T&E Community News

The Conversation Continues at Stites on Estates

On January 6, 2014 I joined Stites & Harbison PLLC as a Member, leading the Trusts & Estates practice in their Louisville office.  I’m very excited to continue the conversation started at KYEstates.com at Stites on Estates, published by me and my colleagues David Porter and Richard Wehrle, and which launches tomorrow.  Thank you for […]

More→

Your Publisher’s New Opportunity at PNC Wealth Management

I am excited to share the news that I am joining PNC Wealth Management on December 28, 2010 as a Senior Wealth Planner in their Louisville office. My colleagues at PNC will include Chris Staples, Jim Turner, and Melanie Warren, who are well known in Kentucky’s T&E Community. PNC’s Wealth Planning Group is led by […]

More→

When Bad IRA Rollovers Happen to Good People

As we approach the Congressional midterm elections (still with no action on the estate tax), one often hears opinions in certain quarters that the government isn’t efficient. Studiously expressing no opinion about these claims generally, KYEstates is pleased to report that they’re untrue in at least one respect: the IRS has become very efficient at […]

More→

Update: Forecasting the Fate of the Estate Tax

KYEstates readers, thanks for your patience. Yes, post volume has been down. That’s not because the transfer tax world has suddenly become boring – perish the thought. Rather, it’s been an extraordinarily busy month. First, your publisher visited his brother in Brooklyn and then went to his 10th Reunion. That was a little tough, because […]

More→

Don’t Let Your Nonprofit Be a “Day Late and a Dollar Short” For Failure to File Its Form 990

KYEstates has previously noted that when the mainstream media covers matters of interest to the T&E Community, results can be spotty in quality or usefulness.  Last week, the New York Times published an exception to this rule – a very important article warning that up to 400,000 nonprofit organizations (i.e., up to one-fourth of the nation’s nonprofits) are […]

More→

Breaking News: The Delta Has Closed

KYEstates has received first-hand eyewitness reports today that after nearly 47 and a half years of operation, The Delta Restaurant and Lounge has closed its doors.  The restaurant was an institution for Louisville’s legal community in general and for the T&E Community in particular.  A notice posted on the door cites the owner’s desire to […]

More→

Announcing the KYEstates Estate Tax Forecasting Contest

KYEstates readers, do you miss the halcyon days of 2003, when Howard Dean told us that “you have the power“? We can’t bring those days back, but we are happy to report that in 2010: You have the power…to let your own voice be heard about what is going to happen with the estate tax. […]

More→

KYEstates Announces The “Glom On” Prizewinner; Kentucky Enacts UPMIFA

KYEstates issued a high-stakes challenge here in our discussion of the taxpayer FLP win in Estate of Petter v. Comm’r, T.C. Memo. 2009-280, 2009 WL 4598137 (U.S. Tax Ct. 2009).  We said: Count not your day a loss: you have now read the phrase glommed onto in a Federal court’s opinion.  Find that phrase in another […]

More→

Kentucky Legislative Update: HB 188 Passes Senate; Awaits Governor’s Signature

In welcome news for the Kentucky T&E Community, HB 188 passed the Senate unanimously yesterday.  (Status update here.)  KYEstates encourages Governor Beshear to sign the bill.  We’re on the verge of some welcome improvements to Kentucky’s probate laws.  (Thanks to Jim Worthington for alerting KYEstates to this good news.)  For detailed coverage of HB 188′s […]

More→

An Early Springtime In Frankfort: HB 188 Advances in Kentucky Senate

KYEstate$ has previously reported on HB 188.  In an important development in Frankfort on March 4, HB 188 was reported favorably by the Kentucky Senate’s Judiciary Committee.  The bill has been placed on the Senate’s consent calendar, and prospects for its passage look reasonably positive.  The bill’s status report is here. Representative Tom Kerr was […]

More→