Hughes Estate Group publishes Estate Street – about all things estate and tax planning. This post reports on the dispute over a $90 million dollar collection of art from Papua New Guinea:
"Three brothers have been feuding since 2005 over the estate of their mother, Evelyn A.J. Hall who was a sister of the late publishing
John T. Brooks and Erika A. Alley are authors of The Jewish Clause published in Trusts and Estates discussing the case of In re Feinberg, 383 III. App. 3d 992 (1st Dist June 30, 2008).
They write:
"Max Feinberg created a trust in which he declared that any descendant of his — that is
POINT:
Duncan Bannatyne, a British Multi-Millionaire and best selling author terminated his daughter’s interest in a trust after her caught her smoking.
COUNTERPOINT:
In September 1993, Marin Cemenescu died leaving a will which stipulated that his wife must smoke five cigarettes per day for the rest of her life to inherit his house and
While much is made of the importance of blogging for today’s lawyers, here is a sobering note in counterpoint.
Brian Leiter, Why Blogs Are Bad for Legal Scholarship, 116 Yale L.J. Pocket Part 53 (2006), http://www.thepocketpart.org/2006/09/20/leiter.html.
Excerpt:
"Blogs, like markets, are hostage to the ignorance and irrationality of their most visible proprietors, as
Agents acting under durable powers of attorney are in a position to abuse their powers. Vulnerable elderly principals can be taken advantage of by the very persons they appointed to this position of trust.
Dennis R. Roddy, writing for the Pittsburgh Gazette, addressed this issue in "Courting Trouble: The document granting ‘power of attorney
Stephen Greenspan has written an article entitled Why We Keep Falling for Financial Scams, published in the Wall Street Journal on Janury 3, 2009. See the article here.
Greenspan writes:
"There are few areas where skepticism is more important than how one invests one’s life savings. Yet intelligent and educated people, some of them naïve
http://www.probatelawyerblog.com/
Continue Reading Probate Lawyer Blog
Lancaster Sunday News front-page headline today:
" Retired county judge challenges late sons’ $500,000-$900,000 bequest to Lancaster Public Library; state Attorney General’s office wants the filing attorney – judge’s son-in-law – off the case."
Read the article – click here or here.
THE CAST OF CHARACTERS:
The retired judge is Wilson Bucher, now 88 years old.
Your marital status on December 31 determines your filing status for the entire preceding year. If you are still married on December 31, you have a choice. You can file jointly with your soon-to-be ex-spouse or file using married filing separately status. You might qualify to file as Head of Household even though you are
OK so you lost a fortune with Madoff, at least you get a tax write-off.
Steve Dubner explains it in this New York Times article – click here.
See also Prof. Paul Caron’s Post: