provided food, care, and companionship to the decedent. Over a year after the
decedent's death, the neighbor filed a creditor's claim against the estate,
based on a written agreement that, in consideration of continued care, the
A U.S. Tax Court decision filed March 6 th , Dickerson v. Commissioner [ enhanced version available to lexis.com subscribers ], regarding a waitress who won $10 million in a lottery, is extremely relevant for gift tax law. The waitress tried to shift...
By Liza Weiman Hanks
Dear Liza: I am the successor trustee of my parents trust. The have both passed and I was told before I disburse the assets I need to advertise a Notice to Creditors. How long and how many times do I need to advertise?
In a case of first impression, a California Court of
Appeal was recently asked to determine: (1) whether a Marvin claim based on a decedent's promise to leave her cohabitant
a life estate in real property is governed by the one-year statute of
As 2013 approaches, there will be a flurry of activity by wealthy individuals seeking to take advantage of a gift tax exemption of $5,120,000, that will decrease to only $1 million in 2013. Taxpayers often gift closely held business interests or real...
Larson's Spotlight on Non-Dependent Spouse and Death Benefits, Fraud and Surveillance Video, Tort Action Against Sole Proprietor, and Statute of Limitations for PTSD Claim. Larson's surveys the latest case developments that you need to know about...
property developer and decedent signed a written contract in which decedent
promised to compensate the developer for certain services. The contract was
executed in 1995, and decedent passed away in 2004.
2010, the developer sued the executor and...