Actor, songwriter and talk show host Alan Thicke died in December of last year, likely thinking prior to his passing that he had duly engaged in estate planning in a reflective and sound manner.
At the well-established Bay Area estate planning and administration Law Offices of Connie Yi, PC, we certainly understand the warm glow that some individuals can feel when being named as trustee of a trust.
There are unquestionably legions of hard-core proponents who readily extol the virtues of FATCA and want to see its legislative fiat persevere in the future.
Have you ever wondered what an estate representative's job would be if there were a potential for the estate to make additional income after the decedent's death? While an estate representative or executor isn't expected to be a financial wizard, he or she does need to take reasonable steps to maintain and, ideally, increase the value of the estate.
With the 50th anniversary of famed rock guitarist Jimi Hendrix's death fast approaching, it would seem reasonable to assume that any legal uncertainty and attendant acrimony involving his estate would be eclipsed and fading fast in the rear-view mirror of time.
Is there a malcontent in your family, say, a brother or sister who constantly complains of some perceived inequity in how he or she is treated vis a vis all the other siblings?
"In the ballpark" was the comment uttered by a now-deceased business tycoon some years back in response to an estimate of his net worth pegged at about $500 million.
Some things in life remain constant.
Seminars in California locales and elsewhere in the United States occasionally pop up to address centenarians and 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.