NAMI Offer Help In Difficult Area Of Special Needs Estate Planning

In the Oscar-winning 1979 documentary “Best Boy,” director Ira Wohl spent three years filming the life and times of his middle-aged cousin, a New York City man with a developmental disability everyone called Philly, although his name was Philip. Over the course of the film, it becomes clear that Philly’s aging parents, more than Philly […]

John Adams Charitable Trust Mismanaged 60 Years

A charitable trust set up in 1822 by John Adams, second president of the United States, has been mismanaged since 1953. The Adams Temple and School Fund was set up to benefit religious and educational interests in and around Quincy, Mass., Adams’ home town. But a lawsuit has revealed that Quincy city officials, while acting […]

States Moving To Reduce Estate Taxes

The federal estate tax is not much of an issue for most Americans. With the exemption now at $5.34 million, or $10.68 million for a couple, only the wealthiest have to worry about it. And the exemptions will continue to rise with inflation. But, in many states, estate taxes continue to be an issue for […]

The Disney Family: Not Suitable for a Disney Movie

Disney movies are typically light and fluffy, suitable for children, but the story of the real Disney family isn’t quite so happy.. There is a vicious battle currently underway over $400 million that has torn the heirs of Walt Disney apart. The legal fight began when Michelle Lund, granddaughter of the founder of the Disney […]

Celebrities Who Messed Up Their Wills

It is important to get your will right. Even top celebrities, who have access to the best legal advice, mess them up all the time. Actor James Gandolfini is the latest who apparently didn’t do the best job. Gandolfini’s will was an unnecessarily brief document. It is still being examined and debated, but one leading […]

Steps for avoiding estate planning mistakes

Even the most savvy seniors make mistakes when they get around to estate planning. The web site lifehealthpro.com has listed some of the most common mistakes people make, mistakes that can lead to expensive and time-consuming disputes. Here are some things you can do to avoid them: 1)  Get all your estate planning documents together […]

Obama budget impact on estate planning

Although legislation was passed this year on the estate tax, limiting the top tax to 40 percent, with only estates worth over $5.25 million subject to the tax, President Obama’s budget still wants to return to the 2009 levels starting in 2018. Under the proposal, starting in 2018, the top estate, gift and generation skipping […]

Family wealth can be a blessing, not a curse

Some people complain that family wealth is a curse. Kids get too much too soon. They lose motivation. Family members focus on money to the exclusion of all else. And it can lead to low self-esteem, since you inherited the money and didn’t make it yourself. All that can be true. But an article in […]

Book Tells You Everything You Want to Know About Estate Planning

Forbes blogger Deborah Jacobs has written a book that will tell you everything you need to know about estate planning. It is called “Estate Planning Smarts” and it is described as a “user friendly, action oriented guide” to estate planning. It has been updated to reflect the latest changes to estate tax policy. It is […]

Better Be Careful Where You Die

Now that the confusion over the federal estate tax is resolved — the $5 million exemption is now permanent — you may think that’s the last you’ll have to worry about estate taxes and exemptions. Wrong. Each state has its own estate tax laws. So depending on where you live, your estate may not be […]