Seminars in California locales and elsewhere in the United States occasionally pop up to address centenarians and estate planning.
You've created a life for yourself, over the years you've purchased property, collected personal possessions and hopefully been able to save some money. But what happens to everything you've worked for once you're gone?
A commentator in a news article from earlier this week discussing the convoluted estate of pop legend Prince -- it's probably unobjectionable to anyone to simply call the Purple One's estate a mess -- notes that there are essentially three entities involved in many estate matters. Namely, those are family and close acquaintances, charitable organizations and government tax authorities, respectively.
When it comes to effective estate planning, should the bottom line be predominantly focused on maximizing or minimizing?
A power of attorney is a legal document that authorizes someone to act on your behalf, and it's considered an essential tool of modern estate planning.
Some California readers of our estate planning and litigation blog (with occasional entries addressing offshore-related accounts and taxpayer/IRS interactions) might reasonably conjure up the oft-referenced image of an ostrich with its head buried in the sand when perusing a recent Forbes tax-focused article.
When the legendary California rapper Tupac Shakur met his ultimate fate in a hail of bullets in 1996, his lucrative estate passed into the hands of his mother, Afeni Shakur.