Grantor retained annuity trusts are a method that the ultra rich use to avoid gift taxes. Many lawyers insist that these trusts are a cornerstone of any sound estate plan.
"Mbube", a song that morphed into "The Lion Sleeps Tonight", illustrates the convoluted legalities surrounding music publishing rights and payments.
Many of America's biggest corporations rely on temp workers to make up an ever increasing portion of their work force. This has led to a boom in the temp agency industry and a sharp decline in temp workers' quality of life.
For years in Malibu, CA, homeowners have tried to hide public access points to local beaches in order to prevent people from using them. A recently released app has tipped off the public as to exactly where these access points are, causing an outcry from the homeowners.
Sly Stone's history of drug addiction and eccentricity is well known. But, a recent California Court of Appeals ruling details how a series of ill advised business deals left Stone destitute. [more inside]
After several failed attempts against other schools, a lawsuit against Thomas Jefferson School of Law for providing misleading employment data to prospective students is moving forward.
Thought the "rubber rooms" where New York City teachers were sent to wait for disciplinary hearings were closed? Not so much. [more inside]
Many people say that a law degree enables the holder to do virtually anything. Am Law Daily explores the logical fallacies behind this statement.
Discover Magazine posted a couple of blog entries about the law school scam as a cognitive bias and why law school tuition isn't more dispersed.
Benula Bensam, not having landed a summer job, decided to attend the Rajat Gupta trial. She felt that some of the judge's evidentiary rulings were incorrect, and so sent him three letters. The judge, Jed Rakoff, was not amused.
Dalal al-Mutairi, the senior book censor for the Kuwaiti government, sits down for a chat about her job and what it entails.
A report by the ABA shows that some law schools hire as many as 15% of new graduates in an effort to boost employment numbers.
With the number of LSAT test takers in sharp decline, has the law school tuition bubble finally burst?
Tom Monaghan had a dream: To create a law school and surrounding community that would adhere strictly to Catholic values. Things have not gone according to plan. [more inside]
David Grann of the New Yorker writes about the power of the Aryan Brotherhood inside America's federal prisons.
There has been an increasing outcry over the bleak job prospects facing law school graduates. Paul Campos, author of the "Inside The Law School Scam" blog, argues that continued high enrollment at law schools may be due to "lemming psychology".
Want your new law school to get accredited by the American Bar Association? Be prepared to jump through some hoops.
Samir Zia Chowhan, sensing a prime opportunity in this down economy, set out to hire a secretary who could not only do the typing and filing, but could also engage in group sex with Chowhan and his law partner. The Illinois Supreme Court found that this is conduct unbecoming of an attorney and suspended Chowhan's law license.
High school student Emma Sullivan posted a tweet disparaging Kansas Governor Sam Brownback while on a field trip to the State Capitol. Brownback's staff called Sullivan's principal and complained. This has not resulted in postive PR for Brownback.
Professor Herwig Schlunk of Vanderbilt University explores whether a law degree is a good investment today. (SSRN link) [more inside]
There are an increasing number of homeless military vets living in Los Angeles. The VA in Los Angeles has a 400 acre parcel of land meant to house vets. Slight problem: the VA has decided to lease the property to various area businesses instead of using the land for its intended purpose.
Over the past couple of months, there have been a series of scandals that have rocked the legal education community. First, there were tandem lawsuits against Thomas M. Cooley School of Law and New York Law School for misrepresenting jobs data. Then, Villanova University and the University of Illinois were found to be fudging their employment numbers. A legal team is now preparing to sue 15 different law schools because of misrepresentations made to students regarding job and salary data.
Hartwick College, a small school in New York's Catskills, is the beneficiary of a trust that “could ultimately shatter the nation’s financial structure.”
Welcome to Exam Village, a neighborhood in Seoul where people live while studying for various professional entrance exams.
The job market is saturated and graduates are unable to get hired anywhere to get proper training. Law professors Richard Rhee and Bradley Borden have a solution: law schools should open their own law firms.
Homeowners are using a little known loophole in the bankruptcy laws to shed their second mortgages.
The Douglass Blvd. Christian Church in Louisville, Kentucky has voted to stop signing marriage licenses until gay marriage is legalized by the state.
Matt and Jamie Danielson, with the aid of their bankruptcy attorney, were able to use a little known loophole in the Iowa law to void their mortgage and own their house outright after making just one payment. However, further investigation has uncovered some unsavory events in the couple's past.
With the crackdown on smoking and higher cigarette taxes in New York City, people who sell individual cigarettes, also known as loosies, are rapidly gaining new customers.
Betty Anne Waters's brother Kenny was sent to prison for first degree murder and armed robbery in 1982. Over the next 16 years, Betty Anne got her GED, college degree, and law degree, all in an effort to prove Kenny was innocent. With the assistance of the Innocence Project, Betty Anne was able to use DNA evidence to show Kenny was innocent. [more inside]
Patsy Campbell has been fighting her foreclosure in Florida courts for the past 25 years. She has not made a mortgage payment since 1985 while foiling the efforts of several banks to evict her from her home in Okeechobee, Florida.
Jonathan Blattmachr, one of the country's leading estates and trusts experts, feels that helping his clients reduce their tax liability helps the IRS close loopholes that he and his colleagues use. As with most attorneys, there are some clients who weren't happy with his work, but Mr. Blattmachr pushes on with his efforts.
A third year law student at Boston College doesn't like the prospects he has after graduation, so he decided to ask the dean for a refund.
Tony Washington, an NFL prospect, has a black mark on his record. At the age of 16, he was convicted of incest for sleeping with his then 15 year old sister, and forced to register as a sex offender. Washington feels this is the reason he is being ostracized by the NFL.
The Smoking Gun has come into possession of an unusual RFP from the DEA: they want 'Ebonics experts' to help decipher wiretaps.
Want to fire a teacher in the LA Unified School District? Be prepared to spend several years and hundreds of thousands of dollars to do so. [more inside]
Debt buyers have become a multi-billion dollar industry. They buy old debts and then litigate in an effort to collect with little or no evidence. [more inside]
Home Depot was having an issue with employees cutting their fingers off while sawing wood for customers. Michael Powell invented a safety device that Home Depot then copied without Powell's permission. Today, Powell won a $25 million judgment in federal court. [more inside]
A medical marijuana provider in California is mounting a novel defense after his marijuana farm was raided by Federal agents. [more inside]
The capture of Adolf Eichmann is one of the more daring spy operations in the post WWII era. The story spans 17 years, beginning with Eichmann's clandestine escape from the Allied forces and the Nuremberg trial, and ending with his hanging in Israel. [more inside]