Year: 2015
The long-time boyfriend of a filthy rich art collector who left $100,000 to two waitresses is fighting to get himself a much larger serving of his late lover’s fortune. Art collector Robert Ellsworth’s boyfriend is not actually disputing that over-the-top tip. But he is disputing a good portion of his late partner’s will. When Ellsworth […]
Kathleen Hilda Ryan, a woman with Mullingar roots, died in Greenwich in the UK in October 2013, at 83 years of age. She left no will, but she did leave behind a small fortune of $788,000 (£500,000). Since then, no relatives have stepped forward to claim the inheritance. Kathleen had no children of her own […]
Two months ago, a lawyer for a descendant of former President John Adams demanded that a Quincy trust established by Adams nearly 200 years ago be returned to the family’s control. A trust created by President John Adams is still operating and there might be a dispute over control of it, if the dispute ever […]
A 54-year-old O’Fallon, Missouri man was sentenced Friday for scamming lenders by telling them he was the beneficiary of a multi-million dollar inheritance, U.S. Attorney Richard Callahan said. Fox 2 Now reported the story in an article titled “O’Fallon man sentenced for bogus inheritance tale.” A Missouri man, Dana Jefferson, was recently convicted of scamming […]
“I can tell you that careful planning has been done so that estate taxes at Sumner’s death will not require a forced sale of the stock,” Bishop said. “I cannot give you any other information about his estate plan. It’s private.” Bloomberg Business reported the story in an article titled “Redstone Says Trustees to Oversee […]
Along with all the other paperwork that comes with being newly widowed, Roberta Bekerman had to persuade Delta Air Lines that she was entitled to inherit her husband’s frequent-flier miles. The company’s policy says that its SkyMiles, as they are called, may not be transferred “under any circumstances,” including death. But Ms. Bekerman, whose husband […]
A dying man left money in his will as a surprise for his best mates, so they could go on a boozy holiday together. Roger Brown of Swansea, England recently died of prostate cancer at the age of 67. It came as a surprise to his friends that Brown left them a small sum of […]
A Walnut Ridge woman was arrested Thursday for forging a will after someone else had died. KAIT reported the story in an article titled “Woman arrested for forging new will after someone died.” An Arkansas woman, Kimberly Dement Dotson, has been arrested for allegedly forging the will of an elderly person. She is believed to […]
Every year, you’re allowed to give another person up to the annual gift tax exclusion—this year $14,000—without reporting the transfer to the IRS or having to pay taxes on the sum, says CPA Cari Weston, senior technical manager of the American Institute of CPAs taxation division. Have you ever wondered if a large financial gift […]
If you’ve been in business for long, chances are you’ve heard at least a few tales of probate problems plaguing family members, would-be successors or remaining business partners. So, how can you avoid probate? Many small businesses have had problems with probate. In the worst cases, the problems have led to the end of the […]
