Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
2016 Budget Targets Retirement
In February, the Obama Administration's Fiscal Year 2016 Budget (http://1.usa.gov/1CFdUKt'(150 pages)) was published, along with the Department of Treasury's Greenbook. The Greenbook (http://1.usa.gov/1vCZLZj (312 pages)) is a detailed explanation of the President's proposed budget. Because the proposed legislation must pass a Republican-led Congress, the President's budget may be “aspirational.” It is a good indicator of the tools the Administration is prepared to use to fund its wish list.
This year's version of the budget included a number of provisions targeting retirement plans. The Administration's attack on retirement savings have been a regular feature of budgets in recent years. It is of interest how many proposals were targeting retirement accounts, and how many new proposals there are. The budget featured over 15 provisions that, if they were to become law, could change the planning that has previously been permitted. The reference in the Greenbook to end Crummey powers in irrevocable life insurance trust is entirely consistent with the money grab. See Greenbook , p. 204. Additionally, if you consider proposed changes in President Obama's State of the Union address to tax the appreciated assets in a decedent's estate in addition to estate and inheritance tax, the Administration supports a confiscatory orientation to taxation.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.