Blog Posts in January, 2012

  • A woman who had been appointed as the executor of her mother's estate was sentenced to jail last week because she lied to a probate judge about the money she was responsible for distributing to her siblings. The woman's mother had died in 2006 of cancer, after she had allegedly been misdiagnosed. The family won a wrongful death settlement, which after legal fees was over half a million ...
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  • Much has been made recently of the major candidates for president and the release of their income tax records. Particular attention has zeroed in on Mitt Romney, whose income in recent years dwarfs that of one of his chief rivals for the presidential nomination, former Speaker of the House Newt Gingrich, as well as President Obama. But in addition to the income he has made, Romney and his advisers ...
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  • Estate Planning Surprises Turn 'I Do' Into 'I Should Have'

    || 19-Jan-2012

    A lack of careful estate planning can lead to unexpected expenses at a time when people are often unprepared to cover them. Such is the case with a New Jersey couple who delayed getting married until they moved to Florida. Unfortunately, the man died before the wedding could take place, and a gift of over $1 million worth of stock he made while still alive was considered to be part of his estate ...
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  • Estate Planning: The Livin' Is Easy for Gershwins' Heirs

    || 11-Jan-2012

    Porgy and Bess have new life on Broadway--but it's not all about the music. The heirs of George and Ira Gershwin, as well as descendents of other famous but long-deceased composers, have been busy in recent decades polishing old music into new moneymaking opportunities in New York and elsewhere. In the case of the Gershwin brothers, neither of whom had children themselves, it is mostly the ...
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  • Many New York residents do not like to think about the notion of having to prepare their final wishes--after all, estate planning conjures up feelings of planning for one's own death. While preparing a will may seem like a morbid task, the last thing anyone in New York wants to happen after they've died is to have their final wishes not honored. The problem that comes with not conducting ...
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