These Celebrities Didn’t have Wills…But You Should
When the rapper Coolio died in September, he joined a group of notables that includes Prince, Howard Hughes and Pablo Picasso—all of whom died without specifying who should inherit their money and estate.
Who Pays Taxes, the Estate or Heirs?
The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate.
What is a Pour-Over Will?
This type of will can ensure that your assets go where you want them to. However, there are many misconceptions about them.
Top Five Mistakes to Avoid When Passing Wealth to the Next Generation
What could go wrong with this transfer of generational wealth? Several things, in fact.
Who Will Inherit Tina Turner’s Fortune?
Tina Turner’s husband is set to inherit nearly half her estimated $250 million fortune.
What are the Consequences of Dying Without a Will?
When you die, a section of law known as estate and probate law governs how your assets are distributed.
Can We Learn from the Presley’s Estate Fight?
Priscilla Presley’s fight to remain trustee of Lisa Marie Presley’s trust can teach anyone a few lessons on proper estate planning.
Is Surviving Spouse Automatically Your Beneficiary?
If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.
What Did Kirstie Alley Do for Estate Planning?
Kirstie Alley enjoyed the fruits of her labor following a successful career in the limelight, leaving behind a $40 million fortune and massive real estate portfolio.
Some Assets Better Left Outside of Will
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
