Blog Posts in August, 2012

  • The Defense of Marriage Act, a federal law passed in 1996, has generated controversy since its passage. The law, which denies federal recognition of gay marriages, has recently come into question due to the way it impacts the estate planning needs of same-sex couples in New York and throughout the country. According to a federal court's ruling, DOMA violates the Equal Protection Clause of the ...
    Continue Reading
  • Probate Litigation Drags on Over Hotel Magnate's Estate

    || 20-Aug-2012

    Eighteen months after he died, the estate of the 93-year-old hotel magnate John Q. Hammons, who used to own John Q. Hammons Hotel Management Company, still remains unresolved. Shortly after his death, a group of his friends filed a suit amid concerns regarding his care. Online court records show that the case remains active, but the judge overseeing the probate dispute has sealed the records. It ...
    Continue Reading
  • Is it Time to Review Your Estate Administrator?

    || 15-Aug-2012

    Some New York residents who have the foresight to prepare an estate planning document such as a trust, will or power of attorney never look at it again. However, as a person's life changes, so too should his or her estate planning documents. One of the key considerations when making those revisions is who to designate as the administrator. People who have not reviewed their estate planning ...
    Continue Reading
  • A family's dramatic legal battle may offer New Yorkers a valuable lesson about how to plan ahead wisely. The estate planning drama surrounds the unexpected one-year disappearance of the federal estate tax during the year 2010. The story starts with a trust set up by the founder of Magnolia Audio Video and his wife in order to reduce their estate taxes. The trust included a formula clause, ...
    Continue Reading