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Sergio Garcia began playing golf in Spain at the age of three, turned professional in 1999, and won his first PGA Tour event in 2001, at age 21. Garcia has amassed career earnings exceeding $43 million, and had won numerous tournaments. But until this year, Garcia had never won one of golf’s “Major” championships (the Masters Tournament, the U.S. Open, the British Open and the PGA Championship).

 It’s bad to experience a large loss on a business deal gone sour. But it’s even worse when you can’t use the loss to reduce your income taxes.

Investors in a Texas self-storage facility believed they had suffered about $10 million in damages because of the behavior of the guy who put the deal together, and were understandably upset.   But that didn’t give them the right to recover more than $30 million by slipping in a claim for punitive damages just 24 hours before the case went to arbitration, an appellate ruling has held.

Despite what a university, its lawyers and a Superior Court thought, an appellate court ruling has confirmed that 12 months really means 12 months.

The Charitable Remainder Unitrust, commonly known as a "CRUT," can benefit charity, and the grantor, at the expense of Uncle Sam.

If you watch police dramas on TV, you are sure to have seen this plot twist: the suspect tells his lawyer something the police really want to know. But the cops can’t force the lawyer to give them the information, because of “attorney-client privilege.”