Estate planning among the affluent has significantly shifted from solely focusing on tax minimization to prioritizing values, community impact, and social responsibility. The doubling of the estate tax exemption 2018 provided breathing room for wealthy families to consider their legacy…
Wills, Trusts & Estates Prof Blog
Latest from Wills, Trusts & Estates Prof Blog - Page 2
Article: Tax Sheltering Death Care
Victoria J. Haneman (Creighton Unversity School of Law) recently published, Tax Sheltering Death Care, 2024. Provided below is an Introduction: Death is not free. Death care expense is the third largest category of expense with which the average American will…
Not Just a Wealthy Tax-Shelter: Donor-Advised Funds Are Effective Tools for Giving, Study Finds
A recent Donor-Advised Fund Research Collaborative report reveals that 54% of donor-advised funds distribute at least half of their assets to nonprofits within three years. Contrary to criticisms, it shows that half of these funds are modest in size, with…
‘Star Trek’ Fan Leaves Behind a Collection Like No One Has Done Before
Troy Nelson, an avid Star Trek memorabilia collector, tragically took his own life shortly after the sudden death of his brother, Andrew Nelson. The immense collection left behind by Troy, spanning action figures, models, posters, and even life-size replicas, has…
Article: A Guide to Admitting a Will to Probate for the Purpose of Validating the Exercise of a Power of Appointment
Steven Platt, Jadene Tamura, and Suzie Vardanyan (Parker, Milliken, Clark, O’Hara & Samuelian) recently published, A Guide to Admitting a Will to Probate for the Purpose of Validating the Exercise of a Power of Appointment, NAEPC Journal of Estate &…
Lou Conter, last survivor of USS Arizona from Pearl Harbor attack, dies at 102
Lou Conter, the last survivor of the USS Arizona battleship that sank during the Pearl Harbor attack, has died at the age of 102. Conter, who passed away in Grass Valley, California, was alongside his daughter and two sons. Conter…
Marilyn Monroe Pink Pucci Dress, Hugh Hefner Smoking Jacket Sell at Auction
A recent auction featured a variety of Marilyn Monroe and Hugh Hefner collectibles. Among the notable items sold was a pink Pucci dress Monroe wore, fetching a record-breaking $325,000. Other items included Hefner’s smoking jacket and slippers, Monroe’s grave marker,…
Announcement of Conference Symposium and Call for Proposals — Inheritance Inequality
The following is posted as a courtesy to Deborah S. Gordon (Associate Dean for Academic Affairs & Professor of Law, Drexel University, Thomas R. Kline School of Law): Announcement of Conference Symposium and Call for Proposals Inheritance Inequality Fifth Biennial…
California, not Florida, is home to the richest retirement towns in the U.S., according to a new report
GoBankingRates.com recently ranked the wealthiest retirement towns in the United States. The study considered cities with at least 25% of residents aged 65 or older, and ranked them by median household income. The richest retirement town is Ranchos Palos Verdes,…
"It Feels Like A No-Win Situation": This 26-Year-Old Woman’s Mother Is Demanding She Refuse A $700,000 Family Inheritance Because She Feels The Money Is "Unethical"
This article features a Reddit thread, revolving around a 26-year-old woman who inherited $700,000 from her late aunt, a professional poker player. However, her mother demands that she relinquish the inheritance., as she considers the money morally tainted. The woman…