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Avoid These Common Estate Planning Mistakes
November 10th, 2015
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…
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Irrevocable Trusts May be the Answer to Tough Estate Planning Issues
November 5th, 2015
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…
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Categories: Aging Issues, Current Affairs, Estate Planning, Succession, Trust Funding, Weblogs, Will
California Court Upholds Trust that Gives Millions to Lady's Gardener
November 3rd, 2015
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…
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Don't Let a Perfect Storm Ruin Your Plans for the Family Farm
October 29th, 2015
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…
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Categories: Current Affairs, Estate Planning, Family Business, Power of Attorney, Probate, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Is Elizabeth the True Queen of England?
October 21st, 2015
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…
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Categories: Blended Families, Current Affairs, Estate Planning, Family Business, Succession, Weblogs
Sumner Redstone's Succession Plan
May 19th, 2015
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…
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Drug Testing before Inheritance?
April 3rd, 2015
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…
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Is Your Ann Arbor Family Business Staying in the Family?
October 4th, 2012
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…
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