September 2013 Archives

Clark estate dispute may end with settlement

We wrote last week about the estate planning dispute involving the estate of copper heiress Huguette Clark, involving the issue of whether Clark had capacity when she executed her second will. As our readers will remember, the second will drastically changed how Clark disposed of her assets, and named some sketchy beneficiaries, including her attorney, her caretakers, and the institution where she lived out her last years.

Young adults encouraged to put estate plan in place

Estate planning attorneys and financial planners, it seems, are always encouraging people to get an estate plan in place and to regularly update it. Most of us know this is good advice, and that the sooner we get around to it, the more peace of mind we’ll have. But when do we do it? When is a good time to actually buckle down and get a plan in place?

Capacity at the heart of Huguette Clark will dispute

We have previously written on this blog about the late New York copper heiress Huguette Clark, the daughter of politician and entrepreneur William A. Clark.  Huguette Clark died in 2011, nearly 105 years old, with roughly $300 million to her name, no direct heirs, and numerous individuals who wanted a piece of the pie.

Keep your beneficiary designations updated

In estate planning, there are a number of common mistakes that people fall into. One of these is failing to monitor beneficiary designations. These are important, as they determine where funds from bank brokerage accounts, life insurance policies, retirement packages, and company benefit plans go. When your beneficiary designation forms are not up to date, you risks having those funds go where they are not intended to go.

Everyone can benefit from estate planning in Alpharetta

A lot of estate planning conversations center around how to best avoid state or federal estate taxes, but not all of Alpharetta residents are going to hit the $5.25 million exemption -- or whatever lawmakers decide that amount may be at the time of death. Can estate planning benefit those with estates that don’t add up to multiple millions?

Federal estate tax exemption shifts planning focus for attorneys

Those who have been following developments in the estate planning world know that January was a big month for attorneys and other estate planning experts. The federal estate tax exemption amount, which had previously been temporarily set at $5 million, was made permanent. With adjustment for inflation, the exemption amount is currently at $5.25 million. And that is permanent.

Fights of late actor's money continue

Our Georgia readers may remember us writing some time ago about the unfortunate case of Sherman Hemsley, the actor who played George Jefferson in the Sitcoms All in the Family and The Jeffersons.  Hemsley died of lung cancer last July, but because of a drawn-out estate dispute, he wasn't buried until November.

What to put in a basic estate plan?

Putting together the correct documents is an essential part of estate planning. Every estate plan will be different, as everybody will bring different needs to the table. Even between couples, the needs are not always the same. Still, there are some basic things that one can call “core” documents.

Georgia court ruling shows benefits of special needs trusts

When parents know their children are in need, they will likely want to do something to help. Even when kids are adults, their parents just want make sure they are happy and healthy. If a child has special needs, the desire to provide support -- in all forms -- is likely heightened.

Incapacity planning ties into estate planning

Planning for incapacity is something we all should do at some point.  Doing so ensures that when you are no longer able to make decisions for yourself, there are structures and instructions in place so that legal, financial, and personal matters are handled dealt with properly.  

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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