Tag: Estate Planning
Gresham advocates laying the groundwork for the estate-planning talk with a few separately held, lead-up discussions on family values and history. After all, she said, “You want to build a sense of bonding and family before you introduce material that could be emotionally loaded.” When is the right time to discuss your estate plans with […]
Are you childfree? Are you planning with an elder parent? Do any of your potential beneficiaries have special needs that must be taken into consideration? Are any of your beneficiaries minors? The first step of planning is to take a moment to consider what makes your situation unique. Although estate planning has many aspects, it’s good to start with the […]
With a little research, a family should be able to find a suitable home for their estate and leave a lasting legacy — whether they are rich, Bill-Gates-rich, or not wealthy at all. Leaving an ongoing charitable legacy is not just for the wealthy. You do not need to be Bill and Melinda Gates with […]
Many people tend to overlook books as potential assets. And even if you bring a rare book to a general antiques dealer or estate appraiser, they often are not qualified to give specialized book appraisals. This can be a mistake: The simple fact is, books can be worth money. So, you inherited a book. Now […]
In a recent blog post, Yahoo’s Senior Legal Director for Public Policy criticized the UFADAA for the “faulty presumption that the decedent would have wanted the trustee to have access to his or her communications” and for “set[ting] the privacy default at zero.” What happens to your digital assets when you pass away? Will your heirs gain […]
Robson, 32, still needs a judge’s permission to file the probate court claim because it was brought in May 2013, nearly four years after the entertainer’s overdose death at age 50 on June 25, 2009. Robson alleges Jackson molested him between 1990-97, though he testified in the singer’s 2005 child molestation trial that the pop […]
An insular Hemel Hempstead man who died with an estate worth £750,000 has had his legacy split among 39 relatives who never even knew he existed. What are the odds that a long lost relative will leave you an inheritance? Although chances of this type of inheritance are slim, it really can happen. You have […]
The Internal Revenue Service says it made a mistake in valuing Michael Jackson’s estate. Nope, the IRS hasn’t abandoned its much discussed claim for $702 million in extra taxes and penalties—a bill Jackson’s estate is fighting in U.S. Tax Court. Instead, the tax agency is upping its demand by $29 million to nearly $731 million. The […]
Tom Clancy’s estate can teach advisors a lesson about blended families. Clancy was a best-selling author whose books were often turned into blockbuster movies. Consequently, he was a very wealthy man. This meant there were estate taxes to be paid. When Tom Clancy passed away, his heirs included his wife and four children from a […]
A former lawyer for civil rights leader Rosa Parks is being sued by a New York auction house, the New York Post reported Tuesday. Guernsey’s alleges that Detroit attorney Gregory Reed mishandled the estate, worth an estimated $10 million. As a result, it charges, it missed an opportunity to collect higher fees. One of the most significant […]
