Here’s How to Maintain Peace Among Your Heirs
The New York Times: “For parents, deciding how to divvy up their assets can be an incredibly onerous task. This is especially true for those with substantial wealth and multiple children or beneficiaries to consider. A common mistake parents make when undertaking estate planning is focusing too much on legal issues while ignoring family dynamics.”
The Secret to a Longer Life? Don’t Ask These Death Longevity Researchers
The New York Times: “Geologist Anatoli Brouchkov harvested bacteria several years ago that had managed to survive in the Artic permafrost over eons. These bacteria, when injected into female mice, seemingly worked to extend their youth. Dr. Brouchkov, in a fit of scientific ardor, decided to ingest some of the bacteria.”
The Marital Wealth Gap
SSRN: “Married couples are wealthier than people in all other family structures. The top 10% of wealth holders are, in great proportion, married. Even among the wealthiest households, married couples hold significantly more wealth than others.”
‘Frasier’ Star John Mahoney Leaves Behind $5 Million Estate
TMZ: “John Mahoney, the beloved dad on “Frasier,” left behind millions of dollars … and TMZ's learned there's a long list of potential benefactors.”
Charles Manson Had Open Casket Funeral Then Burnt to a Crisp
TMZ: “Charles Manson had his final hurrah Saturday during a memorial service that ended in fire. Manson's body was front and center at a service held in Porterville, CA. We're told the body was decomposing badly, and needed heavy makeup and gloves to cover the deterioration. He died 4 months ago but his body was put on ice until a judge decided who would take control of it.”
Nas and Kelis to Share Joint Custody of Child
TMZ: Nas and Kelis are at war over issues involving their 8-year-old son, but they have actually come together and reached a settlement on the issue of custody. We've learned Nas and Kelis have agreed to share joint legal and physical custody of Knight.
Rapper Logic Splits With Wife…Divorce Looms
TMZ: “Logic and his wife, social media star and singer Jessica Andrea, have split after two years of marriage … TMZ has learned. The couple married in October of 2015 when the rapper was just 25 years old. It's unclear exactly when the two called it quits, but they hit the red carpet together in January at the Grammys.”
Harper Lee’s Will Unsealed
Holland & Hart: “As The New York Times recently reported, the will of Harper Lee, author of To Kill a Mockingbird, was recently unsealed in connection with a lawsuit seeking access to the document. Ms. Lee died a resident of Monroeville, Alabama, and, as in Colorado, wills in Alabama are typically considered to be public documents.”
Worst States If You’re Caring For An Aging Parent
Financial Advisor: “Some states make it harder for those caring for an aging parent, according to a new survey. Caring.com conducted a national survey to determine which states offer the best overall cost of living, and accessibility to senior support programs and resources for caregivers. While some states were praised for providing an affordable and helpful environment for caregivers, other states inevitable ended up at the bottom of the list.”
Woman accused of killing brother over huge Colorado ranch worth millions
Fox News: “A Colorado woman has been accused of killing her brother to get her greedy hands on a family ranch that’s worth millions of dollars, authorities say. Stephanie Jackson, 33, was arrested on a murder charge Wednesday in the death of Jacob Henry Millison, who disappeared in 2015 when he was 29. The motive for murder: the family’s 700-acre ranch property in Gunnison County, according to Gunnison County Undersheriff Mark Mykol.”
Doctors Notes for Will Signings: Should You Get One?
JDSUPRA: “I recommend that before an ill or very elderly person signs a will (or trust), that the estate planning attorney obtain a note from a doctor as to the person’s mental capacity. Doing so will help create a record that will make it more challenging to contest the will (or trust) on the basis that the person lacked testamentary capacity (i.e., the requisite mental capacity in order to execute a will or trust).”
What does the IRS’ Michael Jackson dispute mean for celebrity estate planning?
Lexology: “When Michael Jackson died in 2009, he left behind a convoluted legacy that has presented issues for fans and tax collectors alike, and the legal repercussions are ongoing. At the time of his death, Jackson’s reputation had suffered from allegations of child abuse, drug use and erratic behavior. The circumstances of his death, however, heightened fans’ sympathy for the tragic “King of Pop.” Because of this, Jackson’s estate is embroiled in a legal dispute with the IRS over the value of Jackson’s name and likeness.“
The Death of a Doctor’s Dog
The New York Times: “Dr. Barron H. Lerner watched as his family’s pet boxer, Akeela, suffered from an increasingly devastating brain tumor. As the cancer progressed, she often walked in circles and was consistently restless and had trouble sleeping. Dr. Lerner and his family, emotionally taxed watching Akeela suffer, took their veterinarians advice and chose to end her suffering via in-home euthanasia. As a practicing physician, the ability to choose to end Akeela’s suffering brought up thoughts of his oath not to “administer a poison to anybody when asked to do so nor … suggest such a course.”
Soldiers with Fortunes?: Rethinking the Tax Treatment of Fallen Combatants
SSRN: “Section 2201 of the Internal Revenue Code provides a partial estate tax exemption for members of the armed forces who die in, or as a result of, combat operations. In this Article, I explore the origins of this exemption and assess the extent to which it serves three important policy goals: (1) reducing financial and administrative burdens on military families, (2) incentivizing military service, and (3) avoiding the moral hazard of the government being able to “profit” (through increased tax revenues) as a result of combat deaths.”