» Estate Planning

Making Charitable Contributions Work

While you're alive and have philanthropic goals, give appreciated assets held in a taxable account to charity. For charitable bequests, designate your IRA or tax-deferred employer retirement plan. Why? Suppose a hypothetical Al Cole wants to giv… Read More
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What to Do to Reduce Estate Taxes

If you plan on leaving a sizable amount of money to your heirs, it's understandable to be concerned about estate taxes. After all, the top Federal estate tax rate of 40% could take a nasty bite out of a multi-million dollar estate, and that'… Read More
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Want to Spare Your Kids From a Family Fortune?

From shirtsleeves to shirtsleeves in three generations, goes the early 20th-century American proverb. Then there's the 19th-century British version: Clogs to clogs in three generations. And from Italy, date uncertain: From the stable to the star… Read More
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Estate Planning for Your Works of Art

Art investors are nearly always advised not to invest in art at all, but to collect it. Buy what you like, the conventional wisdom goes, not what you expect to increase in value. But collectors still must contemplate financial matters, especially rel… Read More
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Special Needs Trust Fairness Act Passes in Senate

People with special needs have won an important victory in the Senate where the Special Needs Trust Fairness Act passed unanimously. However, the fight is not over. For people with disabilities, special needs trusts are often a vital way to protect a… Read More
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Will Declared Invalid Because of Missing Signature

When people write their own wills without the assistance of attorneys, they often forget important steps and risk having their will invalidated. Such is the case with the will of one man from Minnesota. Gary Kruger was very close to his cousin. The t… Read More
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Homeless Man Claims His Inheritance Is Being Wrongfully Held From Him

A homeless man in New York City claims that he was left an inheritance of $100,000 that the executor of the estate has refused to give him for three years. Winfield Huppuch, a publishing executive, let his friend Raphael Lebron live with him for 12 y… Read More
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Estate Planning Attorney Pleads Guilty to Fraud and Other Charges

A Wisconsin estate planning attorney who faced 33 federal charges stemming from fraudulent activity and stealing her wealthy clients’ money has reached a deal and will plead guilty to five of the charges. Wisconsin attorney Sarah E.K. Laux ran two… Read More
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Why People Do Not Have Estate Plans

A recent survey reveals something that we already know: most Americans do not have estate plans. However, the survey also reveals the reason why people do not get estate plans is because they feel they lack the financial know-how to even get started.… Read More
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Is the Family Business a Part of Your Estate Plan?

Family business contributes to over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update their estate planning documents fo… Read More
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