Category: Estate Planning
The rules about purchasing a plan and using the money can be challenging to understand, and there are numerous points of confusion about how 529 plans work. Here are some of the most common misconceptions. 529 plans are an important part of many modern estate plans as they provide the necessary education funds when they are […]
Today, a 65-year-old man has a life expectancy of 84 while a 65-year-old woman has a life expectancy of nearly 87, according to the Social Security Administration. That increased longevity has changed all kinds of financial planning, such as retirement calculations and long-term care insurance costs. But its impact on trusts and estates is only […]
In 2007, Hynie contested the will, claiming to be Brown’s wife and entitled to a spousal share of his estate. Under a settlement deal approved in 2009, Hynie was given one-quarter of Brown’s music empire, and the six children named in his will were given another quarter. The settlement was overturned in May 2013 by […]
Probate records reveal that he died without a will and left an estate valued at ‘nil’ in England and Wales. It is not known if he had assets held overseas or in trust or joint-ownership which would not have been included in his estate. His daughter Elizaveta Berezovskaya claimed at a two day inquest in […]
How do you protect yourself? Be on guard and on the lookout. Don’t be a victim. Here are just a few warning signs and common tactics used by trust and annuity peddlers. Not everyone understands estate planning clearly, and unfortunately there are some bad apples out there that will try to take advantage of this […]
There have been recent changes to tax laws that create the need for married couples to review their wills, especially provisions intended for tax planning purposes. Here are three major changes that create a need for a reread. When is the last time you reviewed your estate plan? Professionally prepared estate plans are normally crafted […]
Her 64-year-old husband Alfonso Diez, who is 24 years her junior, was said to be at her bedside when she passed. He is not set to receive any of her fortune, which includes an impressive property portfolio, 50,000 pieces of artwork and 18,000 rare books, after he signed a document renouncing himself from her wealth […]
The woman convinced party-boy Proskauer partner Harry Goldsmith to marry her as he lay dying of pancreatic cancer — then brought a team of lawyers to his deathbed to rewrite his will, spurned spouse Debra Karlstein claims in a Manhattan Surrogate’s Court lawsuit. If there ever was a real-life tale of a wicked stepmother, this […]
How important [is it] to preserve one’s original estate planning documents? Where should one keep these documents? If you’ve gone to all the hard work of preparing your will and establishing an estate plan, the last thing you want to do is lose the documents. Before a will can be submitted to probate, the original […]
In unions of those who marry twice, about 65 percent include children from prior marriages, according to the National Stepfamily Resource Center. That can complicate the transfer of brokerage accounts, real estate and personal possessions. Throw in resentments over divorces and rifts between stepchildren and step-parents, and the situation is ripe for legal battles. If […]
