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Abstract: 

Sole Remaining Beneficiary of a Charitable Trust Can Force Termination. A federal district court in Maryland has held that a church is entitled to terminate a charitable trust of which it is the sole remaining beneficiary, over the objection of the bank trustee. The case is The Convention of Protestant Episcopal Church of the Diocese of Washington v. PNC Bank. Another Conservation Easement Deduction Denied for Lack of Substantiation Over the last year or so, the Tax Court has upheld the IRS disallowance of charitable deductions on a number of occasions where, irrespective of the bona fides of the underlying contribution, the donor simply failed to obtain a contemporaneous written acknowledgment of the donation as required by IRC §170(f)(8). The recent case of DiDonato v. Comm’r is one more decision in that series, but the facts make uswonderwhat the donor could have done better.

Keywords: Conservation easements

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