by Kathy Lane | Feb 5, 2017 | Wills and Living Trusts
Charles Vance Millar, a wealthy Canadian lawyer was known for his practical jokes. But his biggest prank of all was the one he left in his last will and testament. When his will was read after he died on October 31, 1926, it was revealed that he had made several...
by Kathy Lane | Jan 29, 2017 | Trust Assets
When Sophie Walter died in Illinois in 2009, she left behind a sizable estate, some of it in a pet trust for Taffy, her beloved cat. The cat’s money was paid out monthly to Taffy’s caregiver, Karen Norwood (who had also been Sophie’s caregiver at an assisted-living...
by Kathy Lane | Jan 22, 2017 | Estate Planning
Yesterday, Prince’s estate had to file an estate tax payment plan. Since his estate was valued at about $200 million, the taxes are expected to be about half of that – 40% to the federal government and 16% to the state of Minnesota. Allowable deductions and...
by Kathy Lane | Jan 15, 2017 | Wills and Living Trusts
It’s never too soon to write a will. Reginald “Jake” Gutierrez, a Washington state police officer, was fatally shot while responding to a domestic violence call in early December. He had been with the Tacoma police department since 1999 and was highly respected and...
by Kathy Lane | Jan 8, 2017 | Wills and Living Trusts
It’s only been in the last 30 years that China has allowed people to accumulate wealth. Prior to that, it really didn’t matter. There was no private property to pass along to a descendant so a will was not needed. Now, some of the first generation to benefit from...
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