The Value of Family Limited Partnerships
Submitted by JAMES C. MULDER, 2^nd January 2008
The family limited partnership (“FLP”) and Charitable Family Limited Partnership (“CFLP”) are sophisticated estate planning devices. By transferring income-producing capital assets (e.g., rental property or securities) into an FLP, the value of the assets can be discounted up to forty ... read more

The History of New Year's Day
Submitted by Steven Kay, 1^st January 2008
The celebration of the new year on January 1st is a relatively new phenomenon. The earliest recording of a new year celebration is believed to have been in Mesopotamia, c. 2000 B.C. and was celebrated around the time of the ... read more

Other New Year's Traditions From Around The World
Submitted by Steven Kay, 1^st January 2008
Hogmanay (Scotland)
The birthplace of "Auld Lang Syne" is also the home of Hogmanay (hog-mah-NAY), the rousing Scottish New Year's celebration (the origins of the name are obscure). One of the traditions is "first-footing." Shortly after midnight on New Year's eve, ... read more