Profile avatar
taxlawprof.bsky.social
Frank J. Kellegher Professor of Trusts & Estates at Creighton (tax law, wills/trusts). ACTEC fellow. Aspiring novelist. Foodie. Mother of dragons (two dachshunds and a little girl). IG TaxLawProf.
200 posts 3,350 followers 634 following
Regular Contributor
Active Commenter
Posts 24 Comments 26

There are two separate issues with Hegseth.   The first issue is that he does not possess the common sense to implicitly understand why sending information by group chat is a problem.   The second is that it was undoubtedly explained to him, and he is still doing it.

submitted 16 hours ago • 0 comments

An important reminder on tax day

submitted 7 days ago • 0 comments

Every law school faculty has their own version of Machiavelli.

submitted 10 days ago • 1 comment

How do you walk away from anal angst?

submitted 10 days ago • 7 comments

Many of the states with 0% income tax are heavily dependent on tourism. It will be interesting to see the way in which the current administration impacts revenue in those states. Florida, I am looking at you.

submitted 10 days ago • 7 comments

2025 is the year of the bacon flavored dog whip cream

submitted 10 days ago • 0 comments

Teddi Mellencamp is dealing w/a stage4 melanoma diagnosis. She shared w/ People that her dad John called to make funeral plans so that she can be laid to rest in the family mausoleum in IN. This hits home for me as a 2x melanoma survivor + expert on death care.   people.com/teddi-mellen...   A 🧵

submitted 11 days ago • 1 comment

Quoted in @bustle.bsky.social about tax issues arising in the S3 finale of The White Lotus. www.bustle.com/entertainmen...

submitted 13 days ago • 0 comments

Let’s talk about the taxation of the $5 million transfer in S3 of #TheWhiteLotus, and no, this thread is not meant to serve as a #tax instructional guide for the unsavory.   A 🧵 in 7 parts.

submitted 15 days ago • 3 comments

A case study on how NOT to discuss a prenuptial agreement, courtesy of 90 Day Fiancé.

submitted 18 days ago • 0 comments

submitted 19 days ago • 0 comments

The Tariff Act of 1930 probably made the Great Depression worse. Why? There was retaliation by our trading partners and exports/imports reduced by 67%. Hopefully the Nobel laureates who said this was a really bad f’ing idea will end up being wrong.

submitted 20 days ago • 0 comments

When Getty III was kidnapped, grandfather Getty paid $3.2M in ransom to recover him. Getty paid $2.2M outright, which was the max amount for which he received a tax deduction under the then-Code. He provided a loan to his son Getty Jr. for the remaining $1M. The loan was subject to 4% interest.

submitted 21 days ago • 1 comment

If he had not just gutted the IRS, we would have a conversation about whether a gift tax return should be filed.

submitted 22 days ago • 3 comments

It is 2025 & all-male panels remain an issue. In a recent example, George Mason received an ACTEC grant to host a wills/trusts law symposium w 10 speaker slots. 0.5 are occupied by women. The organizer insists that he seated the best speakers w/o regard to gender, which kind of speaks for itself?

submitted 22 days ago • 3 comments

According to USNWR, Mississippi ranks 50th in health care, 50th in economy, 45th in financial stability, 48th in infrastructure, and 35th in education. And so 0% surprised they eliminated their state income tax.

submitted 23 days ago • 1 comment

And you have a hand in gutting the IRS so that there are fewer resources to meaningfully pushback on valuation, in a transaction that establishes basis and impacts current and future tax consequences.

submitted 24 days ago • 0 comments

Pete Hegseth just texted me the secret behind who is buying all the glitter.

submitted 25 days ago • 1 comment

Law students have decided to display artifacts from the late 1900s as artwork in their journal office.

submitted 29 days ago • 5 comments

The 4 levels of wealth 1.) not having grass 2.) having grass that you need to cut yourself 3.) hiring someone else to cut your grass 4.) not knowing how much grass you have or who cuts it because you have people who take care of such things

submitted 37 days ago • 0 comments

There is a lot of inaccurate reporting on Gene Hackman’s will and trust—even from otherwise reliable news sources. As an expert on wills and trusts, here is the scoop. A 🧵with 4 points.   1. Gene Hackman’s will was executed in 2005, and it references a 1995 trust. We have no idea 1/6

submitted 39 days ago • 1 comment

“No tax for anybody making under $150,000.”

submitted 40 days ago • 1 comment

When a CPA recommends an S Corp, please ask them if they can explain the legal, non-tax reasons that they are recommending an S Corp over an LLC. And did they ask you questions prior to jumping straight to an S Corp? (Example: Are you growing a business with an eye towards an exit event?)

submitted 42 days ago • 0 comments

Do you have a pacemaker, and do you love dogs? If the answer to both questions is yes, with a little estate planning you can make a donation at death and help a dog in need.

submitted 49 days ago • 2 comments