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
Most of us know the name “Britney Spears” from her long show business career, which began when she was a child. By the time she was twelve years old, she starred in The Mickey Mouse Club. She later catapulted to stardom as a “pop” star. Most of us are equally aware that Ms. Spears suffered
A story is told about a conversation between two great writers on the nature of wealth. F. Scott Fitzgerald, very enamored of the leisure class, is reputed to have said to Ernest Hemingway: “The rich are different from you and me.” In reply, Hemingway said: “Yes, they have more money.” And then there is the
I would rather have it said, ‘He lived usefully,’ than, ‘He died rich.’
Many people erroneously ascribe to Adam Smith, the founder of modern economics, an ideological hostility to taxation that he did not in fact espouse. In his time, he would have been known as a “moral philosopher,” and his first work
Here is a potpourri (and you thought that was just a Jeopardy category) of recent articles touching on the world of Trusts and Estates. Hey, you can’t expect a musical entry every week.
From Forbes:
Estate Tax Nightmare: Three Weddings, Two Funerals, And A Mexican Divorce:
“. . .this week’s topic offers a critical
In this week’s New York Trusts and Estates blog entry, Sally M. Donahue discusses one of the many recent changes to the law regarding statutory short form Powers of Attorney, that change being the possible award of monetary damages, reasonable attorney’s fees and costs against a third party who is found to have acted unreasonably
The new Power of Attorney statute is in effect, as of June 13, 2021. Signed into law late last year, it has been the subject of intense study by trusts and estates attorneys (and many others as well). The new Power of Attorney law makes many substantial changes to the old law. The old law,
The government just issued its “Green Book,” the summary of the President’s proposed changes to the tax laws. Perhaps the recent leaks from the IRS about the income taxes paid by some of our wealthiest citizens will have an impact on these proposals.
From Wealth Management, an article (see link below) that is a comprehensive
As a trusts and estates practitioner, part of my practice is to help my clients formulate an estate plan. The plan usually includes a Will, a Heath Care Proxy, a Living Will and a Power of Attorney. Some people opt to place some or all of their assets in a Trust. Assets also can be
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
