Kobe Bryant of the Los Angeles Lakers has sued a New Jersey auction house, Goldin Auctions, in Federal court to stop the auction of his personal belongings. How did the auction house get hold of Kobe’s personal belongings? His Mother! Kobe claims that he never gave his items to his mother. He and his wife [...]
Yahoo News recently posted a very interesting article from MarketWatch that I thought would be interesting to share with the readers of this blog. The articles main focus was on retirement and estate planning lessons taken from the hit British Drama, “Downton Abbey.” I was especially interested in this article because while on a road trip with a [...]
The good thing about drafting a will is that you can decide exactly how your property will be distributed upon your death. In essence, you are the master of your property. However, there are hurdles that must be overcome. One such hurdle is whether a spouse or a child is considered disinherited from your will. Another [...]
There are various Estate Planning mechanisms available to help defer, minimize, or even avoid certain taxes completely, such as capital gains or estate taxes. Common Tax Deferment Tools Some of the most commonly used tax deferment tools include the following: 1031 Exchanges Private Annuities Charitable Trusts Installment Sales All of the tools involve the same [...]
Probate attorneys specialize in the process that takes place regarding the transferring of property after a person’s death. To give you a better sense of this process, consider all of the pieces of property a person might be in possession of: real estate, personal property, automobiles, stocks & bonds, bank accounts, jewelry, etc. That is [...]
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