The District Court found that the executors of an estate reasonably relied on the erroneous advice of counsel in the late filing of the estate’s federal estate tax return. Read More… Because of a dispute over the... Continue Reading
The Tax Court upheld an IRS assessment of a deficiency in the valuation of two Old Master paintings, Pieter Brueghel the Younger’s Maypole and Jan Brueghel the Elder’s Orpheus, for federal estate tax purposes. The estate of... Continue Reading
Arbitration and trial proceedings are two options that parties may choose when they cannot resolve disputes on their own. Before deciding whether arbitration or a trial is the best method to resolve your dispute, it is important... Continue Reading
An estate owning realty must file Form 4422 (Application for Certificate Discharging Property Subject to Estate Tax Lien) with the IRS if it wishes to transfer real property before filing a federal estate tax... Continue Reading
It is typically very difficult to challenge a will. Approximately 99 percent of wills pass through probate without issue. Wills are seen by the courts as the voice of the testator, the person who wrote the will. Since that person... Continue Reading