Cases in the News Charities Fight, Win Two California Trust Cases
Author: Staff Editors.
Source: Volume 08, Number 05, July/August 2009 , pp.3-4(2)
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Abstract:
Charities were victorious in two recent California cases involving disputes over trusts. Was the Trust Amended? In the first case, Boys and Girls Club of Petaluma v. Walsh (No. 120285 (Cal. App. 1st Dist.)), a California court exercised its statutory authority to modify or terminate an irrevocable trust with the consent of all the beneficiaries. In Nick R. Hughes v. Comm’r (T.C. Memo. 2009-94 (May 6, 2009)), the Tax Court upheld the IRS position on the value of conservation easements contributed to a local conservation organization by a Colorado landowner.Keywords:
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