Category: Inheritance
Thomas Gilbert Jr. is accused of murdering his own father, a wealthy New York hedge fund founder who was fatally shot earlier this month. Could Gilbert inherit some of the fortune of the man he is accused of killing? Under the terms of his father’s estate plan, Thomas Gilbert Jr. is set to inherit a […]
The series examines real-life stories of unconventional inheritances and will appear Mondays-Thursdays, with new episodes debuting every Monday and Tuesday, said Bill Shine, Senior Executive Vice President, FBN and FOX News Channel (FNC). If you are curious how real people have handled bizarre inheritances, then a new television show should interest you. Fox Business News […]
Two real-life Lex Luthors took advantage of the elderly widow of the DC Comics publisher who brought Superman to news stands by convincing her to leave them large sums of cash from her $50 million estate, court papers charge. When Shirley Liebowitz, the late widow of Jack Liebowitz, passed away at the age of 96 it was […]
Parents should do what they want with their money, says Kotzer, but they should also think of the consequences. “Will my children be talking after I die?” Unsatisfied siblings have been known to fight for years about their parents’ estate and never even talk to each other again. Don’t let this happen to your family. […]
A fool and his money will go separate ways. So it is with many an inheritance. People often fear that leaving large sums of money to their relatives will result in those relatives blowing the money on things they do not need. A recent case in the United Kingdom demonstrates that this is not an […]
Of course, in most families, the split is an equal one, giving adult siblings no reason to quibble over the disposition of cash and other assets. Yet some parents decide to single out one or more children for a bigger, smaller or differently structured inheritance. Even if the reasoning is valid — perhaps one child […]
A 2012 study of 3,200 wealthy families by U.S. Trust showed that 70 percent failed to successfully transfer the family’s assets to the succeeding generation. The study found three reasons for this failure: lack of communication among family members; absence of a generally acknowledged purpose for family possessions; and lack of preparation on the part […]
Ms. Smith’s inheritance is unique in the value of the works she didn’t know about in her mother’s attic. But her initial feeling of being overwhelmed and uncertain about what to do with a family member’s collection, whether valuable or sentimental, is not. Inheriting cash is pretty straightforward. But collectibles? What do you do with […]
Once people hit retirement, they do not know how long they will live or how long their money will last. Still, the vast majority of retirees with children cling to an intention to leave something behind, even though many of those offspring have no expectation of receiving an inheritance. Will you leave an inheritance to […]
A recent case from the Supreme of Mississippi held that forfeiture provisions in wills in Mississippi are enforceable unless the will contest has been founded upon probable cause and made in good faith. If you dispute a will and lose, can you still receive your inheritance? It depends. Forfeiture clauses normally state that anyone who […]
