The Section Welcomes New Leadership Members
RPTE Section Chair and Officers for the 2012-2013 bar year have been officially announced. Read more about the newly appointed leaders. Additionally, Tina Portuondo, the 2012-2013 Section Chair, has composed a welcome letter to Section members.
RPTE and Taxation Joint Fall CLE Meeting
Do you practice trust and estate law? Join us in Boston for the 2012 Joint Fall CLE Meeting. Visit the meeting webpage for more information.
Help Us Pick the 2013 Spring Symposia Theme!
For the 2012 Spring Symposia, the theme was “Investing in the Future." We are once again hosting a contest to pick a theme that encompasses both the trust and estate and the real property divisions. If your theme is chosen, you will receive FREE registration (a $500 value) to the 2013 Spring Symposia, held May 2-3 2013 in Washington, DC. Email Lee Swanson with your ideas!
August Conference Call Calendar
Have you participated in a free RPTE group/committee sponsored conference call? View the August schedule here. Everyone is welcome to dial-in and listen.
ABA Commission on Sexual Orientation and Gender Identity
The ABA Commission on Sexual Orientation and Gender Identity ("SOGI") is looking for contributors for their new publication, OUT and ABOUT: The LGBT Experience in the Profession. SOGI Chair Courtney Joslin discusses this initiative in a letter to ABA members.
Thank You to the 2012 Skills Training for Estate Planners CLE Program Sponsors!
This annual week-long CLE program would not be possible without the support of our generous sponsors, WSFS Christiana Trust and Holland & Knight.
Articles of Interest
Trust & Estate
Estate of Wimmer v. Commissioner
Steve R. Akers
In Estate of Wimmer v. Commissioner, the court concluded that gifts of limited partnership interests qualified as present interests for the purposes of the gift tax annual exclusion. Steve Akers provides a detailed analysis of the Tax Court’s decision.
Decanting: A Review of Recent Activity Across the US
Sharon L. Klein
There has been a flurry of state-level activity regarding “decanting,” whereby the assets of an irrevocable trust potentially can be appointed into a new trust with different terms. Sharon L. Klein explores recently enacted and introduced decanting legislation across the country, which arrives against the backdrop of recent Treasury Department and IRS interest.
2012 Planning with Clients: Don’t Forget the Life Insurance Review
Mike Cohn and Paul Yates
With the impending tax law changes, it is important to review clients' plans in order to determine whether it still meets their needs, and to discuss options for clients to use their remaining exemptions before the end of the year. Mike Cohn and Paul Yates provide several tips to assist in reviewing life insurance trusts and the policies held in such trusts.
Trust and Estate Practice Alerts
Treasury Issues New Taxpayer Friendly Portability Regulations
2012 Offshore Voluntary Disclosure Program and FBAR efiling requirements
Income and Transfer Tax Group
The Income and Transfer Tax Group has provided updates on the 2012 Offshore Voluntary Disclosure Program, FBAR efiling requirements, and portability regulations.
California Enacts “Homeowner’s Bill of Rights,” a Foreclosure Reform 2.0 Legislative Package
Melissa Richards and Neil Rubenstein
California has become the first U.S. state to adopt into law the residential mortgage foreclosure reform principles outlined in the February 2012 National Mortgage Servicing Settlement with the nation’s top five mortgage servicers. Read this article for further details.
A Letter of Intent is Enforceable. A Letter of Intent is Not Enforceable.
This article discusses the enforceability of various letters of intent and how courts interpret the interaction between parties to such a letter.
Tousa: Fraudulent Transfer Jurisprudence in Three Acts
David D. Farrell
In this article, David Farrell chronicles the three act drama that is Tousa.
Ready or Not...Here It Comes! E-mail Service, E-Filing and E-Service are Coming Soon to a County Near You...
Marsha G. Madorsky
This article provides an overview of the changes in Florida law governing service by electronic mail and electronic court filing.
Live In-Person CLE:
RPTE & Taxation Joint Fall Meeting
September 13-15, 2012
Philadelphia Community Outreach Program: Commercial Real Estate/Trusts and Estates 101 CLE Program
Programs are held the third Tuesday of every month, September 2012-April 2013
Twenty Tax Traps and Other Trustee Selection Considerations
August 21, 2012
Special Needs Planning: Drafting and Tax Issues for Special Needs Trusts
August 22, 2012
New Markets Tax Credits: The Latest for Real Estate Lawyers
September 12, 2012
Non-Tax Issues in Business Succession Planning
September 20, 2012
To view a complete list of upcoming eCLE programs, visit the eCLE webpage here.
All RPTE eCLEs are teleconferences, with the option to listen via live audio webcast. All eCLEs occur 12 p.m.-1:30 p.m. Central time unless noted otherwise.
Have you heard? We joined Twitter! We have occasional contests on our social networking sites where you can win free RPTE eCLEs or even a RPTE book!
Join a Group or Committee Today!
Group and Committee membership is free to all RPTE members! Learn more about our nine Real Property Groups and seven Trust and Estate Groups. For questions regarding membership, contact Bunny Lee at (312) 988-5651 or email email@example.com.
Technology/Law Practice Management
Stupid Mistakes That Lawyers Make with Technology
Sharon D. Nelson
This article highlights eight mistakes that lawyers often make. Are you guilty of making them too?
Group and Committee News
With some 400 members, the Leasing Group keeps busy with monthly conference calls and CLE programs. Learn more about this active real property Group.
Trust & Estate
Employee Benefit Plans and Other Compensation Arrangements Group
Summaries of this Group's active committees, and upcoming topics to be presented at the Joint Fall CLE Meeting are discussed in this link.
Help Promote @rptelaw on Twitter!
Are you on Twitter and interested in helping the Section grow it's following? We are looking for RPTE members to both follow and retweet us. Do you have suggestions on people or firms to follow? Email Hillary Clark with your ideas. We appreciate your help on this venture!
Young Lawyers Network
Welcome to the 2012-2014 Class of Fellows!
The Section is excited to announce the new class of Fellows! Click here to reveal the newly appointed class.
Spotlight on the 2010-2012 Class of Fellows
Read about Mildred Gomez's experience as a Trust and Estate Fellow thus far in her report.
Letters from the Outgoing Law Student Division Liaisons
The 2011-2012 Law Student Division Liaisons recap their past year working with RPTE. Read their experiences here.
Contribute to the eReport
Interested in Contributing to the eReport?
Did you write an article that would be of interest to eReport readers? Do you have suggestions/comments on the content of the eReport? Simply email the Editor, Rob Steele, at firstname.lastname@example.org for further details.