The Fifth Circuit Court of Appeals has overturned a Tax Court decision in a ruling that has major implications for estate planning and works of art. While the central basis for the decision in favor of the Estate of James Elkins was the inexplicable failure by the IRS to rebut the taxpayer’s evidence, the decision… Continue Reading
Category Archives: Estate Planning
Subscribe to Estate Planning RSS FeedBarnes Relocation Case Sanctions Award Upheld, But Also Reduced
Posted in Charitable Foundations, Estate PlanningMontgomery County Orphan’s Court Judge Stanley R. Ott, the presiding judge in the unsuccessful challenge to the Barnes Foundation’s move to Center City in Philadelphia has upheld his award of sanctions against the plaintiffs challenging the move. After a recent hearing, the judge awarded the Barnes $25,000 in attorneys’ fees from the Friends of the… Continue Reading
Sullivan & Worcester LLP joins with Citi Private Bank to Explore Art and Estate Planning
Posted in Collections, Estate PlanningI am delighted to announce a joint presentation by Sullivan & Worcester LLP’s Art and Museum Law Group (home of your Art Law Report) and Citi Private Bank. On April 11, 2012 here in Boston we will host a discussion of Art Advisory and Estate Planning. Panelists will include Cornelius J. Murray, III, Trust &… Continue Reading
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