Monthly Archives: November 2010
COURT OF APPEALS SAYS STOLI PERMITTED UNDER NEW YORK LAW
The New York State Court of Appeals issued a decision today interpreting New York Insurance Law to permit what are known as Stranger Oriented Life Insurance transactions (also known as “STOLI” or “SOLI”). In a typical STOLI transaction, an elderly individual is approached by an investor with the following proposal: The individual takes out an insurance […]
Consequences of failing to consider halacha when planning an estate
What are the halachic results of neglecting to plan an estate according to halacha? Teshurat Shai (R. Solomon Leib Tabak, Hungary, 1832-1908), chapter 159 (cited by Pitchei Choshen, Hilchot Yerushah, Chapter 1, fn 4), addressed the following situation. A man died survived by a son and four daughters. Pursuant to local law, the decedent’s estate was divided […]
What is the Torah’s Economy? (Election Day Post)
Today’s election is widely seen as a referendum on the Democrat controlled Congress and first two years of Obama’s presidency, and specifically, the Democrats’ handling of the economy and the legislative agenda they pursued. The theoretical question for this blog today, and a theme I hope to return to in the future: What is the […]
