Proposed regulations under the Internal Revenue Code are designed to eliminate or significantly reduce the discounts that will be available when valuing interests in family-owned entities for gift, estate and generation-skipping transfer tax purposes. Katie Groblewski explains the implications.
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Washington is one of only 10 community property states in the United States. Ellen Jackson shares the basics on community property law and how it pertains to estate planning.
On July 25, 2016, in Bero v. Name Intelligence, Inc., the Washington Court of Appeals held that a receivership could be terminated without resolving all timely filed claims. Tom Lerner explains how creditors who want to be sure that their claims are adjudicated in a receivership will have to take a more active role in the litigation than has typically been required.
This is Part 2 in a two-part series on creditors' claims on estates. Part 1 reviewed the basics for filing creditors' claims against an estate. This segment reviews the process for filing a suit when a claim is rejected.
This is the first installment in a two-part series addressing creditor claims against an estate. This segment reviews how to file a creditor's claim with an estate when the decedent owes a debt.
The Washington Court of Appeals summarized settled law governing the interplay between an installment promissory note secured by a deed of trust, a bankruptcy discharge, and the statute of limitations. Tom Lerner describes how the court also clarified that service of a foreclosure notice of default is enough to stop the statute of limitations from running.