March 06, 2025
A New Jersey property owned by a man who owes $16.2 million in taxes should be foreclosed on and sold to pay his debt, the U.S. government said Thursday, arguing that a property easement no longer restricts it from a sale.
May 01, 2024
A family trust established by grandparents for their five grandchildren asked the U.S. Supreme Court to review a Third Circuit ruling finding the trust was the nominee of an adult son with $16.2 million in tax liabilities, saying the decision stands to upset estate planning norms.
April 24, 2024
A New Jersey federal court paused its order allowing the U.S. government to sell a family trust's office park to satisfy a trustee's $16.2 million tax debt Wednesday, giving the family time to appeal a decision approving the sale to the U.S. Supreme Court.
February 05, 2024
A family trust's New Jersey office park was properly sold off by the government to satisfy the $16.2 million tax debt of a trustee, the Third Circuit ruled Monday, finding the trustee substantially controlled the property even though he didn't hold the title.