» Succession

Avoid These Common Estate Planning Mistakes

The most common estate planning mistake may surprise you. "The mistake actually isn't part of the will and trust," said Dan Prebish, head of life services events at Wells Fargo Advisors, based in St. Louis. "It actually has to do… Read More
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Irrevocable Trusts May be the Answer to Tough Estate Planning Issues

The death of a loved one can create a lot of financial complexity. For families that have set up irrevocable trusts to facilitate the transfer of assets from one generation to another, the tax implications can be even more complicated. However, there… Read More
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California Court Upholds Trust that Gives Millions to Lady's Gardener

A Sonoma County bank overseeing the trust of a wealthy Kentfield divorcee who left a large chunk of her $8.5 million estate to her gardener and other non-family members will be allowed to dip into the fund to defend challenges from the woman's d… Read More
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Don't Let a Perfect Storm Ruin Your Plans for the Family Farm

In February of 1959, rock and roll musicians Buddy Holly, Ritchie Valens and J.P. "The Big Bopper" Richardson were killed when a plane Holly chartered at the last minute crashed near Clear Lake, Iowa. The event later became known as "t… Read More
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Is Elizabeth the True Queen of England?

Queen Elizabeth II has asked a court to decide if DNA evidence can be used in disputes over hereditary titles. If the court says yes, then it could mean that her own lineage and right to the throne could be called into question. One significant diffe… Read More
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Sumner Redstone's Succession Plan

    Sumner Redstone might not be a household number, but he is one of the most important media moguls in the United States. Redstone controls approximately 80 percent of the voting stock in CBS and Viacom. Because of that many people are in… Read More
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Drug Testing before Inheritance?

Before people can receive many types of federal assistance, they are often required to pass drug tests. Should they also be required to pass drug tests before they can receive a tax free income? One representative appears to think so.     D… Read More
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Is Your Ann Arbor Family Business Staying in the Family?

The problems founders face when an heir announces he/she refuses to reign are significant and extend far beyond the hassle of hunting for a replacement in a  poor quality applicant pool.  The real damage done in this circumstance comes from… Read More
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