A dispute one year in the making has found its way to federal court. Representatives for the estate of deceased pop legend Michael Jackson have filed challenges to the IRS' levies on the value of Jackson's likeness and image. The penalties associated with the IRS'...
In a prior post, we highlighted how younger generations (specifically millennials) in Florida look at estate planning differently than baby boomers. They are not as enamored with passing down and receiving family heirlooms compared to older generations, and they are...
Last week's lottery winners have experienced a life-changing event. Winning millions of dollars obviously can make one very popular (and infamous) at the same time. Stories abound of lottery winners blowing through their winnings in less than a decade, and some (like...
When children or other heirs think about their possible inheritance, it most often elicits a discussion about a positive sum of money, grandmother's diamond ring or some other positive asset. The truth is that this isn't the only type of inheritance an heir might be...
As more information is released about late actor James Gandolfini's estate, people in throughout Central Florida are learning about how to structure their estates so that heirs and beneficiaries can enjoy the most of what is left to them. The actor best known for...
Former "Sopranos" star James Gandolfini passed away suddenly while on vacation in Italy before the Fourth of July holiday. Millions of fans mourned his passing and were surprised by how the life of someone who was relatively healthy was cut short. According to...
From time to time, we learn from our older clients of the pain they experience from not hearing from their children or other loved ones. They describe how they do not speak very often to them, and how they worry about not having anyone around to care for them or...
The United States supreme Court recently issued a ruling on U.S. v. Windsor, the estate tax case that pitted 84-year-old Edie Windsor against the Internal Revenue Service over taxes imposed when her long-time spouse, Thea Spyer, left Windsor her estate when she died...
Imagine if a loved one passes away without a will. In this instance, Florida law will determine how the estate will be divided amongst his or her heirs. When a person passes with a will, the terms and conditions of the document will control. However, what happens when...
Many people realize that estate planning is more than just putting together a will and choosing beneficiaries, but few understand (or consider) the emotional issues that come about when assets are actually distributed after they pass away. Indeed, the person creating...
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