August 2013 Archives

Trial set to begin for heiress Huguette Clark's disputed estate

One of the benefits of thorough estate planning is that it can help people deal with their grief after losing a loved one. Death is never a pleasant experience, but seeing that an estate is executed according to a person's final wishes without a hitch can help the healing process move forward. The individuals responsible for overseeing the administration -- executors, trustees or fiduciaries -- play a role in making sure that a will executed properly.

Defense of Marriage Act Changes

Major changes have occurred at the state and federal levels that radically affect the estate planning for same-sex couples. Here is a summary of what happened and some of the practical implications are:

Changes to Minnesota estate planning laws ushered in

One of the most complicated aspects of creating an estate plan is how to accommodate tax laws. If a will isn't carefully planned, a person's heirs could find themselves on the hook for an estate tax bill that is larger than anticipated. This can be especially tricky when accommodating both federal and state taxes.

Trusts can help ease family disputes during estate administration

Everyone knows that family matters can be complicated. Even though relatives may truly love one another, long-standing disputes can put a strain on relationships. Unfortunately, this reality can come into play after the death of a loved one if proper steps aren't taken.

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