From Nolo’s Everyday Estate Planning Blog:
“If you, or anyone you know, has been approached by someone offering to buy them a life insurance policy and promising a risk-free way to earn some serious cash, be cautious. From the same folks who brought you risky mortgages that you couldn’t afford and packaged them as ‘no-risk’ securities [...]
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“The dispute over Charles’ musical and financial legacy was the subject of an article in Sunday’s Los Angeles Times. The article reported that the rights to Charles’ music had become the subject of several lawsuits in state and federal courts. The litigation pits several of the children against Joe Adams, 86, Charles’ long-term manager, who [...]
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From the article:
A similar approach led Kelly Bedard and Olivier Deschenes to a rather striking conclusion: divorce may not be financially harmful to women. They find that divorce actually led women to live in households with greater income per person. (To be more precise, they argue that the marginal divorces caused by the [...]
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Call it tax evasion, asset protection or crime - celebrities from Sophia Lauren to Wesley Snipes, couldn’t resist showing empty pockets when the tax man came. . .
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The article includes a link which provides excellent advice for those in San Diego considering estate planning for non-married couples and domestic partners.
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Trusts and Estates Professor writes:
A wealthy lawyer who killed his wife after she had an affair is set to inherit nearly £1million from her will after being freed from jail.
“Mrs Lumsden’s relatives are said to be “devastated” by his apparently lenient punishment but were too upset to comment.”
California statute covers this situation via Probate Code [...]
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Amid the stock market’s sharp losses and wild volatility in the first quarter, some investors may have discovered their true threshold for pain. So what do you do if that threshold turned out to be a lot lower than you’d thought? There are steps you can take to reduce your risk of serious portfolio losses [...]
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What is estate planning? Find some answers in this article.
The following is from Ian Driscoll: Parents must put children in the know, us.ft.com, Mar 24 2008:
“Tax planning is a very important part of estate planning; sometimes the only part,” says Susan Schoenfeld, principal and associate fiduciary counsel at New York-based Bessemer Trust. “But it shouldn’t [...]
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This is a fascinating read - considering that the law on point in New York largely mirrors the law in California.
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