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Results: 1-9 of 9

Federal courts can enjoin state court litigation of arbitrable claims

  • Leonard, Street and Deinard
  • -
  • USA
  • -
  • May 3 2013

In a new case that reminds federal judges everywhere to sing "I've got the power!" like C&C Music Factory, the Fifth Circuit reiterates that federal

2006 Frank Calandra, Jr. Irrevocable Trust v. Signature Bank Corp., 816 F. Supp. 2d 222 (S.D.N.Y. 2011)

  • McGuireWoods LLP
  • -
  • USA
  • -
  • July 26 2012

Bank holding trust accounts not liable for trustee’s breach of trust

Life insurance proceeds received by limited partnership not included in gross estate of insured limited partner

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • January 21 2010

In Private Letter Rulings 200947006 & 200948001, the IRS considered whether a series of transactions among a partnership, corporations and trusts which altered the ownership and beneficiary designations of two life insurance policies required inclusion of the policies in the insured’s estate

French v. Wachovia Bank, N.A., 2011 U.S. Dist. Lexis 72808 (E.D. Wisconsin 2011)

  • McGuireWoods LLP
  • -
  • USA
  • -
  • March 21 2012

Corporate trustee did not breach its duties by exchanging insurance policies for new policies obtained through its affiliate

Insurance company not liable for cutting life insurance check to wrong trust

  • Bryan Cave LLP
  • -
  • USA
  • -
  • April 24 2013

Thomas and Michael Tessier allegedly bilked Frederick and Thaddeus Jakobiec and the estate of their mother, Beatrice Jacobiec, out of millions of

Federal District Court for Arizona rejects taxpayers' calculation of stock basis attributable to sale of stock from various insurance companies that had previously converted from a mutual based to a stock based company: Dorrance v. United States, 110 AFTR

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • July 13 2012

A district court in Arizona has rejected cross motions for summary judgement filed by the taxpayers and the government in a tax refund case involving the amount of basis that could be established with respect to "equity" type rights that a policyholder had in several life insurance policies issued by a mutual insurance company which was demutualized into a stock company

Do you still have title and other insurance on your house and other real property?

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • May 19 2009

While not a tax issue per se, the problem discussed here often arises as a result of transfers of real property that were made for income or estate tax planning purposes

Tax Court finds that life insurance proceeds were estate tax includible on account of decedent’s retained incidents of ownership, that annuities were estate tax includible, and that estate was liable for failure to file timely penalty Estate of Coaxum v

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • August 5 2011

In Coaxum v. Commissioner, the Tax Court found that the decedent retained incidents of ownership in six life insurance policies, rendering their values includible in the gross estate, that the value of the annuities owned by the decedent was includible in the gross estate, and that the estate was liable for a failure to file timely penalty

Illinois' doctrine of adverse domination requires proof of complicity

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • February 9 2012

For much of the 1980s and 1990s, Intercounty Title Insurance Company provided real estate closing and title insurance services in the Chicago area to Stewart Information Services