A homeless man in New York City claims that he was left an inheritance of $100,000 that the executor of the estate has refused to give him for three years.
Read More »Estate Planning Attorney Pleads Guilty to Fraud and Other Charges
A Wisconsin estate planning attorney who faced 33 federal charges stemming from fraudulent activity and stealing her wealthy clients’ money has reached a deal and will plead guilty to five of the charges.
Read More »Why People Do Not Have Estate Plans
A recent survey reveals something that we already know: most Americans do not have estate plans. However, the survey also reveals the reason why people do not get estate plans is because they feel they lack the financial know-how to even get started.
Read More »Is the Family Business a Part of Your Estate Plan?
Family business contributes to over 70 percent of global productions, but owners of them don’t update their estate planning. It’s estimated that over 50 percent of family business owners didn’t update their estate planning documents for more than five years. Perfect and updated family planning ensures the smooth transition of a property from one generation […]
Read More »MSU Alum Leaves Millions to School
Montana State University announced on Thursday that the late Bill Wurst, a 1959 alumnus in electrical engineering, has left $4 million to the MSU College of Engineering as a gift from his estate. The gift will be used as matching funds for the university’s planned Norm Asbjornson Innovation Center. Through a bequest from his estate, […]
Read More »Can I Survive Financially if I Live to be 100?
How long will you live? It’s a key question in retirement planning. If you’re healthy and your family tree has branches with staying power, you may figure that you have decades ahead. If your parents died early of natural causes, you may assume a shorter life. Yet research shows that behavior is more crucial than […]
Read More »Do Not Forget Your Frequent Flier Miles
Most people who travel a lot have accumulated many unredeemed frequent flier miles or hotel reward points. What many do not know is that it is a good idea to state who should assume ownership of these loyalty reward points in an estate plan. If you take the time to read the terms and […]
Read More »Gift Tax Basics
People who want to give a large amount of money to another person often have questions about how much they can give without having to pay taxes on the gift. Fortunately, the gift tax is relatively simple once you know the basics. Many parents find themselves in a position where they want to give […]
Read More »Leaving Your Friends a Few Drinks
Sometimes it is the littlest things that you do in your estate plan that create the most lasting memories. This might be the case in England where one man left his drinking buddies money to have drinks on him. Roger Brown of Swansea, England had visited the same pub for over 40 years and […]
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