Year: 2015
Would you consider estate tax a reason not to move your family to a particular state? Delaware considers the costs and may soon be able to opt-out. Within the next month, Delaware may see the end of estate tax for their state if approval is granted for the Republican legislators’ proposal, which would go into […]
The conversation isn’t fast or fun. But, waiting until it is too late or not keeping an up-to-date estate plan will likely cause more pain later. No one wants to think about that inevitable day, whether it’s when you or someone you love will pass away. Even in the best of circumstances, emotions like fear […]
Although he later returned to work for his father after it failed, Oscar de la Renta’s son Moises attempted his own fashion line and not only seriously severed their relationship, but also his share in the will. He may have been best known for creating celebrity red carpet ensembles, but Oscar de la Renta also […]
BBC News takes a look at some of the more dramatic feuds that have taken place over the wills and legacies of well-known figures throughout the decades. So many feuds have been fought over the estates and even the bodies of the wealthy and famous that serious dedication to the topic is required to know […]
The estranged husband of a Scranton homicide victim is fighting a judge’s ruling that bars him from receiving any part of her estate based on claims he “deserted” her prior to her death. Donald Talerico of Scranton argued that although he and the victim, Kathleen Talerico, were separated, their divorce was never finalized. That entitles […]
A lawyer representing a group of BB King’s heirs said on Saturday they would challenge the blues legend’s will and the actions of his longtime business manager-turned-executor of his affairs. Prior to his passing, King’s family and his business manager were already involved in a legal dispute that was thrown out of court. Thus, it […]
Police learned that the possible motive for arson is the problem on land inheritance as the suspect believed his two sisters have bigger pieces of land received from their parents. This strange tale was recently told in an InterAksyon article titled “Drug-crazed man sets sisters’ houses on fire over land inheritance dispute.” On a recent […]
The Town of Snowflake received a windfall a decade ago in the form of payment of life insurance proceeds from a former employee, but the insurer now says that was an error and repayment is sought. The Arizona Journal reported the story in an article titled “Bequest To Town Was Made In Error, Says Insurer.” […]
The digital afterlife is among many conversations that people can engage in when making end-of-life decisions. Ignoring or evading such talks for emotional reasons may have the opposite desired outcome in the end, and prevent loved ones from enjoying their limited time together. Have you considered how many digital accounts you have out in cyberspace? […]
Smartly setting up trusts requires knowledge of state tax laws, not just federal rules. “Each state has its own little unique twists and turns,” says Heather Flanagan, a senior wealth planner at PNC Wealth Management. “It’s kind of a hodgepodge right now. It would be nice to have some uniform law.” Everyone knows that nothing […]
