Category: Estate Planning
The estate tax laws differ for U.S. citizens vs. non-U.S. citizens. When there is a large estate, this could mean a hefty estate tax liability for a surviving non-U.S. citizen spouse. So, what exactly is the estate tax difference between a U.S. citizen surviving spouse and a non-citizen surviving spouse? When a surviving spouse is […]
In order to make sound financial decisions, you must have a good understanding of the rules. Receiving an inheritance is one of those situations you may have to make decisions that could impact your future finances. If you inherit a Roth IRA, the options you have are similar to that of a traditional IRA, however, there […]
A ‘black widow’ who married a man on his death bed just eight days before he died has been jailed for stealing his granddaughter’s inheritance. Being the administrator of an estate comes with great responsibility. Who would you choose to handle your own estate? Can they be trusted to do as you wish? Eight days […]
Here are some developments in trust law that led to irrevocable trusts being not exactly irrevocable. Is an irrevocable trust truly unchangeable? In the past, it almost certainly was. But this irrevocability led to problems when the circumstances that existed when the trust was created changed greatly and made the trust less than ideal. Lawyers […]
Siblings can be our closest family members. But when it comes to litigation over family property or money, genetics can fall by the wayside and siblings can quickly become our biggest adversaries. Do these song lyrics hold true about siblings? Hey brother! There’s an endless road to rediscover Hey sister! Know the water’s sweet but […]
Liquidating a relative’s estate is one of the most personal ordeals, yet it is becoming increasingly common, people in the industry say. As the population ages, the estate sale business is booming. Estate administrators and those who inherit estates can take advantage of an estate sale to get rid of tangible property that is not […]
If passed the bill would direct the Texas Supreme Court to create various forms to aid individuals in creating wills and navigating probate pro se. One argument against estate planning are the fees involved in creating an estate plan. Many people cannot afford lawyers or they do not believe they need lawyers for their legal […]
Sidney Kronenberg, who owned an East Williamsburg hardware business called Brown Industries Inc., died in 2010 with about $8 million that has been accounted for, according to court records. But his son, S. Harris Kronenberg, says there is much more money out there hidden in offshore accounts and under aliases — and he bases his […]
As I have previously discussed, in spite of thorough planning, the estate of Robin Williams faces additional legal action from Susan Williams, the spouse of the late actor. However, these problems may be avoided by remembering the following tips. Before taking his own life, Robin Williams had an estate plan in place that appeared to […]
Bravo’s fitness star Greg Plitt — who was hit and killed by a commuter train — did not have a will, and now his family is trying to ensure his $800,000 estate ends up in the right hands. In January, Bravo TV star Greg Plitt died while shooting a commercial for an energy drink. The […]
