by Trust Counsel | Jun 27, 2019 | Articles, Celebrity Estates, Estate Planning, Estate Tax, Inheritance, Trusts
Gloria Vanderbilt, railroad heiress and fashion icon of her own right, passed away last week at the age of 95. Though her Will has not been made public yet, the question of who will inherit her estate, which is estimated to be about $200 million, has been drawing...
by Trust Counsel | May 24, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax
Got a ‘Blended Family’? Learn From Tom Petty’s Mistakes: His Daughters and Widow Are Now Locked In Bitter Battle Over His Estate This week Tom Petty’s daughters escalated the battle over their late father’s estate by filing a lawsuit against Petty’s second wife that...
by Trust Counsel | Apr 18, 2019 | Articles, Estate Tax
“Everybody loves writing a check to Uncle Sam,” said No One Ever. As we all know, this past Monday was Tax Day. And with the new tax laws having gone into effect—followed by a (very) long government shutdown—this year’s tax season has been even more stressful than...
by Trust Counsel | Mar 8, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial
Even if you put a totally solid estate plan in place, it can end up proving worthless if it’s not properly updated. Estate planning is not a one-and-done type of deal: It should continuously evolve along with your life circumstances. No matter who you are, your life...
by Trust Counsel | Feb 22, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial, Trusts, Wills
The recent death of the CEO of QuadrigaCX, a major cryptocurrency exchange in Canada, demonstrates a basic, yet often-overlooked, tenet of effective estate planning: In the event of your incapacity or death, if your heirs don’t know how to find or access your assets,...
by Trust Counsel | Feb 21, 2019 | Articles, Estate Tax
The Tax Cuts and Jobs Act, P.L. 115-97, created a very attractive tax incentive for real estate investors. It created Qualified Opportunity Zones (“QOZ”) to bring private investments to low-income communities. Then, on October 29, 2018, the IRS issued proposed...
