob. & Prop. 57 (July/Aug. 2004), I failed to include sufficient citations to Ms. Folsom’s article, Mexican Real Property Ownership Implications for Colorado Estate Planning, Colo. Law. 51 (Apr. 2003). Through oversight, portions of my article were substantially based on hers without appropriate citation. At the time of the writing, I was a law student and certainly had no intent to claim Ms. Folsom’s expertise, that of an established lawyer with experience in estate planning and Mexican land purchase transactions. I apologize to Probate & Property readers—and particularly to Ms. Folsom—for these errors, which are entirely my own.

This letter is in response to the article by David Lennhoff, MAI, SRA, that appeared in the September/October issue of Probate & Property. David C. Lenhoff, Intangibles Are the Real Thing, Prob. & Prop. 46 (Sept./Oct. 2004). The Appraisal Institute’s “Course 800: Separating Real and Personal Property from Intangible Assets” was referenced prominently throughout the article. While the Appraisal Institute appreciates acknowledgement of its educational offerings, I am concerned that readers may not fully understand the complexity of the issues presented in the article and the Appraisal Institute’s position on the subject.

The conclusions and opinions contained in Course 800 are not intended to represent the policy of the Appraisal Institute; rather, they are the opinions and views of the authors of the course. Your readers should be aware that the author of the article, Mr. Lennhoff, is also one of the two authors of Course 800 and has been teaching the course. Some of the concepts and conclusions addressed in the course are quite controversial, a fact that the course acknowledges in numerous places. Course 800, as is common with other Appraisal Institute courses dealing with advanced and/or unsettled issues, will now be reviewed and evaluated and will not be offered this year until the review and evaluation have been completed and revisions to the Course, if any, have been made.