Tuesday, September 10, 2013
It's time for this month's Professor's Corner, brought to you by the ABA Real Property Trust and Estate Law Section. This month will be a little different because we are switching from audio only calls to webinars.Wednesday, September 11, 2013
12:30pm Eastern/11:30 am Central
Register online at http://ambar.org/professorscorner
September’s Program: “Implications of Same-Sex Marriage for Real Estate and Trust/Estates Practitioners”
Either by court decree, legislative action, or referendum, same-sex marriage is now legally sanctioned in 13 states and the District of Columbia. Thirty percent of American citizens now live in same-sex marriage jurisdictions. Demographic trends suggest these numbers will likely increase in the years ahead.
The availability (or unavailability) of same-sex marriage presents challenges for lawyers handling real estate transactions and estate and tax planning for same-sex couples. September’s Professors’ Corner webinar features two outstanding and highly-regarded experts to address these challenges.
Professor Patricia Cain, Santa Clara University School of Law. Professor Cain is a national expert in federal tax law and sexuality and the law. She previously taught for 17 years at the University of Texas and for 16 years at the University of Iowa, where she held the Aliber Family Chair in Law and also served as Interim Provost and later Vice Provost. She has taught at Santa Clara since 2007. Her area of specialization is taxation and estate planning for same-sex couples. She is a Fellow of the American College of Trust and Estate Counsel, and is a frequent lecturer on tax and estate planning for same-sex couples at state and national CLE programs.
Tamara E. Kolz Griffin, Associate Director of the Estate Planning Clinic, Harvard Law School Legal Services Center. Griffin received her law degree from Harvard and a LL.M. in Taxation from Boston University. At Harvard, she teaches a seminar on estate planning and supervises clinical students in the areas of estate planning, permanency planning and probate matters. She was previously a partner in the Private Wealth Services Section of the Boston office of Holland & Knight, LLP, and still maintains a private practice serving clients with estate planning needs. She is a Fellow of the American College of Trust and Estate Counsel, and has given numerous presentations to national, state and local groups on matters related to same-sex estate planning.
Register for this FREE program at http://ambar.org/professorscorner and join us on Wednesday, September 11!
I'll be hosting the call. I hope you can join us!
Thursday, April 28, 2011
A childhood full of playing Dungeons & Dragons and trading Magic: The Gathering cards has left me far too interested in the Royal Wedding (it is, sadly, the closest I'll ever get to wearing chain mail or wielding a broad axe). Luckily, there's at least a little overlap between my scholarly interests and the pageantry of Will and Kate's nuptuials. As far as I can tell, the wedding raises at least three property issues:
1. The shortage of hotels has inspired many Londoners to rent out their homes and become temporary landlords. One expert estimates that London homeowners stand to take in an estimated $170 million in rents during this week. Prices range from $50 a night for a single room in a private home to more than $6,000 a week to rent an entire house in central London.
2. Royal watchers are gossiping about whether Kate and Will have signed a prenuptial agreement. Family Law Solicitor Louise Liu speculates that even though William is worth $45 million, it's unlikely he's been encouraged to get a prenup with Kate. According to Liu, while prenups are routine in the U.S., they are persuasive but not legally binding in England.
3. What titles will the Queen bestow on William and Kate? All titles are gifts from the monarch, so it is the Queen's perogative to choose which one to grant to her grandson and his new wife. As the Telegraph explains, "Tradition dictates that royal men receive a title on their wedding - and often more than one." Leading contenders include the Duke of Cambridge, the Duke of Sussex, and the Duke of Clarence. A couple of Duchies produce serious income. Prince Charles' Duchy of Cornwall estate, which stretches over 135,000 acres in the south-west of England, has an estimated value of $1 billion (647 million pounds) and produces $25 million a year in profits. One final note on titles; according to tradition Kate would not become HRH Princess Catherine of Wales because she is not a Princess in her own right. Instead, she becomes HRH Princess William of Wales.
If you're looking for me tomorrow, I'll be the guy having tea and crumpets, glued to the TV.