Tag: Estate Planning
Why do the estates of some musicians grow after death while others fade away? The legacy of a musician isn’t always luck as the Guardian recently explained in an article about Jeffrey Jampol, “‘This is the pop culture legacy business’: JAM Inc manages artists after death.” Some musicians slowly fade from memory. Their albums stop […]
Snoop Dogg has followed in the footsteps of entertainer Prince and does not have an estate plan. Snoop Dogg also has no intention of getting one. Despite the recent death of Prince who did not have an estate plan or a will there are still entertainers who don’t mind how difficult it will be to […]
More and more Americans are including their pets in their estate plans. Your estate plan does not have to be just for your heirs. It can include a trust or other measures to ensure continued care of your pets after you pass away. The National Law Review recently offered some advice on steps people can […]
As the court process over the estate of Prince begins to unwind, Heir Hunters of Court TV enter the fray. Entertainer Prince appears to have died without a will and under Minnesota intestacy law, his six siblings and half-siblings are his closest relatives and will receive the estate. However, a Court TV program claims to […]
The absence of an estate plan could make court case messy and expensive. As time passes following the death of entertainer Prince it appears more and more likely that a will doesn’t exist which will most likely prove to be costly to the estate and costly in the millions of dollars. The estate is believed […]
Proceed carefully when planning to leave unequal shares to your children or your decisions may be challenged. You may have reasons to leave unequal shares to your children when planning your estate but it might be wise to move forward with caution, according to the Wills, Trusts & Estates Prof Blog in “Some Considerations To […]
The IRA requires that a final tax return be filed after a person dies and there can be complications. When a person dies the IRS will collect any tax due from the first of the year to the date of death and that requires an income tax return be filed. US News & World Report […]
Writing down the name of beneficiary is easy but there are important decisions to be made. Beneficiary designations are an important part of the inheritances for your heirs and should be carefully considered as Morningstar points out in “How to Handle Beneficiary Designations.” Naming the beneficiary on your IRA might seem like a simple process […]
Planning and paying for your funeral through estate planning may be a good idea but finding out the actual cost of the funeral isn’t always easy. A survey conducted recently to learn how easy it is to find out the cost of a funeral in advance ran into some interesting information as reported in Elder […]
Florida law requires insurers to expand search for beneficiaries of life insurance policies. Life insurance is a key component of many estate plans and needs to be addressed quickly by the insurer as the Tampa Bay Times reports in “New Florida law requires life insurers to do more to find beneficiaries.” Life insurance payments are […]
