Estate Law

Rules for Estate Planning

Let’s look at some Rules for Estate Planning. If Estate Planning 101 were a high school or college course, the first day of class would address three questions: (1) What is Estate Planning; (2) Why do we Plan our Estates; and (3) How do we Plan? The answers to these fundamental questions are simple: Rules […]

Special Needs Trust – The Keystone of Disability Planning

Who is Eligible for a Special Needs Trust? Commonly, a Special Needs Trust is a trust established by parents or loved-ones who have children who are covered under a disability and are receiving state or federal government benefits. The trust is specifically tailored to permit the parents to furnish some economic benefits to their children […]

Michael Jackson’s Estate | A Lesson in Valuing an Estate

The executors of Michael Jackson’s estate are involved in a high-stakes estate tax case against the Internal Revenue Service in the United States Tax Court. In attempting to value the estate, each side is roughly one billion dollars away from the other’s valuation. The implications for this estate tax case may only impact celebrities and […]