Tag: Estate Planning
A new study in the United Kingdom provides insight into new thinking about the social justice of estate, inheritance or “death” taxes. Income inequality and wealth concentration are more than just media headlines describing the latest protest movement. These terms are seemingly everywhere today: from the work of economist Thomas Pikkety, to the Occupy Wall […]
Our new President promised to kill the estate tax. Will he really do it? While campaigning for the presidency, Donald Trump repeatedly said he would eliminate the federal estate tax. Most Republicans in Congress share his position. Now that Donald Trump and congressional Republicans have the power to do away with the estate tax, the […]
Estate planning is a lifetime process. Changes in the law, your finances or family circumstances mean that it’s time for a review. Whenever you have a significant change in your life circumstances, you should come back in and review your estate plan. Remember, estate planning is not a once-and-done transaction, but a lifetime process. However, […]
As many of you know, Michael J. Amoruso, Esq. was the leading advocate of the Special Needs Trust Fairness Act well before he brought the issue to the National Academy of Elder Law Attorneys (“NAELA”) to actively draft, support and push for its introduction and passage in Congress as current NAELA Vice President and Past […]
Boxer Muhammad Ali’s family may be the next ones in the estate fight ring. Muhammad Ali, who passed away last year after a long struggle with Parkinson’s disease, has been frequently dubbed “the greatest fighter of all time.” While Ali can no longer fight, his family still can and it appears they are going to, […]
Some mistakes in estate planning for celebrities draw little notice but can still be a major problem. Celebrity deaths and estates can sometimes be the subject of headline after headline such as the estates of Robin Williams, Whitney Houston, and Michael Jackson. The estates are well-known because of the mistakes in the plan and the […]
The passing of Debbie Reynolds puts Singin’ In The Rain into top seller position. Singin’ In The Rain recently became the bestselling DVD on Amazon and was placed on iTunes’ New and Noteworthy list, according to TMZ in “Debbie Reynolds Singin’ In The Gains Death Causes Spike In Sales, Searches.” This comes as no surprise […]
A coffin no longer has to have a basic rectangular shape. The standard rectangular coffin no longer has to be the norm due to the focus of a business in Ghana, according to the Wills, Trusts & Estates Prof Blog in “The First Family of Custom Coffins.” A family in Ghana is in the business […]
The passing of Debbie Reynolds one day after her daughter’s death leads to more speculation on the impact of a broken heart. It can actually happen, according to FOX News in “Debbie Reynolds’ death: Can you die of a broken heart?” Broken Heart Syndrome does exist. The death of Debbie Reynolds, only one day after […]
An ongoing crisis with wills and estate plans plagues China. A particularly difficult estate planning issue in China was reported recently by USA Today in “Chinese don’t have wills — and now it’s a big problem.” Not too long ago, the Communist Party in China had strict rules about the accumulation of wealth and passing […]
