Insights

Minors’Accounts Present Troubling Tax and Practice Problems

Parents and grandparents who wish to make gifts to minor children and grandchildren are sometimes advised to...

Pension and IRA Benefits May Be Best Source of Charitable Gifts

Amounts contributed on a pre-tax basis to "qualified plans" such as a pension, profit-sharing, 401(k) plan, Keogh...

Simultaneous Gifts of Closely-Held Stock Not Aggregated for Valuation Purposes

In a recent Technical Advice Memorandum ("TAM"), the IRS concluded that when gifts of closely-held stock are...

Uniform Commercial Code Changes

On October 12, 1994, Governor Whitman signed into effect a bill which enacted Chapter 2A (regulation of...

Listing of Collateral Agent on UCC-1 Financing Statement

In the Ninth Circuit Federal Court of Appeals decision in Chemical Bank v. Security Pacific National Bank,...

Proposed Foreclosure Legislation

The New Jersey legislature is considering several bills which would effect major changes in New Jersey foreclosure...

Assignment of Rents

Whether a debtor has a property interest in rents derived from mortgaged property after the execution of...

Bankruptcy Code Amendments

The Bankruptcy Reform Act of 1994 was recently enacted and is effective as to all cases filed...

Interstate Banking and Branching Act Becomes Law

On September 29, 1994, the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 was signed into...