News & Articles

NBA Team Estate Battle

June 16th, 2016

The basketball season for the Oklahoma City Thunder is over after the team lost in the Western Conference Finals to the Golden State Warriors, but the team is still part of an ongoing estate battle. Aubrey McClendon was at one point one of the most i… Read More

Tags: Creditor, Estate

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… Read More

Tags: Estate Tax, Income Tax

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… Read More

Tags: estate planning, Executor

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… Read More

Tags: estate planning, Gift Tax, Grantor Retained Annuity Trusts

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… Read More

Tags: Competency, trust

Tom Benson Claims Daughter and Grandchildren Tried to Kill Him

June 9th, 2016

The ongoing battle between Tom Benson, his daughter and his grandchildren took an interesting turn when excerpts from a deposition were filed in federal court. In them, Benson claims the daughter and grandchildren tried to kill him. For the last year… Read More

Tags: Competency, trust, Trustee

Celebrities without Estate Plans

June 8th, 2016

Prince is not the first famous person to pass away unexpectedly without an estate plan. With Prince's estate in the news the public is getting a close look at what happens when a celebrity passes away without having created a will. Prince, howev… Read More

Tags: estate plan, Intestate, will

Putting Retirement Assets to Work

June 7th, 2016

Abraham Lincoln once said, “The philosophy of the school room in one generation will be the philosophy of government in the next.” Consequently, many parents and grandparents value higher education and want to help pay for the college costs of th… Read More

Categories: College Savings

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… Read More

Tags: estate plan, Intestate

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… Read More

Tags: estate planning, Estate Tax, Family Limited Partnership, Gift Tax