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Family Sues to Reverse Brain Dead Declaration
January 12th, 2016
Issues concerning when a person can be taken off life support did not go away when the Terry Schiavo case stopped appearing in the headlines. A current lawsuit in California highlights that the issue is still very much alive. In December of 2013, the…
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Categories: Aging Issues, Current Affairs, Estate Planning, Long Term Care, Religion, Science, Special Needs, Succession, Taxes, Trust Funding, Weblogs, Will
The Real Tax to Worry About
January 11th, 2016
The federal estate tax might get most of the political headlines, but the truth is that it affects a relatively very small number of Americans. Of far more concern for most Americans is how the federal capital gains tax will impact their estates. If…
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Categories: Aging Issues, Current Affairs, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
Charitable IRA Tax Break Made Permanent
January 7th, 2016
The 2006 IRA charitable rollover exclusion was a popular tax break for wealthy elderly people and the charities to which they donate. It has been made permanent. Seniors trying to spend down the size of an estate for estate tax purposes often find it…
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Tax Consequences of Inheriting an Annuity
January 6th, 2016
If you inherit a non-qualified annuity, then before you decide what to do it is important to understand the different options and tax implications. Annuities have become an extremely popular tool in people's retirement plans. Like any other asse…
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Categories: Aging Issues, Current Affairs, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
Planning for Your Passion
December 30th, 2015
Estate planning for complicated financial instruments and business interests is often tricky at best. However, planning for the things people are often passionate about can be the most complicated part of estate planning. When some people think about…
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Michael Jackson's Estate Sued … Again
December 18th, 2015
It has become an inevitability that just when you think the controversy surrounding Michael Jackson's estate has finally quieted, yet another issue appears in the news. This time it is another lawsuit filed over alleged wrongdoing of the estate&…
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Death, There's an App for That Too
December 17th, 2015
When iPhones first came on the market Apple marketed them with the line "There's an app for that." The idea was that there was an app for anything you could possibly want to do. However, there was not, at the time, an app to plan for y…
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Categories: Aging Issues, Current Affairs, Estate Planning, Succession, Trust Funding, Weblogs, Will
Giving a Home to Stray Cats
December 16th, 2015
People frequently use their estate plans as a way of continuing to support things they love after they pass away. One woman in Italy recently did so by bequeathing her home to stray cats. The late Fiorella Scannabissi of Bologna, Italy loved cats. Du…
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Air It Out Before It Goes to Court
December 15th, 2015
Family fighting over estate plans and court challenges are sometimes unavoidable. When people feel slighted or have grievances, they often feel compelled to fight to the end. However, it might help to avoid court challenges to your estate plan if you…
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Categories: Aging Issues, Current Affairs, Estate Planning, Family Business, Succession, Trust Funding, Weblogs
The Joy of Painting Lives On
December 14th, 2015
Some celebrities continue to have a cultural impact long after they have passed away. Stars such as Marilyn Monroe, James Dean and Michael Jackson have lasting legacies that make money for their estates through licensing of their likenesses and copyr…
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Categories: Aging Issues, Current Affairs, Estate Planning, Family Business, Succession, Television, Weblogs, Will
