New York Times:  “In death, Michael Jackson has had the comeback he always wanted. . . . Over the last year, the Jackson brand has generated hundreds of millions of dollars, and experts in the management of celebrity estates say that in the long term it might very well equal or eclipse the value of what until now has been the ultimate entertainment estate: that of Elvis Presley, which earned $55 million last year,”

Bargaineering.com:  “the whole business of dying is all together unpleasant and one of the reasons why people avoid thinking and talking about it.  Unfortunately, it’s also one of the biggest financial mistakes you can make for your family. . . . But unless you just don’t care about your family, making a few end of life decisions before it’s the actual end of your life can simplify things for your family.  So today we’ll discuss six documents you need but absolutely hate thinking about.”

New York Times:  “The disappearance of the federal estate tax this year has created confusion and frustration among the wealthy, even among those who stand to benefit from it. And this has sent them in droves to amend documents that they may have to change again next year.

Wall St. Journal:  “There's one group of young people who have little trouble recognizing their need for a will: military personnel.”

Professor Paul L. Caron of the University of Cincinnati College of Law has written an excellent article entitled “Ten Estate Planning Advantages of Limited Liability Companies.”  Here's the abstract:

In the eight years since the Service blessed the Wyoming limited liability company (LLC) statute, there has been an explosion of interest in LLCs, which are now available in 48 states and the District of Columbia (with Hawaii and Vermont the lone holdouts). See Bruce P. Ely, “The LLC Scoreboard,” Tax Notes, Dec. 25, 1995, p. 1661. Although much has been written of the uses of LLCs in tax and business planning, comparatively little commentary has focused on the role of LLCs in estate planning. The LLC treatises generally devote little attention to estate planning issues, and there have only been a few estate planning articles that discuss the advantages of LLCs compared to S corporations, limited partnerships, and trusts. (A listing of these treatises and articles appears at the end of this article.) After a brief introduction, this article discusses 10 estate planning advantages of LLCs compared to the other forms of organization.

Forbes:  “Here's how to protect your vacation retreat from the taxman and intrafamily strains. . . . So the couple is using a ‘qualified personal residence trust‘–a device blessed by Congress and the Internal Revenue Service–to ensure that after they're gone the Connecticut property isn't lost to estate taxes, family squabbles or competing priorities.

Yorkregion.com:  “Benjamin Franklin famously said ‘In this world nothing can be said to be certain, except death and taxes.'  Each may be inevitable, but most of us only prepare to deal with the latter.  Les Kotzer has seen what can happen to families when there isn’t a plan in place.  The Thornhill lawyer often finds himself settling thorny estate issues, providing regular reminders how even the simplest things we can do while we’re alive, can help loved ones when we’re gone.”

Forbes:  “The federal estate tax is coming back . . . . Act now to protect your family's assets.  The federal estate tax lapsed on Jan. 1, 2010. But under current law, it will rise from the ashes on Jan. 1, 2011, and at that point–unless Congress intervenes–only $1 million per estate will be exempt from a stiff 55% tax.”

Mirror:  “Michael Jackson's estate has raked in close to a billion dollars in the year since he died.  The huge sum – from record sales and lucrative deals brokered by the estate – is 47 TIMES what the debt-ridden King Of Pop made the previous year.”

Investopedia:  “Many of us like to think that our children and grandchildren will be responsible enough to handle a large inheritance, if we can afford to give it to them. But the reality is that many children and young adults are not quite ready for the pressures and responsibilities that come with inheriting wealth. There is a way for you to use wealth as a positive motivator, monetarily rewarding younger generations for their achievements – it's known informally as an incentive trust. When used in a careful, sensitive manner, this type of trust can be an effective tool for promoting success within your family and reinforcing the values that matter to you.”

Estate planning attorney Mark Cornwall's article explains what a revocable trust is and why people (married and single) need one to protect their family and loved ones.