Blog readers may recall the story of deceased Hollywood sitcom star Sherman Hemsley's estate and the legal challenge from his brother that kept his body above ground for more than three months after his death. Finally, an El Paso, Texas, judge has ruled that Hemsley's...
Month: November 2012
Voters in California pass Proposition 30 to raise taxes on rich
One of the major differences between President Obama and Mitt Romney was their opinions on how to handle taxation of the middle and upper class. Obama favors an increased tax rate for the wealthiest Americans, and not surprisingly, Democrat-dominated California voted...
Whitney Houston’s estate settled after family squabble
Californians may have seen that deceased pop star Whitney Houston's estate has finally been settled. Bobbi Kristina Brown, the daughter of Whitney Houston and singer Bobby Brown, will receive three sizeable installments from the estate as she hits certain age...
Gift tax deadlines warrant creative estate planning
California residents, especially readers of this blog, are well-aware of the impending changes to the gift tax and the estate tax that will take place unless Congress acts quickly to pass new legislation before next year.For people with sizeable assets, families with...
Same-sex couples may face more estate planning concerns
A recent news article discussed the issues that California same-sex couples may face when it comes to making sure that they and their loved ones are fully protected financially. Same-sex couples can face more difficulties than heterosexual married couples when it...