Laura Hoexter

Newman’s Own Scores a Win

Taxation

Newman’s Own Foundation, which has donated over $500 million to charities over 35 years, has been fighting to change the law that requires private foundations to divest themselves of certain investments. Private foundations are prohibited from owning “excess business holdings” (IRC Section 4943). An “excess business holding” is an ownership interest of more than 20% […]


Laura Hoexter

Will Valuation Discounts for Family-Controlled Entities be Eliminated?

Business, Estate Planning and Probate, Wealth Transfer

Many families establish Family Limited Partnerships (FLPs) or Limited Liability Companies (LLCs) and then gift interests in these entities to their children.  In doing so, they take advantage of valuation discounts (discounts for the lack of marketability of a family-controlled entity and for minority interests), and pass significantly more value than could be claimed for […]


Laura Hoexter

Preventing Tax Scams

Taxation

Despite its additional diligence, this year the IRS is predicting that we will see the highest rate of tax scams, from aggressive calls “from the IRS” asking for payment to third parties stealing your identity and filing tax returns in your name. Knowing what to look for and taking a few precautions will help you avoid these scams.


Laura Hoexter

The Case of the Casket

Estate Planning and Probate, Litigation

Who owns Lee Harvey Oswald’s Coffin?
On November 22, 1963, Lee Harvey Oswald killed President John F. Kennedy. Two days later, Oswald was shot and killed by nightclub owner Jack Ruby. Immediately following Oswald’s death, his brother, Robert Oswald, began making funeral arrangements. Robert purchased flowers, a dark suit and a pine coffin for his brother.