Revocable & Irrevocable Trusts. Legal news and articles for September 29 - 30, 2011

Green Light for Green States (can you Bear it?)Real Estate Investment Trusts Outlook - Oct. 2011Timber payments expire with no fix in sightFamily trust rules changing as gift duty endsInnkeepers, Madoff, Blockbuster, A&P, Graceway: BankruptcyTHROGMORTON TRUST PLC - Statement re Subscription Share CircularConcern Over Law Enforcement, Hispanic RelationsWhat's Mine is Yours: IRS Issues Estate Tax Portability GuidancePENSION TRUST FUND FOR OPERATING ENGINEERS v. MORTGAGE ASSET SECURITIZATION ...Beware of the law when it comes to dangerous dogsGulf Keystone CEO Gained in 'Unusual' Share Deal, Lawsuit SaysAfre forensic audit exposes TimbaGoogle's Bid to Acquire Motorola Faces DOJ ScrutinyThe trials of Joe GroiaFirst Trust Energy Infrastructure Fund ("FIF") Attracts $345 Million in IPO

Top Picks in News

Perry supplemented wealth with profitable deals
The Associated PressSeptember 15, 2011

"When he got the cash" from his house sale, "he bought it from me for the $300000 (original purchase price) plus interest," Fraser said, adding that the governor's legal team reviewed the deal and his press office issued a news release on the day of ...more »

Tax wars: A fight worth billions
Financial TimesSeptember 25, 2011

Foreign tax credits are designed in US law to prevent double taxation of companies that do business overseas. Because US companies are taxed on their worldwide income, they are allowed to claim credit for taxes paid in foreign jurisdictions so as to ...more »

Revocable & Irrevocable Trusts. News and Stories

Green Light for Green States (can you Bear it?)
earthtimes.orgSeptember 30, 2011

Because wildlife is not owned, all citizens and therefore the State concerned must act, according to the public trust doctrine. This papers three authors worry that many organisms could be affected by the loss of Federal help. ...more »

Real Estate Investment Trusts Outlook - Oct. 2011
Zacks.comSeptember 30, 2011

Solid dividend payouts are arguably the biggest enticement for REIT investors, as US law requires REITs to distribute 90% of their annual taxable income in the form of dividends to shareholders. The dividend yield for the FTSE NAREIT All REIT Index by ...more »

Timber payments expire with no fix in sight
San Jose Mercury NewsSeptember 30, 2011

Peter DeFazio has proposed a solution targeted at Western Oregon that would split 2 million acres of former Oregon & California Railroad lands into two trusts, one managed for fish and wildlife habitat, and the other leased to a timber company, ...more »

Family trust rules changing as gift duty ends
New Zealand HeraldSeptember 30, 2011

Rodney Dickens says once he knew the legislation was in the pipeline he stopped gifting. Photo / Paul Estcourt When Rodney Dickens set up the Devonport Dominion Trust seven years ago, asset protection was on his mind. ...more »

Innkeepers, Madoff, Blockbuster, A&P, Graceway: Bankruptcy
BusinessWeekSeptember 30, 2011

27 when he ruled that the so-called safe harbor in bankruptcy law bars all lawsuits except claims for money received for actual fraud within two years of bankruptcy. Yesterday, two days after Rakoff's ruling, ABN Amro Bank (Ireland) Ltd. and Rye Select ...more »

THROGMORTON TRUST PLC - Statement re Subscription Share Circular
istockAnalyst.com (press release)September 30, 2011

... you should consult your independent financial adviser authorised under the Financial Services and Markets Act 2000 immediately. If you have sold or otherwise transferred all of your Subscription Shares in The Throgmorton Trust PLC, please forward ...more »

Concern Over Law Enforcement, Hispanic Relations
CBS42September 30, 2011

(WIAT) - For years, law enforcement in Tuscaloosa have worked with Hispanic community leaders to build a cautious sense of trust. Alabama's new immigration law has put a strain on that fragile relationship in less than 24 hours. ...more »

What's Mine is Yours: IRS Issues Estate Tax Portability Guidance
ForbesSeptember 30, 2011

While at law school, I interned at the estates attorney division of the IRS. At IRS, I participated in the review and audit of federal estate tax returns. I even took the lead on a successful audit. At audit, opposing counsel read my report, ...more »

PENSION TRUST FUND FOR OPERATING ENGINEERS v. MORTGAGE ASSET SECURITIZATION ...
Leagle.comSeptember 30, 2011

MASTR Trust 2007-3 (the "Trust") is a New York common law trust and was the "Issuing Entity" for the Mortgage Backed Securities at issue in this case. 2 (Id. at 30). Due to the complexity of the issues involved, the Court will briefly summarize some of ...more »

Beware of the law when it comes to dangerous dogs
The Guardian (blog)September 30, 2011

The suitability of the legislation to deal with such challenges was the topic of a recent roundtable debate, which was hosted by the Guardian and sponsored by Dogs Trust and the British Veterinary Association (BVA). The discussion was held under the ...more »

Gulf Keystone CEO Gained in 'Unusual' Share Deal, Lawsuit Says
BusinessWeekSeptember 30, 2011

The 968000-pound “loan” he made to Gokana didn't have to be revealed under AIM rules, disclosure and transparency rules or the UK Companies Act, he said in an e-mailed statement. Gokana Trust was set up in April 2009 to house 20 million Gulf Keystone ...more »

Afre forensic audit exposes Timba
Zimbabwe IndependentSeptember 30, 2011

This, according to the report, saw his investment vehicle -- Bethel Trust-- making a 33% profit margin. The report also found that Timba had fraudulently withdrawn security from 92 million RTG shares lodged with Metropolitan Bank (MetBank) without the ...more »

Google's Bid to Acquire Motorola Faces DOJ Scrutiny
Tom's Hardware GuideSeptember 30, 2011

Less than a month ago, they surprised everyone by actually noticing that AT&T's attempt to purchase T-Mobile probably runs afoul of US Anti-Trust law, and issued a motion to block the acquisition. And it appears that they're treating Google's proposed purchase of Motorola Mobility with similar skepticism. ...more »

The trials of Joe Groia
CTV.caSeptember 29, 2011

Between 2001 and 2004, they moved $6 million into his law firm's trust account, from which Groia drew legal fees and paid out fines, settlements and other disbursements. Lawyers' trust accounts are commonly used in this manner; in part, they're a way ...more »

First Trust Energy Infrastructure Fund ("FIF") Attracts $345 Million in IPO
MarketWatch (press release)September 29, 2011

The Fund is subject to various risks, including investment and market risk, management risk, investment concentration risk, industry specific risk, cash flow risk, non-US securities risk, failure to qualify as a regulated investment company, tax law...more »

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