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Prince Did Not Have a Will

May 11th, 2016

After the death of Prince speculation began immediately about his estate plans and who would inherit his fortune. What no one expected is that he did not even have a will as asserted in court filings by his sister. If celebrity deaths such as Whitney… Read More

Tags: estate plan, Prince, will

Family Business Succession

May 9th, 2016

Most family owned businesses fail after the founder passes away. Good planning can prevent yours from being one of them. Sometimes family business operators are aware that after they pass away their businesses will not remain under family control or… Read More

Tags: estate planning, Succession Planning

Splitting a Farm to Keep It in the Family

April 1st, 2016

Farmers who have more than one child have an estate planning dilemma. The most valuable property that they have is almost always the land and the farm equipment. If all of the children are not interested in farming, it can be difficult to give them a… Read More

Tags: estate planning, Farms, succession

Postnuptial Agreements for Estate Planning

March 29th, 2016

Americans are familiar with prenuptial agreements that detail how a couple's property will be divided in the event of a divorce or death. In most states spouses can reach similar agreements after they get married. The Wall Street Journal reports… Read More

Tags: estate planning, Postnuptial Agreement, probate, , succession, trust, will

Gaddafi's Estate in Limbo

March 23rd, 2016

Muammar Gaddafi's son might have stolen money from the Libyan government and stashed it in a foreign bank. The new Libyan government would like it back, but questions over the legitimacy of the new government make that difficult. Muammar Gaddafi… Read More

Tags: Estate, International Law

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

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

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

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