The validity of painter Thomas Kinkade’s will is the issue in the battle over his multi-million dollar estate. The painter, who died April 6 at the age of 54, apparently signed two barely legible hand-written wills that appear to give his mansion and $10 million to his girlfriend of 18 months. Kinkade, the so-called “Painter [...]
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Many people who are otherwise savvy when it comes to financial matters still make a number of mistakes when it comes to estate planning. Here are some of the most common errors people make, according to an article in Forbes Magazine. 1) Not having a plan If you don’t have a will, then the state [...]
Estate Planning Isn’t the Time to Hold Anything Back You wouldn’t want a surgeon to operate on you without first looking at the X-rays. You wouldn’t want a contractor to build your home without having blueprints. And you most definitely don’t want someone handling your investment or estate planning without having all the information they [...]
Wealthy Americans may soon lose their chance to give their heirs as much as $5.12 million tax free as this huge estate tax break is set to expire at the end of this year. The law currently allows tax free gifts of up to that amount, plus a relatively low 35 percent tax on amounts [...]