Section News
Dear Colleague:
It is my distinct pleasure to invite you to attend the Real Property, Probate and Trust Law Section's 18th Annual Real Property and Estate Planning Symposia in Washington, D.C. on April 26 - 28, 2007. These Symposia contain two full days of cutting edge, accredited CLE programs, featuring some of the most highly regarded practitioners and professors in the fields. We are especially looking forward to our keynote luncheon speech by James B. Stewart (http://www.roycecarlton.com/speakers/stewart.html), the author of many national bestsellers including Den of Thieves (about Wall Street in the '80s). Because the Symposia are being held in conjunction with the Spring Meeting of the Section leadership, you will have a wonderful opportunity to combine CLE with networking, committee and group activities, and just plain fun.
Washington, D.C. is an exciting place, whether you travel alone or bring your family– easy to get to and full of both shopping and cultural activities. Full meeting details including detailed information on CLE programs, hotel information, registration, social events and meeting schedules are available on the website at www.abanet.org/rppt/2007.
The Symposia will be held at the Fairmont and The Park Hyatt Hotels, which are but a street width apart from each other and are located in beautiful West End of Washington, D.C. Additional sleeping rooms have also been reserved at the Westin hotel across the street. These hotels have ready access to the prime shopping and dining of historic Georgetown, with the vibrant DuPont Circle and Foggy Bottom neighborhoods, Golden Triangle business district and national monuments a short stroll away.
I look forward to seeing you in Washington, D.C. this April!
Christine L. Albright
Chair, Section of Real Property, Probate and Trust Law
The American Bar Association
Articles
Probate and Trust News
HECKERLING MUSINGS 2007
Steve Akers condenses the latest Heckerling Institute proceedings into one easy-to-read and well organized article. A must read for all estate planners!
- by Steve Akers
IRS ISSUES RULING ON BUILT-IN LIABILITY
PROPOSED SMALL BUSINESS AND WORK OPPORTUNITY ACT MAY AFFECT EXPATRIATES
IRS ISSUES GUIDELINES ON TREATMENT OF FLPs AND FLLCs
- by Jim Roberts
Jim Roberts reports on three recent developments: TAM 200648028 concerning the IRS’ latest ruling on valuation as affected by a built-in liability; the proposed Small Business and Work Opportunity Act, which includes provisions changing the tax rules relating to expatriation to avoid tax; and the IRS’s release of “Appeals Coordinated Settlement Guidelines” for dealing with family limited partnerships and family limited liability companies.
ESTATE OF AMLIE V. COMM'R: MORE ON THE COMPARABILITY REQUIREMENT UNDER I.R.C. §2703
This Tax Court decision that a family settlement agreement will be respected under I.R.C. §2703 is summarized and discussed
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by Stevie Casteel
Real Property News
OPTION AGREEMENTS TIME LIMIT
Options are a common way to tie up property for development or use, but often provisions are not interpreted as the drafter might wish. Let Jack Murray explain.
- by John Murray
A COMMENTARY ON ‘FLIP TAXES’
Whenan owner sells a coop, the building management likes to make a fee as well. Jasleen Anand can walk you through what happens so your client doesn't "flip" at the closing.
- by Jasleen Anand
CUSTOMARY PRACTICE IN GIVING AND RECEIVING LEGAL OPINIONS
Important recent national developments in connection with the rendering and receipt of third party legal opinions. In October 2006, an invitation only seminar was jointly sponsored by the American Bar Association, the TriBar Opinions Committee, and the legal opinion committees of several major commercial states and law firms.
- by Stirling Scott Willis
CLE Spotlight
Probate and Trust CLE
Dos and Don'ts in Family Limited Partnerships
Expert faculty will provide a practical guide to dos and don'ts for FLPs in the context of recent cases, focusing on formation, operation, and audits.
- March 8th Teleconference
Real Property CLE
Tenant Bankruptcies: A Survival Toolkit for Landlords
Expert faculty will identify the key strategies that a landlord must utilize to avoid large losses from a tenant bankruptcy.
- March 27th Teleconference
February 2007
Technology
Internet Resources for Estate Practitioners
Techwizard Dan Evans reviews useful internet resources for estate planning and probate lawyers.
by Daniel B. Evans
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
The Section's Spring Symposia will include special CLE opportunities for young lawyers. Check out the unique programs that will help you hone your practice skills
- Link to Young Lawyers
Spring Symposia Information
For Law Students
Your Future As An Estate Planning or Real Estate Attorney
- by Anthony Marinaccio
New RPPT Book
The Lease Manual: A Practical Guide to Negotiating Office, Retail, and Industrial Leases
- by Rodney J. Dillman
Understanding the needs and positions of all interested parties is essential to effectively negotiate and complete a commercial lease. This book helps you understand the needs and positions of all interested parties -- landlords, tenants, and lenders -- by analyzing typical lease paragraphs from each point of view.
Group and Committee News
RPPT Committee web pages are now more vital than ever and Committee Chairs continue to update their web pages. Here are a few of the most recently updated pages:
Probate and Trust
- Income & Transfer Tax Planning Group
- Charitable Planning Committee
Real Property
Printable Versions
Now you can print out the RPPT eReport to read offline. Available in three versions:
- All articles and columns
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Probate and Trust articles only
- Real Property Articles only
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 and estate planning 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.
