Kaufman and Canoles



Private Client Services Update - Minority & Marketability Discounts & Asset Protection
In many of the tax bills currently introduced in Congress, there are provisions which would eliminate or severely restrict the use of “minority interest” and “marketability” discounts, which have been utilized for years in both the estate and gift tax areas to reduce the value of interests in closely owned entities in order to save taxes.
By James G. Steiger and Private Client Services

Private Client Services - 2009 Virginia Legislative Update
The 2009 Virginia legislative session resulted in several important changes to trusts and estates law, effective July 1, 2009.
By Sarah E. Messersmith and Private Client Services

SEC Adopts Amendments to NASD Rule 2720 - Conflicts of Interest in Securities Offerings
On June 15, 2009, the Securities and Exchange Commission (“SEC”) issued SEC Release No. 34-60113 approving an amendment to NASD Rule 2720 proposed by the Financial Industry Regulatory Authority (“FINRA”). This amendment will become effective on September 14, 2009.
By Corporate & Public Finance

Employment Law Update - Fall 2009
In This Issue:
- Former EEOC Chair Provides Candid Views at K&C Seminar 
- Unemployment By The Numbers
- DOL To Hire 250 New Investigators To Enforce Wage-Hour Laws
- EEOC Ramping Up For Rising Workload
- 26th Annual Employment Law Update: Your Employment Law Survival Kit
By Labor & Employment

Safe Sex Still Careless and Reckless Operation
Many, if not most, commercial helicopter pilots know and value the adage: “There are old pilots and bold pilots, but there are no old, bold pilots.” Occasionally, however, someone does something truly bold that makes you wonder whether they ever hope to get old. A very recent case decided by the National Transportation Safety Board involved just such an incident, where a pilot was involved in a videotaped sex act while flying over Southern California. While the facts are titillating, the decision by the NTSB to uphold the revocation of his license also underlines an important legal point. You don’t actually have to put yourself or your passengers in imminent danger to be in peril of losing your license.
By W. Hunter Old

Difficult Depositions, VA CLE, August 2009
R. Johan Conrod Jr. recently presented the Virginia CLE titled, "Difficult Depositions."
By R. Johan Conrod Jr.

Filing En Route May Not Be the Best Option
Time is short and your local flight service station’s phone is busy. Your passengers are anxious to get underway. No worries, you can file a flight plan en route, right? True. But with the abundance of temporary flight restrictions that pop up and down these days, taking the extra couple of minutes to file that flight plan before you take off may prevent you from finding yourself subject to an enforcement action after you land.
By W. Hunter Old