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Who Profits From the Sumner Redstone Situation?
June 29th, 2016
The continuing battles over Sumner Redstone's competency in court and the media is not profiting shareholders in the companies that he owns, but someone is profiting from the situation. The current fight over Sumner Redstone's competency an…
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Your Retirement and Your Children
June 28th, 2016
You might think that you are only hurting yourself by not saving for retirement, but you are also hurting your children in two important ways. It is common knowledge that a large percentage of Americans do not have any retirement savings. Some people…
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Categories: Aging Issues, Current Affairs, Estate Planning, Long Term Care, Medicaid, Power of Attorney, Probate, Succession, Taxes, Trust Funding, Weblogs, Will
Joan Rivers' Estate Sale
June 24th, 2016
Collectors are eager to bid on a collection of valuable items that will go up for auction at a sale of Joan Rivers' estate in June. Joan Rivers never kept it a secret that she loved luxurious things and was an avid collector of fine items. Follo…
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Categories: Aging Issues, Books, Charitable Giving, Current Affairs, Estate Planning, Film, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Tags: Estates
Whitney Houston Estate Fights IRS
June 22nd, 2016
Whitney Houston passed away over four years ago, but her estate is still in an ongoing dispute with the Internal Revenue Service over the value of the estate and how much tax is owed. Both the estates of Whitney Houston and her daughter Bobbi Kristin…
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Categories: Aging Issues, Current Affairs, Estate Planning, Succession, Taxes, Television, Trust Funding, Weblogs, Will
The Greatest of All Time's Estate
June 21st, 2016
Boxing legend Muhammad Ali recently passed away. The details of his estate plan are not yet known, but he left behind a large estate and family. With the passing of Muhammad Ali, a true sports icon has left the scene. At this early stage it is not ye…
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Categories: Aging Issues, Blended Families, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Film, Games, Sports, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Tags: estate plan
Same-Sex Partner Estate Tax Case
June 17th, 2016
A recent ruling by a New Jersey tax court illustrates that the legality of same-sex marriage does not solve all estate difficulties for same-sex couples who were not able to get married previously. In 2004 New Jersey passed a domestic partnership law…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Postnuptial Agreements, Succession, Taxes, Trust Funding, Weblogs, Will
Does Wealth Flee High Taxes?
June 15th, 2016
Many state legislators share the common concern that if they increase taxes on their wealthiest residents, those residents will move to lower tax jurisdictions. However, data suggests that there is little basis for that concern. No one likes paying t…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Giving Your Business Away
June 13th, 2016
Some business owners prefer to retain control over their businesses until they pass away. Others would rather retire and let younger family members assume ownership. There are a couple of different options to do that. Business succession planning is…
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Celebrities without Estate Plans
June 8th, 2016
Prince is not the first famous person to pass away unexpectedly without an estate plan. With Prince's estate in the news the public is getting a close look at what happens when a celebrity passes away without having created a will. Prince, howev…
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Categories: Blended Families, Current Affairs, Estate Planning, Family Business, Film, Music, Probate, Sports, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Using a Family Limited Partnership
June 6th, 2016
A family limited partnership can be used to lower your tax burden and transfer wealth to future generations of your family. One reason people seek the advice of estate planning attorneys is to lower their potential estate tax burdens in a way that do…
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