Louisiana’s GOP-led legislature passed significant tax reforms, combining income and corporate tax cuts with a sales tax increase. This package, championed by Gov. Jeff Landry, aimed to create a more business-friendly environment and address outward migration trends. Critics argued the…
Gerry W. Beyer
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Enhanced Relief and Streamlined Procedures: A Review of the Final GST Exemption Allocation Relief Regulations
The IRS has issued final regulations (TD 9996) to address allocation relief under Code section 2642(g)(1), effective May 6, 2024. These regulations replace the 9100 Relief previously granted under Treas. Reg. § 301.9100-3. The changes simplify and clarify the process…
Novel Fiduciary Liability Risks under the Corporate Transparency Act
The Corporate Transparency Act (CTA), effective January 1, 2024, imposes new reporting obligations on most corporations, limited liability companies (LLCs), limited partnerships, and similar entities operating in the United States. These entities, referred to as reporting companies, must submit beneficial…
Bequeathing Bitcoin: Storing and Transferring Cryptocurrency upon Death
The article discusses the unique challenges of inheriting cryptocurrency, illustrated by the case of Zev Merchant, an early Bitcoin adopter. After Zev’s untimely death in 2022, his wife faced significant difficulties accessing his cryptocurrency due to the lack of preparation…
Operating theaters, bowling alleys and home cinemas: Not happy with safe rooms, the super-rich are building luxury fortresses
The ultra-rich are increasingly investing in high-tech, luxurious bunkers designed not just for security but also for comfort and entertainment. Companies like SAFE (Strategically Armored & Fortified Environments) cater to this niche, creating fortified homes with features such as blast-proof…
What could be the world’s most expensive coin collection is going up for auction — after being banned from sale for a century
Following the death of the Danish butter magnate Lars Emil Bruun in 1923, his will had a curious order: His vast accumulation of coins, notes and medals, amassed over more than six decades, should be held as an emergency reserve…
‘Treated me like an insignificant cockroach’: JPMorgan Chase denies NY widow her husband’s $53K pension pot
Elaine Silverberg, a 73-year-old widow, has been fighting JPMorgan Chase for 13 years over their refusal to pay her late husband’s estimated $331 monthly pension. When her husband Melvyn Silverberg passed away suddenly in 1988 at age 43 from multiple…
Article: Last Will Or Living Trust?
Isaac Richard III (Mavros Capital) recently published, Last Will Or Living Trust?, 2024. Provided below is an Abstract: This article explains characteristics of Last Wills And Living Trusts. I distinguish the differences between the two, tax issues, considerations when selecting…
Article: Common Law Business Trusts, Anonymity, and Inclusion
Eric C. Chaffee (Case Western Reserve University School of Law) recently published, Common Law Business Trusts, Anonymity, and Inclusion, 2024. Provided below is an Abstract: This essay examines the interplay between transparency in business organizations and the benefits of identity…
The ACTEC Foundation Announces the Winners of the 2024 Mary Moers Wenig Student Writing Competition
Washington, DC, November 14, 2024: John T. Rogers, Jr., President of The ACTEC Foundation, and Elizabeth A. Bawden and Gerry W. Beyer, Co-Chairs of the Legal Education Committee of The American College of Trust and Estate Counsel (ACTEC), are pleased…