December 12, 2008
Judge rules woman knew what she was doing · Restaurant owner says life will go on as normal
The will of a wealthy widow who left more than £10m to the owners of a
Chinese restaurant who became...
January 09, 2008
Maybe I’m getting’ older, but the audiences at my tax-saving seminars seem to be getting younger.
January 09, 2008
The Associated Press
Published: January 4th, 2008 01:00 AM
A King County Superior Court judge will determine whether a man found
not guilty by reason of insanity after killing his mother and his
brother should profit from their...
January 08, 2008
A year after music legend James Brown died in an Atlanta hospital, the people who surrounded him in life continue to fight over the future of his fortune and legacy. People claiming to be Brown’s relatives have entered the fray. And none of what’s become a tragicomic saga looks to be resolved anytime soon.
January 08, 2008
America's burgeoning money culture is producing a record number of heirs—but handing down values is harder than handing down wealth.
January 08, 2008
Many parents establish custodial investment accounts for their children. Typically, these funds are intended to be used for college. Alternatively, when the child reaches college age some parents transfer appreciated securities to the child and have the child sell the newly gifted asset in order to have that gain taxed at the child's lower tax rates. In the past there has been a potentially large tax advantage to these shifting techniques.
January 08, 2008
Paris Hilton could lose out after her billionaire grandfather announced he is leaving the bulk of his money to charity.
January 08, 2008
Family offices are supposed to make life easier for the very wealthy. But these days, choosing a family office is anything but easy.
January 08, 2008
AIKEN, S.C. (AP) — A judge handling James Brown’s contested fortune refused Friday to remove himself from the case despite an argument from the late soul singer’s former trustees that he forced them to resign.
January 08, 2008
"The first time children make decisions together about significant wealth, it is usually some time around settling the parents' estate," said Rogerson, the director of family wealth services at BNY Mellon Wealth Management. "That is a bad time for siblings to learn about making decisions as a group."
January 04, 2008
ATLANTA --Police have charged a 20-year-old Virginia man with breaking into his aunt's Atlanta home after his dead father's estate was willed solely to her.
Investigators say Michael Amsie - carrying a sawed-off shotgun and a knife and wearing a disguise - was trying to get his father's money and property back from Eleanor Barton, who is in her 70s, and her husband, Charles Barton, who is in his 80s.
January 04, 2008
It's painfully difficult not to make easy jokes about Paris Hilton's "The Simple Life" -- or maybe her pop song "Screwed."
January 04, 2008
AIKEN, S.C. - Five of James Brown’s children say their late father’s will should be invalidated because his former advisers used undue influence to get him to create charitable trusts that the advisers would profit from, according to court documents filed this week.
December 21, 2007
The Frederick News-Post December 07, 2007By Gina Gallucci News-Post Staff
Are you getting letters from Spain regarding a distant relative’s will?The lawyer claims your relative died without a will and left $14.8 million behind. All you have to...
December 21, 2007
New York Times By BOB MORRISPublished: July 30, 200
NEW YORK was aghast last week at the dark drama surrounding Brooke Astor, the 104-year-old philanthropist and socialite. Her grandson is taking his father, her only son, to court for...
December 21, 2007
New York TimesBy Janon Fisher Published: March 26, 2006
FROM their introduction to each other 20 years ago to the sudden death of one of them last year, Rene Price always surprised Betty Jordan.Ms. Price and Ms. Jordan met late...
December 12, 2007
Wall Street JournalDecember 10, 2007; Page A18
We don't normally look to Tinsel Town liberals for
insights on U.S. tax policy, but Whoopi Goldberg's comments on the
estate tax last week deserve more attention.
During a discussion of Republican Presidential
candidates on ABC's...
December 12, 2007
Dailypress.comBy Kathy Van MullekomNovember 18, 2007
About four years ago, Evelyn Edwards, 89, almost...
December 12, 2007
By Diana Olick
D.C. Correspondent
CNBC
updated 7:20 a.m. PT, Wed., April. 19, 2006
WASHINGTON
- Many counting on parents' wealth may be in for a nasty surprise. They came into the world in big numbers --...
November 26, 2007
Lucky dog! That may have been your first thought when you heard that Leona Helmsley left 12 million to her Maltese, Trouble, when she died. But then, perhaps, your second thought: What's going to happen to my own pets?