by Christine | Jun 19, 2013 | Elder Law, Estate Law, Family Law, Family Transition |
"When they are having trouble understanding bills and writing checks it might be time to step in, slowly, at the ground level," Kolinsky said adding that if parents initiate a discussion, the ideal time would be when they are in their 70s and still healthy....
by Christine | Jun 18, 2013 | Estate Planning, Inheritance, Trusts |
Many wealthy people worry about the potentially corrosive effect of making their children superrich. Not Larry Ellison. The Oracle founder and CEO, the third richest man in the United States — worth $43 billion, according to FORBES’ latest estimates — has never...
by Christine | Jun 17, 2013 | Charitable Deduction, Charitable Giving, Easement, Estate Planning, Valuation |
When you make a charitable contribution of anything other than money or marketable securities, there will always be a valuation issue. At least, it will usually be clear what it is that you are giving away. A conservation easement is different. ...
by Christine | Jun 13, 2013 | Estate Planning, Probate |
To avoid probate, the spouses should establish revocable trusts and transfer their property to the trusts during their lifetime. Estate planning may seem easy between spouses, but beware of the pitfalls of probate. The law tends to put a number of things on...
by Christine | Jun 12, 2013 | Elder Law |
Admitted in 1991, Mrs. Clark ended up staying until her death, giving the hospital at least $4 million in donations, not counting millions more she paid just to live there and a $1 million bequest in her final, contested will, according to court papers. Charitable...
