In Memory of
Patrick A. Randolph, Jr.
September 2, 1944 - October 12, 2012
Read Ira Waldman's memories and remarks on his dear friend Pat, in A Life Worth Living: A Tribute to Pat Randolph. To read Pat’s obituary and learn of upcoming services being held in his honor, click here.
2013 Spring Symposia Theme Announced
Save the date to attend the 24th Annual RPTE Spring Symposia May 2-3, 2013 in Washington, DC. This year's theme will be: The Inside Track/The Inside Tract. We hope to see you there!
Sponsorship Opportunities for Fall Leadership Meeting
Would your law firm be interested in sponsoring the second annual golf tournament at the Fall Leadership Meeting? The tournament will take place November 10, 2012 at Bear Lakes Country Club in West Palm Beach, FL. Download the sponsorship brochure here.
IRS Circular 230
Treasury and the IRS have proposed substantial revisions to Circular 230, including, among other things, the elimination of the much-criticized provision on “covered opinions” and its replacement with a simpler, more-straightforward set of rules. Read Jim Robert's summary on this topic.
Recap of the 2012 Joint Fall Meeting
Bruce Tannahill summarizes his experience at this year's Joint Fall CLE Meeting with the ABA Section of Taxation. Read his remarks here.
November Conference Call Calendar
Have you participated in a free RPTE group/committee sponsored conference call? View the November schedule here. Everyone is welcome to dial-in and listen.
Articles of Interest
Trust & Estate
2012 Federal Estate and Gift Tax Forms Released & New York Issues Guidance on Federal Portability
Sharon L. Klein
Sharon Klein reviews some highlights of the new 706 and 709 forms and instructions, as well as recent guidance from New York regarding the application of federal portability valuation rules for state purposes.
Shelter From the Gathering Storm: Protection for Trustees Facing Fiduciary Challenges
Eric A. Manterfield
Fiduciaries are experiencing a steady rise in trust and estate litigation, and the recent economic downturn has made the stakes even higher. This article addresses when is it safe to accept an appointment to serve as trustee, practical solutions to avoid litigation, and how to prepare for and respond to challenges.
Uplifting Gifting - Using Additional Gift, Estate and Generation-Skipping Tax Exemption to Maximize Business Succession Planning
Robert M. Nemzin
The provisions of the Tax Relief, Unemployment Insurance Authorization, and Job Creation Act of 2010 will sunset on December 31, 2012. This article briefly outlines several options that the client should consider before time runs outs in order to use his or her remaining exemptions.
Next Generation Disputes in the Family Business: Navigating the Remedial, Ethical and and Tax Quagmires- a Case Study
Morton A. Harris
This article provides a historical overview of the importance of family owned businesses and the reasons for failure of such businesses, all of which highlights the importance of business succession planning.
Trust and Estate Practice Alerts
Elder Law, Disability Planning, and Bioethics Group
This group provides a summary of the Third National Guardianship Summit and its recommendation for comprehensive standards for guardians.
Charitable Planning and Organizations Group- Alert 1
Charitable Planning and Organizations Group -Alert 2
How tax law changes involving the fiscal cliff affect donors and making gifts to a charity’s single member LLC are two topics discussed by the Charitable Planning and Organizations Group.
Maryland Tax Court Sides with Foreclosure Sale Purchasers on Payment of IDOT Taxes
Jon Laria, Timothy McCormack and Michelle McGeogh
This article discusses a recent Maryland Tax Court decision addressing whether a foreclosure sale purchaser must pay recordation taxes on a defaulted Indemnity Deed of Trust as well as those due on a substitute trustees’ deed.
Case Law Summary - Default Interest and Late Charges
John C. Murray
This article provides a survey of recent cases addressing the enforceability of default interest and late charges in the commercial mortgage loan arena.
Drafting and Negotiating a Landlord's Right to Relocate a Retail Tenant
Daniel J. Villalpando
This article summarizes issues that arise in connection with a landlord's right to relocate a retail tenant and provides tips on negotiating and drafting lease provisions to address those issues.
Live In-Person CLE:
Philadelphia Community Outreach Program: Commercial Real Estate/Trusts and Estates 101 CLE Program
Programs are held the third Tuesday of every month,
October 2012-April 2013
New Orleans Community Outreach Program: Getting on Solid Ground with the Basics- The How To's of Real Estate Law
November 14, 2012
New Orleans, LA
Strategies for Dealing with the IRS and when you and the IRS Agree to Disagree
October 30, 2012
FATCA 6038D - Year End Planning & Tax Compliance Issues IRS Form 8938, FBAR & Voluntary Disclosure (Program sponsored with the ABA Section of International Law)
October 30, 2012
Commercial Title Insurance Endorsements: What You Need to Know and What You Need to Ask
November 12, 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 firstname.lastname@example.org.
Group and Committee News
Hospitality, Timesharing & Common Interest Developments Group
With roughly 300 members, the Hospitality Group focuses on the varied and numerous issues involving the development, structuring, management and operation of certain real property developments. Learn more here.
Trust & Estate
Non-Tax Estate Planning Considerations Group
This Group and its six Committees focus on estate planning and estate and trust administration issues other than taxation. Read about this busy Group in their report.
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
Spotlight on the 2011-2013 Class of Fellows
Associate Professor of Law and current Fellow Troy Rule highlights his positive experiences with the Fellows program thus far. Read more here.
2012 Writing Contest Winners Announced!
RPTE is excited to announce the top three winners of this year's contest and the title of their papers in this link.
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 email@example.com for further details.