Neil Hendershot has a terrific post on his blog called "Liquid Trust" or "Living Trustworthiness"? With tongue in cheek, he talks of buying trust in a bottle (like Love Potion No. 9) to solve the nation’s financial crsis.
"Liquid Trust is the world’s first Trust Enhancing Body Spray, specially formulated to increase
Did you know you can turn in tax cheats for bounty?
Section 7623 of the Internal Revenue Code authorizes payments for detecting underpayment of tax and detecting and bringing to trial and punishment persons guilty of violating the internal revenue laws or "conniving" (love that word) at the same.
As pointed out by Timothy
Reserve Primary Fund (Ticker RFIXX), a money market fund with $62 billion in net assets, today wrote off $785 million of debt issued by the now bankrupt Lehman Brothers, reports Christopher Condon for Bloomberg.com.
The Board of Trustees of The Reserve Primary Fund issued a news release today (September 16, 2008). In the release they stated
Bear Stearns, Fannie and Freddie, Merrill Lynch, Lehman Brothers. What’s next?
And what about all the trust portfolios that are headed down? Remember, the standard of care under the Prudent Investor Act is not measured by portfolio performance – it is a standard of trustee conduct measured by how the trustee monitors, responds, and follows
Dan was a single guy living at home with his father and working in the
family business. When he found out he was going to inherit a fortune when
his sickly father died, he decided he needed a wife with whom to share
his fortune.
One evening at an investment club meeting he spotted the
I’ve heard it said that there is not a remedy for every wrong, but it has always troubled me that a person "done out" of an inheritance had no recourse. Unless the person could fit themselves into the very limited circumstances of a third party beneficiary, most of these "disinherited" persons had no remedy agaisnt the person
You gotta see this:
Juan Antunez’s post on the Florida Probate & Trust Litigation Blog —
Probate lawyers arrested for representing client disinherited by Georgia’s Slayer Statute.
Antunez writes: "When it comes to staying out of trouble, spotting your risk exposures is half the battle (it’s the "unknown unknowns" that will get you). The Georgia case gives
You can shuck corn, too. And peas and beans. Bet you never thought of this:
Jerry Orbach’s son, Chris, says his stepmother, Elaine Cancilla-Orbach is a "double-dealing, lying, scheming, miserable fool." All he got from his dad’s estate was "a few CD’s, two sweaters, a pool cue and a pocketknife."
Writing your will is not a do-it-yourself project.
Words are important. The words that are in your will are very important. That is one of the reasons you should not try to write your own will. Even preprinted forms and computer programs can lead to problems. Take the case of Mr. Tate, recently decided
Trustees of Pennsylvania trusts have until November 6th to comply with the new notice requirements of the Pennsylvania Uniform Trust Act (PA UTA). This new legislation requires notice to beneficiaries and interested parties of the existence of trusts.
Until now, there have been many "secret" trusts in Pennsylvania. In other words, many beneficiaries