For many people, avoiding probate is a good idea. A recent controversy about state laws now provides yet another reason for doing so through careful estate planning. A recent article about California estate administration laws brought up an interesting Catch-22 in the...
Month: August 2012
Before giving assets away to avoid gift tax, visit an appraiser
In addressing their estate plans, some California residents have probably heard about the gift tax exemption, which is scheduled to change dramatically at the beginning of 2013 unless Congress takes legislative action. One of the most important aspects of estate...
Jackson family upset over administration of Michael’s estate
It probably comes as no surprise to Californians that the controversy over Michael Jackson's estate remains in the headlines. The latest news comes in the form of a statement by the attorney representing Janet Jackson and other family members, alleging that the...
Son of Mary and Robert Kennedy Jr. named administrator
The estate administration process involving the late Mary Kennedy's estate has taken a step forward, as the son of Mary and Robert Kennedy Jr. has been appointed as the administrator of the estate. Conor Kennedy, the couple's eldest son, turned 18 in late July and on...
How to talk to heirs about an inheritance
Californians may be interested by a recent New York Times piece on the predicament of parents and children who have experienced the turmoil of inheriting a large sum of money. While this certainly seems like a very fortunate problem to have, some heirs have claimed...