Sufficient evidence must support valuation date
In this marital dissolution case, the issue was the appropriate valuation date for the parties’ 85 operating entities, which, in turn, owned more than 100 residential rental real estate properties.
Scharfman v. Scharfman
In this marital dissolution case, the issue was the appropriate valuation date for the parties' 85 operating entities, which, in turn, owned more than 100 residential rental real estate properties.
Lost Profits Awards Affirmed in Breach of Distribution Agreement Case
The California Court of Appeal for the 3rd District affirmed an arbitrator’s award of lost profits in this breach of contract case that resulted in the destruction of Barker’s business.
Assets transferred to FLP part of estate
Prior to his death, decedent transferred his life interest in his residence, rental properties and other real properties, and investment accounts to the Reichardt Family Trust and Reichardt ...
Estate of Reichardt v. Commissioner
114 T.C. No. 9 UNITED STATES TAX COURT ESTATE OF CHARLES E. REICHARDT, DECEASED, WILLIAM D. REICHARDT, INDEPENDENT EXECUTOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 1224-98. Filed March 1, 2000. Decedent (D) had two children, C and W. On June 17, 1993, D formed a revocable family trust (the trust) and a family limited partnership (the partnership). The trust was the general partner of the partnership. D, C, and W were ...
Value of Assets Transferred to a Limited Partnership Is Included in Decedent’s Gross Estate
The Tax Court determined that the estate must include the value of partial interests in real property in its gross estate under IRC sec. 2036. The decedent owned interests and life interest in real property. He had the power to consume the property in w ...
Assets Controlled by Decedent After Transfer to FLP Part of Estate
Prior to his death, decedent transferred his life interest in his residence, rental properties and other real properties, and investment accounts to the Reichardt Family Trust and to Reichardt Partners Ltd., a family limited partnership of which the trust was the only general partner.
Damages Equaling to the Fair Market Value of the Land Awarded Against Developer for Trespass
The Missouri Court of Appeals for the Eastern District affirmed the lower court's calculation of damages for misappropriation and trespass where the real property has been destroyed.
James Hostler v. Green Park Development Company, et al.
The Missouri Court of Appeals for the Eastern District affirmed the lower court's calculation of damages for misappropriation and trespass where the real property has been destroyed.