IRS Releases Revenue Procedure 2016–41

In a news bulletin released late last month, the IRS issued a Revenue Procedure, 2016–41. The document’s purpose is to,

sets forth the procedure for an organization to notify the Internal Revenue Service (IRS), consistent with section 506 of the Internal Revenue Code (Code), that it is operating as an organization described in

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New North Carolina Law Allows Fiduciaries Access to Digital Assets, but Only If … by Jean Gordon Carter, Andrea C. Chomakos, Melissa L. Kreager and E. Graham McGoogan Jr.

An issue that is becoming more and more relevant in recent years is digital assets, specifically what becomes of them after an individual becomes incompetent or dies. In their article, Jean Gordon Carter, Andrea C. Chomakos, Melissa L. Kreager and E. Graham McGoogan Jr. discuss a new North Carolina law granting … Continue reading

Rethinking Premarital Agreements: A Collaborative Approach by Elizabeth Ruth Carter

Elizabeth Ruth Carter, Louisiana State University, Baton Rouge – Paul M. Hebert Law Center, has made available for download her paper, “Rethinking Premarital Agreements: A Collaborative Approach.” The Abstract reads,

Scholars and lawyers have told us to be wary of premarital agreements — unfairly characterizing them as being coercive, unfair, sexist,

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May the donee of a limited testamentary power of appointment irrevocably and immediately exercise it inter vivos by contract? by Charles E. Rounds, Jr.

In his post, Charles E. Rounds, Jr. reviews and comments on a recent case in the Delaware Chancery Court which confirmed that the donee of a limited testamentary power of appointment may not irrevocably, immediately, and effectively exercise it inter vivos by contract. Rounds begins,

The Delaware Chancery Court [In

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REG 163113-02: IRS Issues Changes to Section 2704(b)

The IRS recently issued the long-awaited changes to Section 2704(b). The document is summarized as follows,

This document contains proposed regulations concerning the valuation of interests in corporations and partnerships for estate, gift, and generation-skipping transfer (GST) tax purposes. Specifically, these proposed regulations concern the treatment of certain lapsing rights and restrictions

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