Some words of wisdom for people who have assets in, or reside in, multiple jurisdictions.
Posts Categorized: Estate Administration
An ugly reality: financial abuse of the elderly
Heartbreaking stories like this are way too commonplace. We have had our share of similar, well-publicized problems in Hawaii. A primary mode of elder financial abuse is by the misuse of durable powers of attorney. Powers of attorney can be helpful tools, but they must be carefully managed and maintained, and they must be judiciously granted. It pays to have checks and balances, as well as systems of accountability, in place.
NorthJersey.com: Family feud may test boundaries of inheritance law
The good news is, these folks have plenty to fight over and the lawyers are going to make a ton of money. The bad news is, when people fight over estates, the lawyers often end up being the only winners.
Too Rich to Live? – WSJ.com
It’s looking more and more like the estate tax will be coming back with a vengeance in 2011. It’s not too early to plan for how to minimize the bite. This WSJ article provides a pretty good explanation of the current situation and future prospects.
Estate Tax Dormant, Billionaire’s Bequest Is Tax-Free – NYTimes.com
Dan L. Duncan, a soft-spoken farm boy who started with $10,000 and two propane trucks, and built a network of natural gas processing plants and pipelines that made him the… Read More »
Sanders Estate-Tax Proposal Would Hit Wealthy Harder – WSJ.com
Vermont independent Sen. Bernie Sanders and three Senate Democrats Thursday proposed an estate-tax plan that would hit wealthier taxpayers harder than another proposal on the table. The estate tax lapsed… Read More »
States Compete for Trust Business – WSJ.com
About half a dozen states are actively vying to attract wealthy families' trusts, as well as the jobs and tax revenue that come from the companies that administer these estate-planning… Read More »
Answers to questions about trusts
This blog posting answers some critical questions about trusts, asset preservation, and estate taxes.
Digital Estate Planning: How do I protect my digital and online information after I’m gone?
Just when you thought it was safe to log on to your computer. What happens to all of your personal information if you become incapacitated or die? You might want to think about that.