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 [...]
When Heirs Hope You Don’t Live Long or Prosper
The former Star Trek beauty, Nichelle Nichols is in the throws of a complicated conservatorship. Lieutenant Uhura's son Klingy Kyle claims Mom is [...]
Jay-Z’s Billon Dollar Empire may have New Heir
Rapper and billionaire Jay-Z may be facing a paternity lawsuit from alleged love child Rymir Satterthwaite. As part of the litigation process, Jay-Z may [...]
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 [...]
1031 Exchange Update
Reverse Exchange. Under IRP Procedure 2000-37 a replacement property may be closed before a replacement property under a safe harbor reverse exchange. An exchange accommodation [...]
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 [...]