Tag: Trusts
Democratic Rep. Linda Sanchez offered a baffling defense of the death tax Wednesday during a hearing examining the sometimes unbearable burden it places on family farms and businesses. People receiving food stamps have to pass drug tests or meet work requirements to receive taxpayer dollars, Sanchez reasoned, so it’s only fair that those “lucky” enough […]
Here are some developments in trust law that led to irrevocable trusts being not exactly irrevocable. Is an irrevocable trust truly unchangeable? In the past, it almost certainly was. But this irrevocability led to problems when the circumstances that existed when the trust was created changed greatly and made the trust less than ideal. Lawyers […]
It seems that the millennials are going to inherit a lot more from their baby boomer parents than just some tie-dyes, Steely Dan LPs, and Fabulous Furry Freak Brothers comic books. To the tune of $30 trillion, according to Federated. But will millennials invest that wealth? Wall Street is worried, so they are taking action […]
Trusts can range from simple to extremely complex, and are a standard tool in the anti-estate-tax arsenal. Trusts are a legal entity managed by a trustee for the benefit of others. Beyond that, however, trusts can get murky as there are many different types of trusts that are sometimes confusing to non-experts. Which one is […]
Robin Williams’ children and wife have gone to court in a fight over the late comedian’s estate. In papers filed in December in San Francisco Superior Court, Williams’ wife, Susan, says some of the late actor’s personal items were taken without her permission and asks the court to exclude the contents of the Tiburon home […]
“I want what’s mine,” fumed Vanessa Nieves, 21. She learned late last year that her mother, Gloria Torres, allegedly tricked her into signing over the insurance money that she was supposed to receive at 18. Can your own parents be trusted when it comes to your future trust fund? For some, the answer is disappointing. […]
“An irrevocable trust is a trust generally created during someone’s lifetime that is exactly what it says — it can’t be revoked.” Tom Benson and his grandchildren are in a fight over the ownership of the New Orleans Saints NFL football team and the New Orleans Pelicans NBA basketball team after his death. The family […]
For clients who have a collection of firearms, they can bring them into their estate plan and ensure they go to the right beneficiaries via a gun trust. What will happen to your gun collection when you pass? Do you have plans to gift the firearms to your heirs? Most gun collectors know the laws […]
A judge who determined that an Encinitas lawyer manipulated his relationship with a wealthy and mentally ill woman who left her fortune to him has determined the lawyer must pay $4.3 million to the woman’s trust.. The U~T San Diegohas the entire story in an article titled “Attorney ordered to pay $4.3M to trust.” Svi […]
The year 2014 will be remembered for many things, to include celebrity deaths. The details of another celebrity’s estate have recently been revealed. This time it is the estate of late actor Bob Hoskins. Unlike some other celebrity estates, Hoskins’ is fairly ordinary. Actor Bob Hoskins passed away last April at the age of 71. […]
