Traditionally, most individuals are familiar with the Will as their major estate planning document. Read More
The IRS issued Rev. Proc 2000—37, ‘ which provides a new safe harbour that may be used to qualify a reverse like-kind exchange for real estate as a tax-deferred exchange under section 1031. Read More
TRA ’97 added IRC Section 645, which permits an executor and a trustee to elect that a qualified revocable trust be treated and taxed as part of a descendent’s estate for income tax purposes. Read More
In a recent case, the Tax Court held that a withdrawal from an IRA (individual retirement account) was a taxable event even though the IRA owner claimed that it was a nontaxable transfer pursuant to a divorce decree. Read More
When the estate of celebrated video artist Nam June Paik recently gifted the artist’s archives to the Smithsonian American Art Museum, it turned to McLaughlin & Stern Partner T. Randolph Harris to represent its interests. Mr. Paik, a video art pioneer, spent more than five decades creating robots, musical compositions, […]