Category: Estate Planning
Leaving a large sum of money to a youthful heir can often create unexpected challenges and difficulties but a case study of what happens to the wealth of some professional athletes could provide insight. Some professional athletes are often as famous off the field as on but not always for positive reasons especially when they […]
Both the executors and the heirs who inherit property could get their ways in fair market value differences for estate tax and capital gains tax purposes – until now, because the loophole is closed. The value of an estate determines the amount of tax due with no estate taxes due if the estate was worth […]
A key part of an annual year-end review of financial planning should include a review of the estate plan. As the end of each year approaches, people who keep close watch on their financial plans take that time to look at investments, asset relocations and a close look at the status of their retirement plans. […]
The death of the Red Duchess in Spain in 2008 sparked a legal battle over her estate which has ended with a court ruling she was wrong to cut her children out of the estate. Luisa Isabel Álvarez de Toledo, the 21st Duchess of Medina Sidonia, decided she did not want her children to inherit […]
The rules that allow first party special needs trusts to protect assets while receiving assistance from the government are being tightened. First party special needs trusts are established by a parent, grandparent, guardian or by court order for the sole benefit of a person with special needs. The assets of the person with special needs […]
For more than half a century after the attack on Pearl Harbor the remains from many of the victims of the attack were difficult if not impossible to identify. Many families of the victims of the attack on Pearl Harbor did not receive the remains of their loved ones to bury. By the time the […]
Most people will find they need some help in wisely handling a sizeable inheritance to put it to good use and to make it last. It can be the best of times and it can be the worst of times should a large inheritance come your way. It would most likely be a life-changing event […]
A donation to the nation can sometimes avoid inheritance taxes in the United Kingdom. The United Kingdom has a law that benefits the nation as well as the estates of famous artists with donations that allows the estate to avoid an inheritance tax. Lucian Freud’s estate is the latest to take advantage of this law […]
The battle over the estate of Dorothy Whelan has come to a close with a high court ruling. The estate of Dorothy Whelan has received considerable press in the U.K. by estate planning blogs and news site. It has now come to a conclusion through a high court ruling upholding an earlier will. Here are […]
Many parents and grandparents with 529 savings plans aimed at helping with college expenses may not be getting the full benefit from them. As college tuition continues its steady rise the issue of growing college tuition and student loan debt has become a key issue at home and in politics as well as the 2016 […]
