In October, 2006, the Real Property, Probate & Trust Law Section of the American Bar Association unveiled its new RPPT eReport, a bi-monthly electronic newsletter by that Section on important developments in its two substantive practice areas. A second edition was recently posted online.
This was the Section's introduction to the initial RPPT eReport:
A new bimonthly publication created by the Section of Real Property, Probate and Trust Law provides lawyers with the latest in those fields of law. Debuting in October, the RPPT eReport includes in-depth articles, section group and committee news, news on hot continuing legal education programs, and special focused information for groups such as young lawyers and law students.
Among the news featured in the inaugural newsletter is an overview of items of specialinterest to estate planners about the new Pension Protection Act of 2006. Information includes the application for, and requirements of, charitable contributions of individual retirement accounts in 2006-2007; as well as a summation of charitable contribution reforms made in the new law.
A second article focuses on curtailing the detrimental effects of identity theft, including detailed information about interacting with the credit bureaus, Equifax, Experian and TransUnion Corp. New proposed “red flag rules” require financial institutions and creditors to have a written program based upon the risk assessments of the financial institution or creditors that includes controls to address the theft risks identified. The rules were published in the Federal Register in July of this year.
Finally, a "Technology" feature addresses such topics as computer data back-ups.
The RPPT eReport is made available both to its Section members and non-members alike.
The first issue of the RPPT eReport can be found online here, with these contributions under the heading of "Probate & Trust News":
- Pension Protection Act of 2006 – Overview of Items of Particular Interest to Estate Planners - by Steve R. Akers
- ACTEC 2006 Summer Meeting Musings - by Steve R. Akers
- "Trifecta” Bill Rejected By Senate - by Amy E. Heller
- Draft Form 706 Requires Disclosure of Lifetime Sales to Trusts - by Amy E. Heller
- Patenting Tax Advice: GRAT Case Stirs Debate - by Amy E. Heller
- The Pension Protection Act's New Appraiser Penalties - by Amy E. Heller
The second issue of the RPPT eReport can be found online here, with these contributions under that same heading:
- Estate of Korby v. Commissioner—Eighth Circuit Court of Appeals Upholds Including Partnership Assets Under §2036 - by Steve Akers
- McCord v. Commissioner: Fifth Circuit Upholds Defined Value Gift and Allows Offsetting Gift Value by Contingent Assumed Liability for Estate Tax if Donor Dies Within Three Years - by Steve Akers
- Year-End Planning to Minimize Florida Intangible Personal Property Tax Liability No Longer Necessary - by Amy Heller
- IRS Rules That Stock in New York Cooperative Apartment is Real Property For Purposes of Code § 1031 - by Amy Heller