Mental health professionals normally counsel that people should listen to their emotions. However, when it comes to estate planning, it is often a bad idea to be too emotional about the process. Forbes recently published an interesting article titled… Read More

Oscar de la Renta was well-known for his charitable causes, especially in the Dominican where he was an unofficial ambassador and held a diplomatic passport. However, a decade old falling out was enough for the designer to snub his son.   Shortl… Read More

  The battle between Robin Williams' widow and his children has been resolved on some issues. However, one issue remains that must be decided by a court. In the days after Robin Williams' suicide, it appeared that he had appropriately… Read More

  Gina Rinehart is the wealthiest person in Australia. However, it appears that greed might have cost her control of a family trust worth billions. Gina Rinehart controls one of the largest iron ore mining companies in the world. She was also in… Read More

  Charitable trusts can continue for as long as there are assets in the trust and the trust is still able to carry out its mission. A trust created by President John Adams is still operating and there might be a dispute over control of it. In 18… Read More

  When someone passes away without an estate plan, by law his or her property goes to the deceased's closest living relatives. However, if a person has no known close relatives, then what happens to the assets of the estate? It depends on w… Read More

  When art collector Robert Ellsworth passed away, initial reports about his will centered on the $50,000 a piece he bequeathed to two waitresses who work at a bar he frequented. However, now Ellsworth’s longtime boyfriend is contesting the wi… Read More

  Keeping on top of federal tax laws concerning trusts is relatively simple. However, when it comes to state tax laws on trusts, staying on top of them can be an entirely different matter, especially since many trusts might be subject to taxatio… Read More