Tag: Estate Planning
Thomas Gilbert Jr. is accused of murdering his own father, a wealthy New York hedge fund founder who was fatally shot earlier this month. Could Gilbert inherit some of the fortune of the man he is accused of killing? Under the terms of his father’s estate plan, Thomas Gilbert Jr. is set to inherit a […]
A Queens woman loves her pet Maltese so much that she rewrote her will to leave the pooch a million-dollar fortune consisting of jewelry, a trust fund and vacation home. All a dog needs is a chew toy and a million dollar doghouse, right? So it is with Bell Mia, millionaire Maltese. It is often a good […]
The legacy of the Rev. Dr. Martin Luther King Jr. seems to be everywhere these days with the success of the film “Selma,” which begins with his being awarded the Nobel Peace Prize. At the same time, a decidedly less heroic aspect of his legacy has been playing out here in court filings and hearings as his three surviving children […]
The series examines real-life stories of unconventional inheritances and will appear Mondays-Thursdays, with new episodes debuting every Monday and Tuesday, said Bill Shine, Senior Executive Vice President, FBN and FOX News Channel (FNC). If you are curious how real people have handled bizarre inheritances, then a new television show should interest you. Fox Business News […]
A man accused of helping a woman ransack her father’s grave in search of his “real will” has pleaded guilty and prosecutors in New Hampshire say he should have to help out at a cemetery as part of his sentence. New Hampshire man Michael Day recently pleaded guilty to digging up the grave of business […]
Two real-life Lex Luthors took advantage of the elderly widow of the DC Comics publisher who brought Superman to news stands by convincing her to leave them large sums of cash from her $50 million estate, court papers charge. When Shirley Liebowitz, the late widow of Jack Liebowitz, passed away at the age of 96 it was […]
There have been rumors circling the internet that China will impose a long-proposed inheritance tax in 2016, dropping a bombshell on the extremely wealthy. As is often the case in countries that experience rapid economic expansion, most of the new wealth is concentrated in a small percentage of the population. And China is no exception. […]
Parents should do what they want with their money, says Kotzer, but they should also think of the consequences. “Will my children be talking after I die?” Unsatisfied siblings have been known to fight for years about their parents’ estate and never even talk to each other again. Don’t let this happen to your family. […]
Good advisors recommend their clients of all ages have powers of attorney (“POAs”) in place. But the biggest and apparently most hotly debated question is whether or not POAs should spring—meaning whether they should be effective immediately upon execution (typically the statutory default) or whether they should become effective only upon a determination that the principal […]
Here is a quick review of some key estate planning developments that occurred in 2014. The only true constant in life is change itself. With that being said, what changed for estate planning in 2014? Let’s take a look back at 2014 and determine how this will impact 2015. Recently, the Wills, Trusts & Estates […]
