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Cite as: CSX Corporation v. The Children's Investment Fund Management (UK) LLP, 08-2899-cv (L), NYLJ 1202503282709, at *1 (2d Cir., Decided July 18, 2011)Before
IRS backs novel way to avoid gift taxes
By TOM HERMANAP - Bolstered by a recent IRS ruling, a small but growing number of wealthy individuals are cutting their tax bills by prepaying family members' tuition bills for multiple years.Tax advisers say this technique could be a smart move for people with large estates who want to pay for a student's tuition and fear they might not live long enough to pay as the bills come due each year.Some Small, Mid-Sized Firms Begin Planning for Succession
While succession planning can be a sensitive topic in mid-size and small firms where senior partners have held the reins for generations, several New York firms are confronting the issue head on, laying the groundwork for an orderly transition of business development and leadership.Firms face different real estate realities
Slow job growth coupled with high vacancy rates have created a renter's market for small and midsize Washington law firms. Yet larger law offices that will soon be looking for new digs will have fewer options.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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Law Offices of Mark E. Salomone
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Smith & Hassler
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