“Estate of Mary P. Bolles v. Commissioner: Loan, Gift and/or Advancement”
While a loan may continue to accrue interest and result in an enhanced value to the estate, it is also possible that a loan may be discounted at the time of the payee’s death if the maker is insolvent. A factual analysis is often important in determining how such transactions may be treated and loans valued. The Estate of Mary P. Bolles, Deceased, v Commissioner exemplifies some of the important factors that may have a significant impact on how such transactions are viewed for estate and gift tax purposes…click here to view Journal, article is on page 8.
“United States v Sanmina Corporation: A Primer on the Attorney Client Privilege and Work Product Doctrine”
The phrase “better safe than sorry” has been traced back to Rory O’More by the Irish novelist Samuel Lover (1797-1868). Understanding what is covered under the attorney-client privilege and work product doctrine and actions that can result in the waiver of protections that would otherwise be available can be extremely important in preserving privileged communications and work-product. United States v Sanmina Corporation (“Sanmina”) is an excellent primer on the attorney-client privilege, the work-product doctrine, and important distinctions between the two. It also provides an analysis of various actions that might result in the waiver of protections offered under those doctrines and the potential implications attendant to such waiver…click here to view Journal, article is on page 23.
About the Author
Sandra D. Glazier, Esq., is an equity shareholder at the firm in its Bloomfield Hills, MI office. She was also the 2019 recipient of Bloomberg Tax’s Estates, Gifts and Trusts Tax Contributor of the Year Award and Trusts & Estates Magazines Authors Thought Leadership Award and has been awarded an AEP designation by the National Association of Estate Planners and Councils. Sandra concentrates her practice in the areas of estate planning and administration, probate litigation and family law.