RPPT eReport 2006.2 (December)

RPPT eReport
The RPPT eReport - your bi-monthly source of information FOR OFFLINE READING: - PDF version - print the whole issue - PDF of Probate and Trust articles only - PDF of Real Property articles only

Section News New Online Title Transfer and Title Insurance Program The RPPT Section is pleased to introduce a new program as part of its continuing effort to bring Section benefits and new methods of continuing legal education to your desktop. In partnership with the ABA Center for Continuing Legal Education and the Carloss Morris Fund, the RPPT Section has recently introduced a three-part series of one-hour, interactive online courses on the subjects of how real property is conveyed and the important role of title insurance. The Title Transfer and Title Insurance Online Training program will serve as a thorough introduction to real estate conveyancing and title insurance for young lawyers and real estate support staff. Experienced practitioners will also benefit from a comprehensive review of title insurance commitments, policies and endorsements, reflecting the most recent revisions adopted by the American Land Title Association. The program is designed to allow you to review these materials at your own pace and convenience. It is also MCLE-accredited in over 21 approved states. Click here to learn more and to take advantage of early-bird rate discounts! Articles Real Property News Master Leases In Financing Transactions - by Doug Snyder Owners are always searching for ways to evidence a secure cash flow in order to obtain advantageous financing. The Master Lease may be the answer, particularly in complicated multi-tenant properties. However, Doug Snyder’s article points out many issues you should consider when contemplating this strategy. The ABC's of the New Markets Tax Credits Program - by Stephanie Smith New Markets Tax Credits have become an integral tool in financing development projects around the country. Stephanie Smith’s article will help explain the ins and outs of this often tricky loan program USA Patriot Act Update for Real Estate Attorneys - by Kevin Shepherd Although the government has not yet issued regulations in this area, Kevin Shepherd’s topical article (from the Section’s Fall Leadership meeting) points out the current state of the negotiations and the concerns we all need to address. Probate and Trust News Estate of Korby v. Commissioner—Eighth Circuit Court of Appeals Upholds Including Partnership Assets Under §2036 - by Steve Akers McCord v. Commissioner: Fifth Circuit Upholds Defined Value Gift and Allows Offsetting Gift Value by Contingent Assumed Liability for Estate Tax if Donor Dies Within Three Years - by Steve Akers Year-End Planning to Minimize Florida Intangible Personal Property Tax Liability No Longer Necessary - by Amy Heller IRS Rules That Stock in New York Cooperative Apartment is Real Property For Purposes of Code § 1031 - by Amy Heller CLE Spotlight Probate and Trust CLE What Estate Planners Need to Know About Asset Protection - FEB 6 Teleconference Pre-registration is now open Real Property CLE Recent AIA Design-Build Contract Changes and Looking into the Crystal Ball for Future AIA Contract Changes - JAN 10 Teleconference	December 2006 Technology The Paperless Office, The Electronic Transaction - By Nancy Grekin Tired of chasing, filing and misplacing all those documents? Want to find things more quickly in your files? Take a few hints from Nancy Grekin’s excellent discussion on “going paperless” and find out how to become more efficient and more effective no matter how paper-intensive your practice may be. Don't Miss Techshow! RPPT is a program promoter of TechShow 2007, a 3-day technology-related seminar hosted by ABA's Law Practice Management Section. Check it out at www.techshow.com and get a special registration discount by using the RPPT program promoter code #PP270. For Young Lawyers 101 Series Available The Real Property, Probate and Trust Committee of the Young Lawyers Division has published four "101" practice tips articles for young lawyers,including an article on Ten Tips for Will Writing. For Law Students Help Katrina Relief Efforts during Your Winter Break The "Student Hurricane Network" is bringing law students to the Gulf Coast during winter and spring breaks to help residents with legal issues, including title transfers in estates New RPPT Book Tax, Estate, and Lifetime Planning for Minors Numerous and often complicated issues are involved in estate planning for minor children, including taxation, education funding, insurance, and disability of a minor or a minor's caregiver. This book is a handy desk reference not only for the seasoned practitioner but for the general or novice practitioner handling his or her first estate plan.
Group and Committee News RPPT Committee web pages are now more vital than ever! Dozens of committee chairs were recently trained on how to update their web pages themselves by logging on to the ABA web site. The results were almost 400 updates made in a two hour period. Committee Chairs continue to update their web pages. Below are some outstanding examples! Probate and Trust - Non-Tax Estate Planning Considerations Group - Generation Skipping Transfers Real Property - Emerging Issues and Specialty Leases - Economics and Technology of the Practice About RPPT eReport RPPT eREPORT is the bi-monthly electronic publication of the RPPT Section. It includes practical information for lawyers working in the real property, estate planning and probate and trust fields, together with news on Section activities and upcoming events. RPPT eREPORT also provides resources for young lawyers and law students to succeed in the practice of law. For further information on RPPT eREPORT or to submit an article for publication, please contact: Susan Talley (Editor) at stalley@stonepigman.com; Michael Goler (Real Property Editor) at goler@goodmanweissmiller.com; or Robert Steele (Probate and Trust Editor) at steele@whafh.com. We welcome your suggestions and submissions. The materials contained herein represent the opinions of the authors and editors and should not be construed to be those of either the American Bar Association or The Section of Real Property, Probate and Trust Law unless adopted pursuant to the bylaws of the Association. Nothing contained herein is to be considered as the rendering of legal advice for specific cases and readers are responsible for obtaining such advice from their own legal counsel. These materials and any forms and agreements herein are intended for educational and informational purposes only. The authors and other contributors to RPPT eREPORT are solely responsible for the content of their submissions, including the accuracy of citations to legal resource materials. This message has been sent to &name; at &email;. Your ABA ID Number is &customer;. Your e-mail address will only be used within the ABA and its entities. We do not sell or rent e-mail addresses to anyone outside the ABA. To change your e-mail address or remove your name from any future general distribution e-mails you can call us at 1-800-285-2221, or write to: American Bar Association, Service Center, 321 N Clark Street, Floor 16, Chicago, IL 60610 If you are an ABA member, log in to the ABA Web site at http://www.abanet.org/abanet/common/MyABA/home.cfm to edit your member profile. Otherwise, complete the form located at https://www.abanet.org/members/join/coa2.html To review our privacy statement, go to http://www.abanet.org/privacy_statement.html. Coventry is a Premier Sponsor of the ABA Section of Real Property, Probate and Trust Law

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