Tag Archives: estate tax

Trial & Heirs’ Top Tips for 2011 via Forbes

Now into the second month of 2011, it’s not too late to make a fresh start with the important topic of estate planning, which so many people find ways to keep putting off. We think it’s helpful to see what happened last year with some celebrity estates to help add motivation for proper legal planning in 2011. Forbes_home_logo

What happened in 2010? Dennis Hopper and Gary Coleman both passed away, sparking ugly court fights. The estates of Michael Jackson and Steve McNair dragged on with no end in sight, and Anna Nicole Smith’s efforts to claim a share of her 90-year old deceased husband’s billion dollar estate continued into its fifteenth year in court! In addition, the estates of Farah Fawcett, Gary Coleman, Brittany Murphy, and George Steinbrenner provided valuable lessons on how to (and how not to) protect families through estate planning.

Here’s how to make the most of changes in the law this year.

Familiarize Yourself with 2011 Estate Tax Laws. George Steinbrenner timed his death well by passing Read more...

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LA Times article about estate planning

The business section of Sunday’s Los Angeles Times featured an article called “Time to prepare your will”.  Discussing the importance of estate planning, the article included quotes from both of us.  Here’s a few selections from the article:

If you’re rich, the best estate planning advice would be to die quickly. If you’re not, the best advice is to either review or rewrite your estate planning documents to make sure your heirs aren’t left high and dry if you die.


FOR THE RECORD: The Personal Finance column about estate planning in Sunday’s Business section misidentified the book “Trial & Heirs: Famous Fortune Fights!” by Andrew W. Mayoras and Danielle B. Mayoras as “Trial & Errors: Famous Fortune Fights.” 


That’s because estate taxes that could allow Uncle Sam to nab up to 45% of your bequeathed assets are currently — and very temporarily — kaput. 

A decade-long phase-out of the estate tax eliminated the tax completely as of January. The catch: If nothing’s done, estate taxes will boomerang back to historic

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