by Leslie Marenco | Aug 17, 2014 | Articles, Estate Planning, Estate Tax, High Net Worth, Non - US Citizen, Trusts
This is South Florida so I commonly encounter married couples with mixed nationalities. That is, one spouse is an American citizen and the other is not. The U.S. estate and gift tax rules are generally the same for U.S. citizens and resident aliens. However, the...
by Leslie Marenco | Aug 11, 2014 | Articles, Estate Planning, IRAs / 401(k), Non-Probate Asset
Before Leonard Smith lost his battle with cancer in 2008, he worked with his financial advisors to make sure his children received the balance of his retirement funds when he died. He had remarried late in life, two months before his death in 2008, in fact. But it was...
by Leslie Marenco | Aug 10, 2014 | Articles, Estate Planning, Health Care Directive
As people live longer, the chances of experiencing incapacity increase, and the advance health care directive becomes ever more crucial in avoiding disputes and providing a peaceful transition for end-of-life situations.It is often asked, why do I need an Advance...
by Leslie Marenco | Aug 10, 2014 | Articles, Celebrity Estates, Estate Planning, Estate Tax, High Net Worth, Probate, Wills
James Gandolfini, who won three Emmy awards portraying mob-boss Tony Soprano for eight years on HBO’s The Sopranos, died on June 19th, 2013 in a very unexpected manner. That day, he was touring Rome with his 13-year old son, Michael, when he suffered the sudden and...
by Leslie Marenco | Aug 10, 2014 | Articles, Celebrity Estates, Estate Planning, High Net Worth, Trusts
When news breaks that multiple celebrities within a month’s time are cutting their kids out of their estate plans, it’s not hard to see which way the wind is blowing… Not wanting their children to be unmotivated “trust fund” brats that...
by Leslie Marenco | Aug 9, 2014 | Articles, Estate Planning
Some people think that an estate is something only wealthy people have so only they should be concerned with estate planning. That misconception has caused countless well meaning people to ignore this kid of essential planning. Don’t be fooled: while not everyone...
