By dying in 2010, the billionaire and long-time New York Yankees owner’s wealth avoids the federal estate tax, likely saving his heirs enough money to field an entire team of Alex Rodriguezes.
Posts Categorized: Trustees
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.
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 »
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.
Questions and answers about revocable living trusts
What is a revocable living trust and how could I and my family benefit from one? This post answers some basic questions.
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.