by Christine | Apr 11, 2013 | Art, Estate Planning, Illiquid Assets |
Despite Mr. Simpson’s collection of museum-quality art, some of it housed in the Manhattan gallery he owned, which is now under lock and key, his family said it lacked the money for a burial. A million dollars worth of art is quite a collection! But this...
by Christine | Apr 10, 2013 | Estate Planning, LIfe Insurance |
Rather than talk with a high-pressure insurance agent, you might be tempted to simply start plugging numbers into one of the many life insurance needs calculators out there on the Internet. But even if one asks all the right questions, it can be tough to decide the...
by Christine | Apr 8, 2013 | Estate Planning, Inheritance |
The ugly truth is money can’t buy love. But it can be used to try to hurt the people you say you love. When planning your estate, you may want to assess the “fairness” of the inheritance you plan to leave behind and any potential hurt feelings along the way. You see,...
by Christine | Apr 3, 2013 | Art, Estate Law, Estate Planning, Illiquid Assets, Valuation, Valuation Discount |
Artwork can be really valuable. Thus, it is hardly surprising that artwork will be a contentious matter in estate tax cases. When it comes to estate planning, determining the value of artwork can be disputable and very difficult to pin down. However, in order to fit...
by Christine | Apr 2, 2013 | Asset Protection, Estate Planning, Marriage, Prenuptial Agreement, Trusts |
…In general, I highly recommend that couples negotiate the financial terms of their marriage and each partner’s role before saying their vows. If you keep up on celebrity gossip as it relates to those high-profile marriages and divorces, you often hear that six letter...
by Christine | Apr 1, 2013 | Elder Law, Estate Planning, Individual Retirement Accounts (IRA), Power of Attorney |
A POA is a legal document that is based on your state’s law that authorizes someone to act on your behalf. A Power of Attorney (POA) is an essential tool for your estate plans, and a mighty strong one at that. In effect, every adult should have one. Like most legal...
