by Christine | Nov 17, 2014 | Art, Asset Protection, Assets, Estate Planning, Estates, Inheritance, Living Trust, Probate, Trusts, Wills |
Serious art collectors might roll over in their graves—or never marry—if they knew what feuds their purchases were destined to inspire. On the other hand, lots of friction can be avoided if lovers of art and their families acquaint themselves with a few legal and tax...
by Christine | Nov 10, 2014 | Asset Protection, Assets, Blended Families, Estate Planning, Estates, Inheritance, Living Trust, Probate, Tax Planning, Trusts, Wills |
A tax battle is brewing over his $83 million estate, pitting Mr. Clancy’s wife against the adult children of his former marriage. His widow Alexandra Clancy is taking legal steps aimed at shifting all state and federal estate taxes—estimated in court...
by Christine | Nov 4, 2014 | Asset Protection, Assets, Conservatorships, Elder Law, Estate Planning, Estate Tax, Estates, Guardianships, Individual Retirement Accounts (IRA), Inheritance, Living Trust, Mediation, Power of Attorney, Probate, Tax Planning, Turnover, Wills |
Mediation has emerged as a valuable tool for seniors and their families as an alternative to costly litigation. Mediation can be a useful instrument to prevent post death conflict by dealing with a family's issues during the senior's life. A recent issue of...
by Christine | Nov 3, 2014 | Asset Protection, Assets, Estate Law, Estate Planning, Estates, Inheritance, Probate, Trusts, Wills |
Several recent celebrity estate issues in the news highlight how important it is to plan ahead and get professional advice when setting up your estate plans. When celebrities pass away, aspects of their estates hit the news almost immediately. These high-profile cases...
by Christine | Oct 31, 2014 | Annual Gift Exclusion, Asset Protection, Assets, Conservatorships, Death Tax, Durable Power of Attorney For Finances, Elder Law, Estate Planning, Estates, Gift Tax, Guardianships, High-Net-Worth, Individual Retirement Accounts (IRA), Inheritance, Inheritance Tax, Living Trust, Probate, Trusts, Wills |
Moving to New York to avoid state death taxes? “When your bordering state is telling you, ‘Come on over!’ the pitch is compelling,” McManus says. “If New York has a more welcoming tax scheme, then people will say, ‘Let’s call me a New York resident.’” McManus says...
by Christine | Sep 16, 2014 | Asset Protection, Assets, Estate Planning, Executor, Inheritance, Probate |
If for no other reason, you need a will to name an executor (or executrix). So, do you really need a will? Yes. Really. A recent Forbes article titled "Do I Really Need a Will?" recommends that you should have a will to at least designate an executor or...
