Proposed Expanding of Estate Tax in 2020

Proposed Expanding of Estate Tax in 2020

The 99.8% Act proposes a progressive rate structure starting at 45 percent for estates between $3.5 million and $10 million. Although the likelihood of this bill becoming law is uncertain, it appears that the expansion of the estate tax will be a target for 2020...
Truly Scary Stories Due To Lack of Planning

Truly Scary Stories Due To Lack of Planning

A few first-hand stories about some of the negative consequences caused by a lack of planning (negative consequences that don’t necessarily revolve around money). As the article succinctly states, “there’s no drama in the universe like death drama.”...
Celebrity Estate Planning

Celebrity Estate Planning

So, the auction begins today with sixty percent of the proceeds going to Bourdain’s estranged wife, Ottavia Busia, and his daughter Ariane, the rest to a new scholarship at the Culinary Institute of America. Although Bourdain did some planning, one wonders if this is...
Avoiding Estate Plan Conflict

Avoiding Estate Plan Conflict

Great practical tips from litigated experiences. Best to leave adjustment provisions (provisions that try to balance inheritances due to outstanding inter-family loans, etc.) out of a Trust or Will, and update it at frequent intervals instead. Moreover, ask your...