Carl R. Pohlad was the financier and owner of the Minnesota Twins franchise from 1984 up till his death in 2009. Pohlad’s estate is currently in the midst of a dispute with the IRS over its estate tax filing.The dispute concerns the amount of Pohlad’s...
We Care
Month: July 2013
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,...
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...
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...
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...
Google launches tool to manage online presence after you die
Google has created many products that are indispensable to Georgia residents. From Gmail to Gchat to the soon-to-be-departed Google Reader, its products and services make day-to-day life in the 21st century easier and more convenient. Now, Google has launched a...
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...
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...