One of the biggest modern goals of tax planning is now maximizing the opportunity to obtain a step-up in income tax basis for family assets at least at the death of the client. The recent doubling of the estate tax applicable exclusion amount is certain to increase this type of planning.
This article demonstrates why the application of the Rule Against Perpetuities to purchase options under commercial leases continues to be useful if the purchase price in the option clause bears no relation to current market value of the property.
In a 2015 book, anti-sprawl activist Ben Ross wrote that “a school of libertarian urbanists has emerged, propounding a free-market case against sprawl.” Benjamin Ross, Dead End: Suburban Sprawl and the Rebirth of American Urbanism (2014). Market urbanism (in the words of the movement’s leading blog, at marketurbanism.com) seeks to reconcile “classic liberal economics and ethics (market) with an appreciation of the urban way of life and its benefits to society (urbanism).”
The death of the musical artist Prince shocked the country, but what was more shocking was the news that, although his estate is worth approximately $300 million, no will declaring the distribution of his assets can be found.
This article describes the intertwined provisions of well drafted leases, and warns lawyers of lease provisions that may cause problems, including (1) the insurance, exculpation, and indemnification clauses; (2) the tenant improvement, maintenance, casualty loss, insurance, and surrender clauses; and (3) the operating expense inclusions, exclusions, and the landlord maintenance and repair provisions.
By Lynn Foster, Dakotah Thompson, and Evin E. Walker
This article explores a few of the ways in which 1) connections to nature benefit people; 2) single-family real estate development contributes to habitat loss and endangerment of species populations; 3) legal tools can be used to protect natural habitat; and 4) actual restrictive covenants are being used for this purpose.