If you are reading this blog, chances are that you thinking about removing someone...
Category: Inheritance
Houston Probate Lawyers Answer, “Will My Inheritance Be Taxed?”
One of the most common questions our Houston Probate Lawyers get from people who just inherited assets is whether or not they owe taxes on the money or property they just received. It is an excellent question, but the answer is a...
Saints Owner Will Call Another Play in Fight Over Trusts
The National Football League said “no” to New Orleans Saints owner Tom Benson's original proposal to remove team ownership from his estranged family's trust funds. This means he’ll have to try again with new financial terms. The NFL won't let Benson personally guarantee promissory notes he offered in exchange for Saints shares held in trust funds created for his daughter and grandchildren. T...
How Not to Do It: Spending the Inheritance on Royal Souvenirs and Strippers
For the Scripps family, who were heirs to a media fortune, they simply spent their millions. According to an article on CNBC.com, “The Greed Report: Not a billionaire? You still need an estate plan,” they took luxury cruises around the world and family outings ...
Celebrity Estate Panning Leaves a Lot to Be Desired
One would think that big stars like Prince would have a team of high-powered advisors, compared to the average Joe and Jane. But that isn’t so, says CNBC in the recent article “Don't make these celebrities' estate-planning blunders.” Read More A former University of New Hampshire librarian’s $4 million gift to the school has received considerable attention due to the way the school opted to use the funds. This uproar is a reminder that estate planning is important, especially if you’re particular about the way you want your money used. Read More Librarian’s Estate Plan Includes $4 Million Gift to School
