In Estate of Heller, the Tax Court addressed a question of first impression: whether an estate may take a theft loss that befell property it didn’t hold directly.
While most advisors feel that it’s not their responsibility to identify charities that clients should support, they can help many of their clients understand how to best vet and work with nonprofit organizations.
Duke University recently filed a claim against the estate of Aubrey McClendon for payment of nearly $10 million in outstanding charitable pledges, once again raising the question of whether and to what extent charitable pledges are legally enforceable.
Martin M. Shenkman, Jonathan Blattmachr, Ira S. Herman and Joy Matak
Every wealthy client, and every practitioner who advises wealthy clients, needs to understand how these regs affect planning opportunities and react to this quickly.
Republicans in the House of Representatives and the Senate have introduced bills to derail the Proposed Regulations under Section 2704 of the Internal Revenue Code.
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Every wealthy client, and every practitioner who advises wealthy clients, needs to understand how these regs affect planning opportunities and react to this quickly. 
