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RPTE eReport logo

  • A Bi-Monthly Electronic Publication for Section Members
  • August 2008

Section News

A Year Gone By…RPTE Welcomes New Chair and Officers
The 2008-2009 ABA bar year officially commenced on August 12, 2008.  The RPTE leadership looks forward to an informative and productive year for Section members. View RPTE’s new Officers and a message from Steve Akers, new Section Chair.

Join Us in San Francisco for the RPTE/Taxation Joint Fall CLE Meeting
Network with colleagues, earn CLE credits and discuss the latest federal tax policies on September 11-13, 2008. View meeting details and the CLE program schedule here.

Do you have Spanish speaking clients? 
The ABA Commission on Law and Aging is offering free bulk copies of its Spanish-language health and financial decisions brochure and video/DVD information package to all RPTE Members.  Click here for more details.

The 2008 Spring Symposia CLE Program Materials Are Now Available Online
View program materials here.

Trust and Estate News Real Property News

real property

Real Property News


Clear Channel Outdoor, Inc. v. Nancy Knupfer, Chapter 11 Trustee; DB Burbank, LLC
John Trott and Erik North
The recent Clear Channel case has called into question whether a sale under Bankruptcy Code § 363 can be made free and clear of all liens. John Trott and Erik North explain the issues raised by Clear Channel.

Mortgagees Beware: Proceed Promptly with Care or Find your Lien is Impaired
Kathleen Kraft
In her article, Kathleen Kraft describes how an incorrect legal description or the late perfection of lien can impair a lender's rights in a borrower's bankruptcy.

Caveat Emptor for Alabama Real Estate Buyers: Tax
Withholding Obligations Now Exist

Riley Roby and Walter McKay
Alabama has enacted a new withholding requirement for non Alabama persons and entities selling real estate. Riley Roby and Walter McKay tell you what to look for when buying or selling Alabama real estate.
Download Alabama Department of Revenue Affidavit of Seller's Residence Forms Here.

trust and estate

Trust and Estate News

 

S Corps' Corporation Owned Life Insurance (C.O.L.I): No Accumulated Adjustment Accounts (AAA) Effect

Sample Charitable Lead Unitrust Forms From IRS

No Discounts for Restricted Management Accounts

String Inclusion: Final Regulations on 2036 and 2039
Jim Roberts

ERISA Alert: IRS Says Wall Street Cannot "Buy" Your Company's Pensions Plan --- at Least for Now
Michael Kushner

The Business Planning Group comments on Proposed Regulations 20.2031-1(f) concerning the estate tax alternate valuation of assets effected by post-death events other than market conditions.

 

Join a Committee Today!

RPTE members can join a group or committee (or several) online at www.abanet.org/rpte/join. For questions regarding membership, contact the Section at (312)988-5651 or email Bunny Lee at leeb@staff.abanet.org.

 


Would you like to write an
article for the eReport?


If you have something to say, and would like your article considered for the eReport, simply email Susan Talley, Editor, at stalley@stonepigman.com for further details.

Technology

New Bar Year Changes to RPTE Committee List Serves and Web Pages - Please Read!

If you're a RPTE committee member, be sure to read how the new ABA bar year affects you!

CLE Spotlight

tRust and estate cle
Critical Issues in Estate Administration - Part One
of the Essential Issues in Trust and Estate Law Teleconference Series

(with Rana Salti and Stephen Parker)
Teleconference/Webcast
Date: September 16, 2008
Time: 12:00 p.m. to 1:30 p.m. CST

real property cle
Legal Opinions in Real Estate Financing Transactions - Part One of the Essential Issues in Commercial Real Estate Teleconference Series
(with Sterling Scott Wills, Kenneth Ezell, and Leta Principe)
Teleconference/Webcast
Date: September 25, 2008
Time: 12:00 p.m. to 2:00 pm CST

Group & Committee News

Trust and Estate

Employee Benefit Plans and Other Compensation Arrangements Group
The RPTE Employee Benefit Plans and Other Compensation Arrangements Group is hosting and co-hosting several programs at the RPTE/Tax Section Joint Fall CLE Meeting.
View the programs here.

International Tax Planning Committee
At the request and invitation of the LMSB Division of the IRS, the International Tax Planning Committee has been collaborating with the AICPA’s Foreign Trust Tax Force on the development of a new fiduciary income tax return for foreign trusts (Form 1041-NR).

Generation Skipping Transfers Committee
In July 2008, the Generation Skipping Transfers Committee, in conjunction with the Committee on Estate and Gift Taxes of the Section on Taxation, submitted comments to proposed regulations under section 2642(g)(1) the Code. These regulations provide guidance regarding the circumstances and procedures under which the IRS will grant an extension of time to allocate GST exemption and make certain elections relating to allocations of GST exemption.

real property

Timesharing and Interval Use Committee
Click here to learn more about the e-newsletter the Timesharing and Interval Use Committee will introduce this Fall.

Mortgage Lending
The Mortgage Lending Committee has primarily been tracking four subject areas: the new federal housing bill, the changes to FASB 140, proposed changes to RESPA, and attempts to amend the ACORD 28 form of proof of commercial property insurance. View more details here.


Young Lawyers

RPTE Welcomes New Fellows

The RPTE Section supports a vibrant fellows program to encourage the involvement of young lawyers in the Section. Congratulations to the new RPTE 2008 fellows!

Law Students

Announcing the 2008 RPTE Law Student Writing Contest Winners

The results are in for the RPTE law student writing contest. Congratulations to all of this year’s winners!

   
An Estate Planner's Guide to Qualified Retirement Plan Benefits

New Book from RPTE

An Estate Planner's Guide to Qualified Retirement Plan Benefits, Fourth Edition
Louis A. Mezzullo

This clearly written guide, now completely revised and updated, provides comprehensive, practical advice for the non-ERISA specialist on how to structure benefits from qualified retirement plans and IRAs to achieve maximum benefits for your client. This new edition reflects changes made by the Pension Protection Act of 2006 and the final regulations issued in April 2002 dealing with the required minimum distribution rules under Code § 401(a)(9), as well as many administrative pronouncements made since publication of the previous edition. The new edition also includes the appendices on an accompanying CD-ROM. Click here to learn more...

FOR OFFLINE READING:
- PDF version - print the whole issue
- PDF of Trust and Estate articles only
- PDF of Real Property articles only

About RPTE eReport

The RPTE eREPORT is the bi-monthly electronic publication of the Real Property, Trust and Estate Law 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. RPTE eREPORT also provides resources for young lawyers and law students to succeed in the practice of law. For further information on RPTE eREPORT or to submit an article for publication, please contact: Susan Talley (Editor) at stalley@stonepigman.com; Cheryl Kelly (Real Property Editor) at CKELLY@thompsoncoburn.com; Robert Steele (Trust and Estate Editor) at steele@whafh.com; or Michael Goler (Managing Editor Emeritus) at Goler@MillerGolerFaeges.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, Trust and Estate 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 RPTE eREPORT are solely responsible for the content of their submissions, including the accuracy of citations to legal resource materials.

 

 

 

  • Section News
  • Technology
  • CLE
  • Groups & Committees
  • Young Lawyers
  • Law Students

 

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