McMenomy, global head of Investor Services at CB Richard Ellis Investors in Los Angeles, which invests in real estate for
its own account and for pensions, endowments, trusts, and other large investors.
Lori Anne Douglass, an attorney who specializes in estate planning, estate administration, and real estate for
Kurzman, Eisenberg, Corbin, Lever, and Goodman L.L.P., in White Plains, New York, suggests people approach estate planning with the following steps:
To the extent that amounts remain in an IRA on the account owner's death, the balance is includible in his or her estate for
estate tax purposes under Sec.
Then, in the third year, they will have to mortgage the real estate for
an additional $240,000 to pay the taxes on the $500,000 withdrawal of the pension.
While the higher stock valuation increased the value of the estate for
estate tax purposes, it also resulted in a higher basis in the stock, less the gain on its sale, and an overpayment of the income tax for 1986.
At a pinch they could borrow small amounts of grain for bread from the strivers - for example for funerals, for which one could not ask the estate for
Before entering the real estate services industry, Harbert was deputy executive director of Real Estate for
the Metropolitan Transportation Authority, where he was responsible for leasing, development, acquisition and property management.
If there is both an executor and a trustee, the trustee of the electing trust must timely provide the executor of the related estate with all of the trust information necessary to permit the executor to file a complete, accurate and timely Form 1041 for the combined electing trust and related estate for
each taxable year during the election period [Treas.
Conventional approaches to valuation, inclusion of assets and reduction of the estate for
B's obligations do not accurately address these peculiar circumstances.
Commissioner (TC Memo 1997-32), the 5th Circuit Court of Appeals affirmed a Tax Court decision to include the proceeds from life insurance policies made payable to the decedent's estate in the decedent's gross estate for
federal estate tax purposes.
"You invest in commercial real estate for
two reasons: income and appreciation," says Seriki.
As Vice President of Global Real Estate for
Avon Products, Matthews is responsible for developing and implementing plans for purchase and lease of real estate assets to support Avon's business needs around the world.