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Southeast Asian Laws Toolbox

Welcome to LexisNexis South East Asian Laws Toolbox , the law toolbox that brings you LexisNexis content available for the nations of South East Asia, excluding the Peoples’ Republic of China. You will find below the legal content and analysis that we have for several countries in this burgeoning...

Western European Laws Toolbox

Western European Laws Toolbox Welcome to our Western European Laws Toolbox, our collection of laws and legal analysis for the nations of this important region. Please note that nations with an asterisk after their name are also members of the European Union and that you will want to visit our EU...

Noncompete Covenants and Covenants Restricting Land Tested By Different Standards

Under Virginia law, covenants restricting the free use of land are not favored and must be strictly construed. Restrictive covenants that are unreasonably broad will not be enforced. There is a growing body of case law in Virginia governing noncompete covenants in employment contracts , but does that...

Title Insurance – New Appleman on Insurance Law Library Edition, Chapter 54

By Steven A. Freeman, Stephen V. Masterson, Philip M. Midgen, and Ann E. Miller, Attorneys, Glaser Weil Fink Jacobs Howard Avchen & Shapiro LLP This chapter addresses the unique elements of title insurance, the scope of coverage under title policies ( see Sections 54.01 through 54.07), the loss...

Ask Liza: Annual Gifts and Lifetime Gifts

Dear Liza, I would like to give my son $200k to upgrade homes. Can me and my wife each give $13,000 to my son, daughter in law, and two grand children? That would be $102,000, and then apply the remaining $98,000 to the unified tax credit. Can I write it all in one check for the four of them? You...

Ask Liza: Should We Get Married? Estate Planning for Same Sex Couples Now

By Liza Weiman Hanks | Dear Liza: My long term domestic partner of 30 years and I were registered domestic partners for a few years and then she decided she wanted to be totally financially independent of me so we terminated the agreement last year. We are still together as a couple and live five...

Ask Liza: Capital Gains Taxes on Appreciated Property

Dear Liza: My mother gave her house to my sister just before she passed away. My sister is going to sell the house. Do we have to pay taxes on that? If your mother’s house had appreciated in value between the time your mother purchased it, and her death, then the answer is yes. I can’t answer...

Ask Liza: Paying Capital Gains on Appreciated Assets

Dear Liza, My father passed away in 2002 when the federal estate tax limit was $1million. At that time my mother chose to put their home in the Bypass Trust. She has now passed and the home is worth $1.4 million. Do we inherit tax free or pay taxes on the amount over $1million? It’s nice when I...