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Worry in Detroit over Lions’ Succession Plan

March 10th, 2016

The Detroit Lions say that there is a succession plan in place for when the current owner passes away. They are not saying what that plan is, which might cause some concern for the NFL. Like other professional sports leagues the NFL has tight restric… Read More

Tags: Aging, Detroit, Detroit Lions, estate planning, family business, football, Heirs, Martha Ford, NFL, sports, succession, Succession Plan, Taking over, trust

Inheriting Polluted Property Can Be Expensive

March 9th, 2016

Inheriting commercial real estate can seem like a financial windfall for many people. But it can turn into a financial nightmare if environmental pollution is later discovered on the property. In "Contaminated Property Makes for Costly Inheritan… Read More

Tags: Disclaim Inheritance, Heirs, Inheritance, Real Estate

Dispute over Family Trust Turns Deadly

March 8th, 2016

Law enforcement authorities believe that a long simmering battle over a family trust was the root cause of a double homicide and the subsequent suicide of the suspect. Raymond Giehl III became concerned when his wife sent him a text message that her… Read More

Tags: attorney, Beneficiaries, estate planning, family, Family Feuds, successor, trust, Trustee, will

Medicare Eligibility Requirements

March 7th, 2016

Some people are automatically enrolled in Medicare and this can lead those not enrolled automatically to believe they are not eligible. This is often not the case. People are often confused by the rules for Medicare eligibility because people are onl… Read More

Tags: benefits, disability, Elder Law, Medicare,

Bobbi Kristina Brown's Estate in Another Battle

March 3rd, 2016

Like her mother Whitney Houston's estate before her the estate of Bobbi Kristina Brown has sparked massive family fights. The latest battle has the estate administrator suing the trustees. The battle over the estate of Bobbi Kristina Brown has f… Read More

Tags: Estate Administration, Fiduciary Duty, Trustee

Cryogenics Takes a Step Forward

March 2nd, 2016

The idea of freezing a person's brain and bringing it back to life years in the future when science is advanced enough to do so has long fascinated science fiction fans and even led to some people having their heads frozen after they pass away.… Read More

Tags: estate planning

Lessons in the Redstone Saga

March 1st, 2016

The family life and drama of Sumner Redstone is currently being played out in the media and on Wall Street. It is not the first time that a self-made billionaire's personal life has made the news and harmed his business when the founder gets old… Read More

Tags: estate plan, Succession Plan, trust

People Who Inherit Wealth Less Likely to Donate It

February 29th, 2016

A recent study on the differences in charitable giving between the self-made wealthy and those that inherit wealth could have estate planning implications. A few years ago Bill Gates proclaimed that the first-generation wealthy are more generous to c… Read More

Tags: Charity, estate planning, Foundations

The IRS Knows More about Art than You Think

February 26th, 2016

If an effort to reduce their estate tax burdens many wealthy families are tempted to undervalue their prized collections, such as art. The IRS, however, makes its own valuations. As with other taxes, most people seek ways to pay as little in estate t… Read More

Tags: Art, Estate Tax, Valuation

Estranged Children and Your Estate

February 25th, 2016

If you have a child who you do not communicate with, you might want to make sure that the child does not receive part of your estate. The decision to do that can be difficult, but the process is not. A recent Market Watch column, entitled "Can m… Read More

Tags: Disinheritance, will

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