July 2013 Archives

Gandolfini's estate tax "disaster" shows importance of planning

Fans of "The Sopranos" will remember the actor for his role as a crime boss trying to work family life into his career in the Mafia. Estate planners, however, will remember as well the missed opportunities for better tax planning of Mr. Gandolfini's estate. Indeed, the planning on Gandolfini's estate was so poor that it has been called a tax "disaster."

Health care directives not always honored

Advance directives, for those who’ve done research on the topic, are instruments that provide tools for folks to handle their medical care in the event they lose the ability to make such decisions. In Georgia, state law provides the opportunity for people to select a health care agent to make decisions on their behalf, as well as to express their wishes regarding specific treatments or courses of care.

Revocable living trusts help avoid probate, maintain privacy

Many of our readers have heard about the benefits of trust agreements in the context of estate planning. Undoubtedly, trusts are valuable tools when it comes to finding creative ways to pass on wealth, protect loves ones, and accomplish financial goals. One particularly useful form of trust agreement is a revocable living trust.

Huguette Clark will dispute a reminder of importance of capacity, professionalism

In our previous post, we spoke about disturbing new details that have emerged in the ongoing dispute over the estate of the late copper heiress Huguette Clark. At issue in the case are two separate wills and the question of whether there may have been undue influence upon the elderly woman when she decided to disinherit her relatives and increase a bequest to her caretaker.

Huguette Clark will dispute a reminder of importance of capacity, professionalism

Disturbing details have just been revealed in the ongoing litigation over the $300 million estate of the late copper heiress Huguette Clark. As our readers know, the litigation involves two separate wills, one in which Clark left most of her wealth to 21 distant relatives she did not know and a second--signed a month later--increasing a bequest to Clark's caretaker, setting up a foundation for her art and doll collection, and disinheriting her relatives.

Some things to keep in mind when estate planning

Estate planning doesn’t need to be complex to be effective, but it does involve a number of steps and an ongoing commitment to ensuring the plan remains effective. Let’s take a look at some of the basic steps in the process.  The first step in the process, of course, is to find a qualified estate planning attorney with whom you can relate. On this blog, we emphasize working with a flesh-and-blood attorney over the do-it-yourself approach, which can result in a less than effective estate plan.  

Mr. Teiger, Thank you very much for your time and results. I will definitely recommend you & your firm to anyone who wants to be treated professionally courteously and needs results.Hope all is well.Again...thank you. Regards, Paul L.

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