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The Greatest of All Time's Estate
June 21st, 2016
Boxing legend Muhammad Ali recently passed away. The details of his estate plan are not yet known, but he left behind a large estate and family. With the passing of Muhammad Ali, a true sports icon has left the scene. At this early stage it is not ye…
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Categories: Aging Issues, Blended Families, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Film, Games, Sports, Succession, Taxes, Television, Trust Funding, Weblogs, Will
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Military Estate Planning
June 20th, 2016
Due to the nature of their employment people in the military need estate plans so that their families are taken care of no matter what happens. Everyone should have at least a basic estate plan because it is impossible to know when an accident or ser…
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Categories: Aging Issues, Current Affairs, Estate Planning, Long Term Care, Succession, Trust Funding, Weblogs, Will
Same-Sex Partner Estate Tax Case
June 17th, 2016
A recent ruling by a New Jersey tax court illustrates that the legality of same-sex marriage does not solve all estate difficulties for same-sex couples who were not able to get married previously. In 2004 New Jersey passed a domestic partnership law…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Postnuptial Agreements, Succession, Taxes, Trust Funding, Weblogs, Will
Does Wealth Flee High Taxes?
June 15th, 2016
Many state legislators share the common concern that if they increase taxes on their wealthiest residents, those residents will move to lower tax jurisdictions. However, data suggests that there is little basis for that concern. No one likes paying t…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Finding an Executor
June 14th, 2016
For some people picking someone to be the administrator of their estates is an easy process of choosing a reliable family member or friend. However, people who do not have reliable family or friends need to know where to look to find an executor. Pic…
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Categories: Aging Issues, Blended Families, Current Affairs, Estate Planning, Succession, Trust Funding, Weblogs, Will
Giving Your Business Away
June 13th, 2016
Some business owners prefer to retain control over their businesses until they pass away. Others would rather retire and let younger family members assume ownership. There are a couple of different options to do that. Business succession planning is…
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Sumner Redstone Competency Challenged Again
June 10th, 2016
Only two weeks after Sumner Redstone successfully defended himself against one attempt to declare him incompetent to handle his own affairs another battle over the same issue has begun. The effort by Sumner Redstone's ex-girlfriend to have the m…
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More Potential Prince Heirs Come Forward
June 7th, 2016
In the developing saga to settle Prince's estate two more people have come forward claiming to be his heirs. When news broke that the musician Prince did not have an estate plan experts were quick to predict that there would be multiple claims m…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Abuse, Elder Law, Estate Planning, Film, Music, Probate, Succession, Television, Trust Funding, Weblogs, Will
Using a Family Limited Partnership
June 6th, 2016
A family limited partnership can be used to lower your tax burden and transfer wealth to future generations of your family. One reason people seek the advice of estate planning attorneys is to lower their potential estate tax burdens in a way that do…
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Categories: Aging Issues, Blended Families, Charitable Giving, Current Affairs, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
A Power of Attorney Is Not Always Enough
June 3rd, 2016
Everyone should get a general durable power of attorney. Everyone should also realize that they may need to do more than just that to protect their financial interests in the event of incapacitation. A general durable power of attorney is a necessary…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Power of Attorney, Succession, Trust Funding, Weblogs
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