by Kathy Lane | Jan 13, 2014 | Estate Planning, Settle an Estate
I came across an old article in the New York Times about this topic and thought it worth reviewing. When someone who purchased a life insurance policy dies, the amount due to the beneficiary is set aside and the insurance company waits to be contacted by that...
by Kathy Lane | Nov 3, 2013 | Estate Planning, Wills and Living Trusts
Awhile ago we told you about Huguette Clark, a reclusive multimillionaire who died at the age of 104. She wrote two wills about six weeks apart. In the first one, she left the majority of her $300 million estate to her relatives, many of whom she had not seen in...
by Kathy Lane | Oct 23, 2013 | Estate Planning
The week of October 21st is National Estate Planning Awareness Week. It’s a good time to think about what you want to have happen to your estate when you die. It really all boils down to how you’ve titled your property and who actually owns what....
by Kathy Lane | Oct 12, 2013 | Estate Planning
The IRS recently issued a series of tax revisions that directly impact same sex couples. Some of them are related to the filing of income tax returns and deductions that are now legal. This 60 second tip from Robert Keebler, CPA,may give you some information you may...
by Kathy Lane | Sep 8, 2013 | durable power of attorney, Elder Law, Estate Planning, Wills and Living Trusts
Huguette Clark was an heiress who died in 2011 at age 104. She left behind a $300 million estate. The bulk of the money was inherited from her father, a copper tycoon in Montana. She owned a 23-acre estate near Santa Barbara valued at $100 million, a $24 million...
by Kathy Lane | Aug 29, 2013 | Estate Planning, Retirement Plans
This statistic comes from a presentation given by Ken Dychtwald, PhD, of Age Wave at the American Society on Aging 2013 conference that was held this spring. This statistic is a part of what has caused the longevity revolution. What he meant is that because people...
Recent Comments