This from Samantha E. Weissbluth writing for Wealth Management:
Gay son must marry woman to get inheritance
In a recent New York case, a father, in his will, dictated that his gay son’s child get nothing unless his son married
Spencer Law Firm
Spencer Law Firm is a legal practice based in Lancaster, Pennsylvania, specializing exclusively in trust, estate, and tax law. The firm provides services including expert witness testimony, fiduciary litigation consulting, comprehensive estate planning, and trust and estate administration. Their publications and blogs focus on topics such as fiduciary duties, estate planning strategies, trust administration, and litigation remedies related to estates and trusts. The firm also offers resources for both clients and attorneys, including practice manuals and speaking engagements on estate and tax planning matters. Their content addresses practical legal issues faced by executors, trustees, beneficiaries, and professionals involved in estate and trust law within Pennsylvania.
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Rauschenberg’s “Canyon” now belongs to MoMA
A couple of months ago we wrote about the IRS’ s ridiculous position on the estate tax value of this piece of art featuring an “illegal eagle.” The case has been setlled – finally. A charitable contribution was made to the…
Federally Indicted Estate Planning Attorney Pleads Guilty
Attorney Jospeh Caramadre and his associate Raymour Radhakrishnan were to be tried for a scheme of defaruding dying individuals and make more than $15 million. On November 20, 2012 they admitted in the U.S. District Court in Rhode Island that…
Is a Divorce Agreement That Promises an Inheritance to Kids Enforceable?
Let’s say you got a divorce. As part of the divorce agreement your ex agreed to leave half of his estate to your kids. He dies. He leaves a will that doesn’t comply with the agreement – leaving 90% of…
Executor of Estate Sues Baker Botts
The executor of the estate of a Houston man who died in September 2010 filed a negligence and negligent misrepresentation suit against Baker Botts on Oct. 10, alleging the firm made an estate-planning error that will cost the estate…
$80 Million in Gold Coins Seized from Estate
Philadelphia coin dealer Israel Switt died in 1990. In 2003, 13 years after Switt died, his daughter and grandsons drilled open a safe deposit box in Switt’s name and found 10 rare gold coins. The coins were 1933 Saint-Gaudens…
Patti Spencer Talks to Fox News on Art Valuation
What is the value of a piece of art that cannot be sold? In the case of “Canyon” by artist Robert Rauschenberg, the IRS claims it is worth $65 million. They also want to tax the heirs who now…
Who Says Wills are Boring?
How many of your clients get shot at? Shooting over a Will
PBI Solo and Small Firm Conference
Don’t miss this CLE on Tues. & Wed., July 17-18, 2012 at the Omni Bedford Springs Resort This is the best CLE of the year and a HUGE bargain. Here is the brochure: click here