Week of February 28, 2010

KYEstate$ reader Dan MacLean of Hilliard Lyons kindly sent along a link to Hilliard’s recent Investment Strategies Report discussing “Causes of the Great Recession“.  Thanks, Dan!

Thanks also to KYEstate$ reader Marc Jackowitz of UBS, who shared two pieces on Roth conversions – one from UBS, and the other from Nuveen (you will have to log in to the Nuveen site to get their white paper).

The University of Louisville’s Family Business Center and Northwestern Mutual are presenting a seminar on family business governance on March 11 at Brown-Forman.

The Voice-Tribune recently published a good article on the revitalization of Crescent Hill.  The Voice will be busy this weekend, because Speed Ball XXXVII (men – don’t you feel better wearing black tie if the event has some roman numerals attached to it, so you can pretend it’s the Super Bowl?) is Saturday, March 6.  KYEstate$ can’t compete with the Voice in covering Louisville’s signature charity event, but we’ll try to contribute something unique and different to the coverage.  Readers: if we run into each other on Saturday night, let’s try hard not to discuss transfer taxes, shall we?  Our spouses will thank us….

Judge David Bowles of the Jefferson District Court wishes to advise attorneys practicing before him regarding compliance with CR 7.03.

KYEstate$ readers will recall that CR 7.03 requires redaction of social security numbers, tax identification numbers, financial account numbers, and [in probate cases] the month and day of a person’s birth.

Judge Bowles has been very cooperative in the transition to this new rule since it became effective on April 1, 2009.  He first provided a grace period, then made redactions himself, and finally had counsel redact their own pleadings in court before their case was called.

Judge Bowles quite reasonably believes that one year is enough transition time.

Accordingly, he wants the Jefferson County T&E bar to know that effective April 1, 2010, if a pleading is submitted for a day’s probate docket that is noncompliant with CR 7.03, the pleading will removed from the docket, and Judge Bowles and the Probate Clerks will not permit the pleading to be added back to the same day’s docket.

Speed Ball XXXVII went off with nary a hitch on Saturday night.  We’ll leave the detailed reporting to the Voice, but they might not recognize that T&E Community members are as glamorous as, well, we think we are, so we’ll make a small report ourselves.  Clients were out in force, but as a general rule, KYEstate$ does not report on them.  As for the T&E Community, it was well represented, as one would expect.  Wayne Wilson of Goldberg Simpson, Dick Clay of Dinsmore & Shohl, Mike Mountjoy of Mountjoy Chilton Medley, Tom Halbleib of Stites & Harbison, and Louis Straub of Chase were there, along with a particular mayoral candidate KYEstate$ will not name, motivated by a desire to keep this report politically objective.  Daron VanVactor of First Kentucky Trust Company and Kent Gregory and Gwathmey Tyler of Sterling G. Thompson Company were also there.  (If you need really good looking cufflinks and studs or formal shoes, talk to Daron – he has The Fashion Post on speed dial.)  The event was crowded, so KYEstate$ may have missed some of the attendees; if so, please let us know!