To a New Yorker, this seems impossible, but in some states, a child may be personally liable for a deceased parent’s medical bills. Over half the states have legislation variously referred to as Filial Support or Filial Responsibility Laws. These statutes oblige children to satisfy their parents’ medical debts even if the child made no
I. Tax changes, the latest developments.
The Trusts and Estates community is awash with rumors of the tax changes being proposed in Washington. Every day, the inbox is filled with rumors, invitations to webinars on planning opportunities, and the “dire” consequences of some of the proposals. The lobbyists are more numerous in Washington than people
Daniel Craig is a prominent actor, one of the most recent incarnations of the James Bond franchise. Mr. Craig made headlines recently with his announcement that he finds that “inheritance is distasteful.” He plans to give little if anything to his children and the rest to charity. Shocking. Positively shocking? No, a charitable disposition is
Walt Disney’s Wonderful World of Color was a feature (albeit not in color) of my Sunday evenings as a boy (although not as much as Wild Kingdom and Bonanza). This blog entry concerns the Disney fortune and the problems that frequently arise in the generations that follow the demise of the creator of the great
The challenge of maintaining a law blog is to keep it fresh and to make it interesting to a broader audience than attorneys. One of our recent blog entries discussed the debts of a decedent and whether a decedent’s family would be personally responsible for those debts. (Short answer – no.) This entry will explore
For the 99.5%.
A funny thing happened on the way to President Biden’s inauguration. What had been a trickle in the few years before the election became a flood after November 2020.[1] Famous artists started selling their song catalogs. Bob Dylan sold his songs for a reported $300,000,000. He was not the first to
In these troubled times, we at Jaspan Schlesinger LLP extend our best wishes for the coming year to all.
Before my colleague Sally Donahue continues her series on guardianship matters next week, I thought I would fill in the gap and digress from the world of Trusts and Estates with some thoughts on the role
We began our Trusts and Estates blogging with an essay by a member of the Firm and colleague in our Trusts and Estates Department, Sally Donahue, on “The Human Touch.” One of the reasons we began our blogging was not just to be just another trusts and estates blog droning on and on about the
