Tag: Estate Planning
Do not put off calling an estate planning attorney because you’re not sure of the right time. There is never a good reason to not have an estate plan because you cannot know what the future brings. And, as to when you should meet with an estate planning attorney? The answer is now. That noted, […]
One page of a will is carried 40 miles by a tornado after home is destroyed. After a tornado hit Perry County in Tennessee it carried a page of a couple’s will 40 miles away and, after being found, helped settle their estate. Antonio and Ann Yzaguirre were killed in their home which was left […]
Actor Mickey Rooney died leaving an estate worth $18,000 and his widow suspects he was murdered for his estate. Actor Mickey Rooney had a long career ranging from child star to leading man but was not a wealthy man when he passed away. His assets totaled $18,000. In a strange story, Rooney’s eighth and last […]
One way to become a suspect in a murder case is to submit a previously unknown will that names you as the sole heir of the deceased. Jake Clyde Merendino, a wealthy man after an inheritance from his parents and the success of a business of his own, traveled a great deal and collected art. […]
The will of Melissa Mathison, who passed away in November with an estate estimated at $22 million, is missing. Melissa Mathison, famous for writing the screenplay for the movie E.T. and being the ex-wife of actor Harrison Ford, died of cancer in November. The couple’s divorce was the subject of much gossip as Mathison walked […]
Gordon Getty, the heir to J. Paul Getty’s estate, says he loaned his son money and now he wants it from the estate. Wealth and sometimes tragedy have followed the heirs to J. Paul Getty, once the richest man in the world. One was famously kidnapped as a child and had his ear cut off […]
Leaving a large sum of money to a youthful heir can often create unexpected challenges and difficulties but a case study of what happens to the wealth of some professional athletes could provide insight. Some professional athletes are often as famous off the field as on but not always for positive reasons especially when they […]
Both the executors and the heirs who inherit property could get their ways in fair market value differences for estate tax and capital gains tax purposes – until now, because the loophole is closed. The value of an estate determines the amount of tax due with no estate taxes due if the estate was worth […]
A key part of an annual year-end review of financial planning should include a review of the estate plan. As the end of each year approaches, people who keep close watch on their financial plans take that time to look at investments, asset relocations and a close look at the status of their retirement plans. […]
A family member may need more than the $14,000 annual gift tax exemption allowed and a loan can sometimes be the answer. The annual gift tax exemption of $14,000 ($28,000 for a couple) is sometimes sufficient in terms of gifting money, but a specific reason for the gift could push that number higher. A loan […]
