Beat It, Just Beat It – The IRS Loses a Big One.

by Trust Counsel | Jun 23, 2021 | Articles, Asset Protection, Estate Planning, Estate Tax, IRS, Trusts, Wills

Beat It, Just Beat It – The IRS Loses a Big One. To understand just how far off the IRS can be when estimating an estate’s tax bill, one doesn’t need to look any further than recent tabloid headlines regaling the win by late singer Michael Jackson’s Estate.  Last...

Almost Three Years After Her Death, Aretha Franklin’s Poor Estate Planning Continues To Haunt Her Family—Part 2

by Trust Counsel | Jun 3, 2021 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Trusts, Wills

Nearly three years have passed since Aretha Franklin, known as the “Queen of Soul,” died from pancreatic cancer at age 76. When she first passed away in August 2018, her family thought that Aretha died without any estate plan at all. But since then, four different...

Aretha Franklin’s Poor Estate Planning Continues To Haunt Her Family!

by Trust Counsel | May 19, 2021 | Articles, Celebrity Estates, Estate Planning, Estate Tax, Family

Nearly three years have passed since Aretha Franklin, known as the “Queen of Soul,” died from pancreatic cancer at age 76. At the time, her total fortune was estimated to be worth up to $80 million. Yet due to poor estate planning, the late singer’s children have yet...

Celebrity Conservatorships

by Trust Counsel | May 6, 2021 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax

The creators of ‘Framing Britney Spears’ recently revealed that they left much out of the documentary and have enough original material, plus follow-up information, to make a subsequent documentary regarding Spears’ conservatorship entanglement.  With all the recent...

Shock Jock’s Estate Plan Shocking to Widow?

by Trust Counsel | Feb 25, 2021 | Articles, Celebrity Estates, Estate Planning, Estate Tax, Family

Conservative radio host Rush Limbaugh passed away last week, and in addition to legacy of political divisiveness and attacks, he also leaves behind a multi-million dollar estate. He announced his advanced cancer diagnosis a year ago, giving him ample time to finalize...

Whether 1 Divorce or 8, the End of a Marriage Impacts End-of-Life Planning

by Trust Counsel | Feb 12, 2021 | Asset Protection, Business Succession, Business/ Corporate Law, Case Law, Celebrity Estates, Estate Planning, Estate Tax, Family, Financial, Gift Tax, Guardianship, Health Care Directive, High Net Worth, Incapacity, Income Tax, Inheritance, Intellectual Property, IRAs / 401(k), IRS, Liens/Debt, Non - US Citizen, Non-Probate Asset

News icon Larry King recently passed away in the midst of his eighth divorce.  We will remember his many memorable interviews and nearly as many trips to the altar. He brought the famous and influential into our homes for decades, and those interviews bridge eras and...