The matter of estate administration is something to take into consideration when you are making preparations for the inevitable. Who would actually handle the hands-on tasks that will be involved in making your wishes come to fruition? When you use a last will to direct future asset transfers, the executor or executrix will be the individual who is charged with these responsibilities. The duties can be quite extensive if you have a great deal of property that must be prepared for distribution … [Read more...] about Provide Your Representative with Pertinent Information
Artistic Work Donated to NY MOMA to Settle Estate Tax Dispute
Sometimes you hear about an estate planning case that seems a bit bizarre, and this is certainly true when it comes to the case of the Robert Rauschenberg sculptural combine "Canyon." "Canyon" would be a very valuable work of art except for one thing: It can never be sold. The sculptural combine features a stuffed bald eagle. Due to federal regulations you cannot buy or sell a member of the species. This combine was the property of noted art dealer Ileana Sonnabend at the time of her death. … [Read more...] about Artistic Work Donated to NY MOMA to Settle Estate Tax Dispute
Hagman Legacy Includes Charitable Foundation
Giving something back to others is something to consider when you are contemplating your legacy. Any act of generosity is obviously going to be personally rewarding, and as you advance in age you may be all the more interested in doing something for others. From a financial perspective there can actually be some tax advantages that go along with certain acts of giving as well. This is something that you would want to discuss with a highly qualified estate planning attorney. Celebrities are … [Read more...] about Hagman Legacy Includes Charitable Foundation
Sherman Hemsley Finally Buried in El Paso
The dispute over the late comedic actor Sherman Hemsley's estate has been dragging on for months now, and fortunately there has finally been a breakthrough. You may recall that the actor passed away back in July in El Paso, which is the city that he called home though he was originally from Philadelphia. His last will left everything to his longtime close friend Flora Enchinton. In addition to being named as sole heir in the document, she was also named as the executor of the Hemsley … [Read more...] about Sherman Hemsley Finally Buried in El Paso
Our Report Examines DIY Wills
There are many do-it-yourself projects that you may be able to take on successfully. Depending on your interests and your abilities, going the DIY route can actually be enjoyable as you spend time constructively. And of course, doing things for yourself can sometimes save you money. Of course, there are some things that are better left up to the experts. Estate planning would fall into this category. There are no shortage of websites on the Internet offering do-it-yourself legal documents. … [Read more...] about Our Report Examines DIY Wills
Pet Planning: Get All the Facts
Our pets are members of the family, and estate planning is all about making sure that your family is provided for in the event of your passing. Therefore, pet planning is part of the equation if you want to be comprehensively prepared for the future. Exactly how do you go about planning for a pet? Pets are notoriously poor money managers, and it's hard to determine exactly how much to leave behind for the pet's care if you were to find a caretaker and leave this individual a direct … [Read more...] about Pet Planning: Get All the Facts
Lengthy Probate Process Expected in Gibb Case
When you read about celebrity estate planning cases you can sometimes take away some instructive lessons. With this in mind, we would like to take a look at the limited but interesting information that has been made available about the Robin Gibb estate. Gibb was a singer with the popular group the Bee Gees. The group sold millions of records over a number of decades, and as a result Robin Gibb passed away with a considerable amount of wealth. According to the Daily Mail, the Gibb estate is … [Read more...] about Lengthy Probate Process Expected in Gibb Case
Free California Living Trust Report Now Available
There is a lot of questionable information that circulates on the Internet about estate planning, and certain misconceptions can arise. We have noticed that this is especially true when it comes to living trusts. As a response, we have created an informative report to share with you, free of charge. To download your free report, follow this link and complete the brief form that you see off to the right so we can send you access to the information: California Living Trust Report One of the … [Read more...] about Free California Living Trust Report Now Available
Estate Planning Information for Grandparents
Grandparents who want to provide for their grandchildren and are in possession of resources that exceed the unified gift/estate tax exclusion amount have some options. One possibility would be to start a trust for the benefit of a grandchild. If you want to set aside resources without being subject to the gift tax, you could give gifts in trust equaling as much as $13,000 per year without incurring any gift tax liability. An option that is available to you if you have minor grandchildren would … [Read more...] about Estate Planning Information for Grandparents
Take Action to Obtain Your California Estate Planning Report
As you mature, you may start to take the matter of estate planning more seriously than you did as a younger person. Many people start to look for information as they come to the realization that planning ahead for the well-being of their families is indeed important. However, you should ideally have an estate plan in place from the time you first become a responsible and self-supporting adult. Estate planning is truly essential for people of all ages. You can become more motivated if you have … [Read more...] about Take Action to Obtain Your California Estate Planning Report
