Category: Estate Planning
Man’s love for model automobiles is passed on to church. While it is not unusual for a church to be remembered in a parishioner’s will in the form of money or securities, it is unusual for a church to receive a house full of valuable model cars. But Minnesota resident Dennis Erickson did just that […]
There are many misconceptions about the federal estate tax. There is no shortage of complaints against estate taxes and there is no shortage of misconceptions about how the estate tax system actually operates but recently Yahoo! Finance cleared up some common misconceptions in “4 Things You Probably Don’t Understand About Estate Taxes,” including: Your heirs […]
A law firm from Great Britain joins the list of those suing the estate of Michael Jackson. A British law firm claiming it was not paid $200,000 it charged for services prior to Michael Jackson’s death has joined the list of creditors suing the estate. But the estate took six years to deny the claim […]
Estate sale features some possessions with historical significance belonging to former Speaker of the House Jim Wright. Jim Wright, who spent 34 years in the U.S. House of Representatives and served as Speaker of the House, resigned in 1989 during an ethics investigation. Wright passed away last year at the age of 92 and his […]
People who have pets often make informal plans to protect their pets after the owner dies but informal plans are not official plans. Pet owners often make informal plans with siblings or best friends about the fate of their pets after the owner passes away but these arrangements have no legal standing because, while some […]
The owners of a family business sometimes attempt creative ways to protect the business from a divorce within the family but those plans can backfire. The owner of a pizza parlor chain in New York chose to leave her estate to her daughter, cutting her son completely out of the will. She supposedly did this […]
Following a few simple rules can make the choice of naming a trustee an easier decision. People sometimes delay naming a trustee because it is a difficult decision with wide-spread ramifications. Sticking close to some guidelines can get the job done and create peace of mind. Recently, the Daily Press offered some advice in “Trustees […]
The will of terrorist Osama Bin Laden has been released to the public. While much of the focus on the documents released by the Office of the Director of National Intelligence from the Osama Bin Laden raid has been on the warning against forming a state similar to ISIS, the government confirms CNN’s report that […]
The issue of digital accounts can be resolved in an estate plan. Legislative solutions to digital accounts have been approved by some state legislatures across the U.S. but the problem of access to your digital accounts after you pass away continues to be a challenge. And, if you live in a state that has not […]
Stock can be transferred after you pass away and it can be a simple process. The transfer of stocks after you pass away is not only possible but relatively simple if the rules are known and that is important when preparing an estate plan. Recently, the Motley Fool discussed the possibilities in “What Happens to […]
