Angelina Jolie, Farrah Fawcett, Tom Petty
1Dying Angie Jolie leaves $116 M to Son Maddox – Ailing Angelina Jolie is reportedly down to 92 pounds and is leaving her film empire, called Jolie Pas, worth $116 million [...]
Huguette Clark, Frank Sinatra, Robin Williams estates
1Huguette Estate – Huguette Clark was a mysterious and reclusive New York multi-millionairess who passed away near her 105th birthday. Clark was the daughter of William Andrews Clark, who was [...]
Advantages of Trusts
Trusts are used for many purposes, including dividing ownership of property. Trustees are the legal owner and may control the property, and the beneficiary holds the right to enjoy the [...]
Sixty Percent of Americans Have No Will
Many Americans have not “gotten around” to making a will. However, a will puts you in charge of the distribution of your estate. Also, a living trust can help your [...]
Trust and Will Terms Defined
Applicable exclusion amount – Another name for the unified credit that shelters a certain amount from the federal estate and gift tax. By-pass trust – The “B Trust” in A-B trust planning [...]
Decanting a Trust
Decanting a trust is the act of distributing assets from an old, irrevocable trust to a new one with more favorable terms. There are a number of scenarios that may [...]
Intestate Succession
When a person dies without a will, intestate, their estate will be distributed according to the controlling state's laws of intestacy. Per Stirpes. According to this manner of distribution, the [...]
Social Security Benefits
You can retire between 62 and your full retirement age (FRA). Your FRA depends on the year you were born, and varies from 62 to 67. Doug Lemons, a Social [...]
See Through Trusts
The advantages of using a trust as a designated beneficiary of an IRA (or creating a See Through Trust) are that they allow spendthrift, divorce, asset and bankruptcy protection. The [...]
Advantages of Trusts over Wills
Trusts are used for many purposes, including dividing ownership of property. Trustees are the legal owner and may control the property. The beneficiary holds the right to enjoy the property. Trusts have [...]