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More Controversy for Michael Jackson's Estate
July 14th, 2016
Michael Jackson's estate has enough legal problems and certainly did not need any more controversy, especially the latest publicity nightmare to hit the news. The estate of Michael Jackson is currently embroiled in a fierce battle with the IRS o…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Law, Estate Planning, Family Business, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Felon Is Not Prince's Son
July 13th, 2016
According to reports the Colorado inmate who claimed to be Prince's long lost son has been determined to not be related to the deceased musician. In the first of what will most likely be many paternity determinations in the estate of Prince, it…
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Categories: Aging Issues, Blended Families, Current Affairs, Estate Planning, Family Business, Probate, Succession, Trust Funding, Weblogs, Will
Estate Planning in a Few Steps
July 12th, 2016
Creating an estate plan can seem like a daunting task for many people, but if you break the process down into the basic steps, it does not seem as challenging. Sometimes people do not get estate plans because they think it is too difficult, that ther…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Medicaid, Power of Attorney, Probate, Succession, Trust Funding, Weblogs, Will
Media Denied Hearing in Prince Case
July 11th, 2016
The judge overseeing the probate case concerning Prince's estate has denied a request from several media companies to be heard in the case. However, questions about media access to the case have not been definitively answered. The issue of havin…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Law, Estate Planning, Family Business, Probate, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Undue Influence Can Turn Out to Be Costly
July 8th, 2016
If undue influence over an elderly person can be proven there may be a price to pay. Sometimes undue influence can turn out to be costly as the Milwaukee-Wisconsin Journal Sentinel reports in "Ex-Derzon Coins operator ordered to pay estate $1.2…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Abuse, Elder Law, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
When you Divorce Later in Life
July 7th, 2016
In a perfect world, splitting the assets of a marriage would be a relatively pleasant and somewhat uncomplicated process. Unfortunately, this is rarely the case. More often than not, this process becomes even more difficult when a couple decides to d…
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Categories: Divorce
Estates with Valuable Art Works Can Face Problems with IRS
July 7th, 2016
Artwork valued over $50,000 can create an unexpected estate tax bill. Because appraisals on expensive artwork can vary estates can face some difficult issues with the IRS as Barron's discusses in "How Art Can Blow Apart Your Estate," c…
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Categories: Aging Issues, Blended Families, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Probate, Succession, Taxes, Trust Funding, Weblogs, Will
Estate Planning for Younger Adults
July 6th, 2016
People in their 20s and 30s might not think that they need estate plans, but they do and it is not necessarily a big hassle for them to put plans in place. A typical line of thinking for younger adults is this: because they have relatively few assets…
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Categories: Current Affairs, Estate Planning, Power of Attorney, Succession, Taxes, Trust Funding, Weblogs, Will
State Sues Life Insurance Companies
July 5th, 2016
Lawsuits from the Minnesota Attorney General should serve as an important reminder to anyone who has a life insurance policy as part of their estate plan. Life insurance policies play a pivotal role in many estate plans. They are often used to provid…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
Phil Taylor Left Nothing to Missing Wife
July 1st, 2016
The recently deceased former Motorhead drummer, Phil Taylor, had a long-lost wife. He left nothing for her in his will. Phil Taylor, known to fans as Filthy Animal, was a long-time drummer for the legendary hard rock band Motorhead. Although Taylor h…
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