by
Bloomberg News
The son and heir of New York philanthropist Brooke Astor who went to prison at age 89 for his handling of her estate has died.
by
Bloomberg News
More than 1,500 objects belonging to late socialite Rachel “Bunny” Lambert Mellon have been auctioned off, including a blue diamond that sold for $32.6 million.
by
Michael S. Fischer
Art collectors and investors won a victory when an appeals court increased the discount for a decedent’s fractional art interests and ordered a $14 million estate tax refund.
by Judith L. Poller
Certain estate-planning strategies can make the road to divorce
less stressful for everyone involved.
by Coventry Edwards-Pitt
As financial advisors, we are often asked how old a child should be before he gains access to inherited money or receives significant financial gifts.
by
Bloomberg News
Texas businessman Charles Wyly’s widow, who last month told a bankruptcy judge she was left insolvent after the investor’s death in a car crash, said assets including two homes and $4 million...
by
Bloomberg News
Wilmington Trust Co., a unit of M&T Bank Corp., agreed to pay $18.5 million to settle U.S. regulatory claims that the bank failed to report construction loans that weren’t being repaid.
by
Bloomberg News
Andrew Madoff, the son of convicted Ponzi schemer Bernard Madoff, left more than $15 million in property to his children, wife and fiancee in his will following his death from lymphoma this month.
by
Bloomberg News
An engineer’s ex-wife won a ruling from Hong Kong’s highest court giving her the right to half of the trust fund that holds his business.
by Andrew Keyt and Jennifer Muntz
For family businesses to survive across generations, they need to view the family
as one of their greatest assets.
by Judith Saxe
Trusts can sometimes accumulate and gather dust like family heirlooms,
leaving advisors with the task of keeping them up to date.
by Karen DeMasters
One of the greatest challenges faced by advisors is to preserve
family wealth for multiple generations.
by
Linda S. Beerman
The range of uses for family limited liability companies and partnerships has expanded in recent years.
by
Bloomberg News
Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.
by
Bloomberg News
The heirs of a Jewish family that owned Schocken AG, a German department-store chain seized by the Nazis, were awarded an extra 50 million euros ($68 million) in compensation by a Berlin court.
by Joseph R. Perone
A legal battle involving the late Michael Jackson’s assets typifies
the way celebrity estates are often handled.
by Daniel D. Mielnicki and Joshua N. Goldglantz
Trust protectors add an extra layer of oversight to a trust
structure that has historically relegated powers to one trustee.
by
Michael S. Fischer
Tangible assets need to be handled by advisors carefully in terms of how they’re valued, checked for authenticity, insured and incorporated into estate and tax planning.
by Steve Parrish
U.S. farmers are immersed in new wealth, but they are underserved
by estate planners and wealth managers.
by Caren Chesler
Even when their intentions are pure, parents who leave their children
unequal inheritances risk family discord.
