GCK On Law
Top 5 Reasons for an Attorney-Prepared Estate Plan
Clients often balk at the cost of hiring a qualified and experienced attorney to prepare their estate plan when so many low cost options exist on the internet. The cost of an online form can be as low as $60 or $100, while attorney’s fees to prepare an estate plan...
Derivative Standing & Prior Court Approval under Bankruptcy Code Section 1103(a)
In In re Perkins, 902 F.3d 1254, 1258 (7th Cir.2004), the Seventh Circuit set out three elements for derivative trustee standing to pursue a cause of action held by the bankruptcy estate: The trustee unjustifiably refuses a demand to pursue the action; The creditor...
Delinquent Taxpayers Face Potential Denial or Revocation of Passports
By law dated December 4, 2015, Congress authorized a procedure to allow the IRS to restrict passport rights for taxpayers with “seriously delinquent tax debts.” The persons affected include taxpayers who: (i) owe $50,000 or more in aggregated federal tax, penalties,...