by Mallory Schowe | Jun 13, 2024
In a recent opinion, the United States Supreme Court unanimously ruled that life-insurance proceeds from a policy owned by a closely held business on the life of one of its owners must be factored into the valuation of the business for estate tax purposes when the...
by Christine Stackhouse | Jun 10, 2024
On June 10, 2024, Law.com published Partner Paul Tuchmann’s article titled, “Second Circuit Holds No Special Standard for Charging Campaign Contributions As Bribes”. In the article, Paul discusses the Second Circuit’s recent ruling in the bribery...
by Mallory Schowe | Jun 10, 2024
On June 10, the Spring 2024 issue of the Franchise Law Journal, Volume 43 Number 2 was published, where Litigation Partner John Doroghazi is Editor-in-Chief. The Franchise Law Journal is published by the American Bar Association Forum of Franchising. In his editorial,...
by Christine Stackhouse | Jun 7, 2024
Greetings, Court Fans! Yesterday, the Court issued three decisions that, while not likely to get a lot of media attention, were closely watched by lawyers in the insurance, bankruptcy, trusts and estates, and Indian law sectors: In Truck Insurance Exchange v. Kaiser...
by Mallory Schowe | Jun 7, 2024
Like individuals, trusts are subject to income tax by the federal government and a majority of states. If a trust is characterized as a “grantor” trust, then its income is reported by the grantor thereof, who is usually the trust creator, and taxed as if earned by the...
