Insights

In today’s rapidly appreciating real estate market, it is oftentimes desirable for asset protection purposes to separate the ownership of real property from the ownership of an operating business that utilizes the real property, particularly when the operating business is especially susceptible to lawsuits for malpractice or negligence. For example,…

On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the “Act”), making the most significant change to the Bankruptcy Code since 1978. Most of the changes made by the Act do not go into effect until October 17, 2005. A…

On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the “Act”), making the most significant change to the Bankruptcy Code since 1978. Most of the changes made by the Act do not go into effect until October 17, 2005. A…

Whether you are a foreign owner of U.S. real estate, a buyer purchasing from a foreign owner of U.S. real estate, or a real estate professional advising the parties, you should be aware of each party’s tax and withholding obligations. In 1980, Congress enacted the Foreign Investment in Real Property…

Decoupling. No, I am not going to discuss divorce, or trains, or what happens after love bugs hit your windshield. To an estates and trusts attorney, “decoupling” has a much more ominous meaning. Estate taxes — state estate taxes. As you know by now, federal legislation enacted in 2001 phases…