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Some Guys Have All the Luck: Greenwich Wealth Managers Win $254 Million Powerball Lottery
I saw this story this morning that made me shake my head in wonder, and in a little bit of jealousy. Apparently, three money managers from Greenwich, Connecticut won $254 million in the Powerball lottery. If you don’t know, Greenwich is a New York City …
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Back to Basics: The Four Estate Planning Documents that Everyone Needs
Sometimes, posts on law blaws can get a little bit esoteric. Every now and then I think it’s useful to go back to the beginning, and set forth the documents that comprise a basic estate plan. Every single adult should have these in place, regardless …
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An In Depth Review of Michael Jackson’s Trust – Part 1
I don’t want people to think that I’m obsessed with Michael Jackson. I’m not. However, I am very interested in proper estate planning, and I think that others should be too. The Michael Jackson case is useful because it can show "ordinary" people what to …
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From the ABA Journal: Stepkids Sue Lawyer’s Widow Over Alleged $1.4M Trust Investment with Bernard Madoff
One of the most important decisions you can make in preparing your estate planning is who will be the fiduciaries. This includes the personal representative(s) (also known in some places as the executor) of your estate, and the trustee(s) of your trusts. Today, I want …
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A “Holographic” Will is ALWAYS invalid in Florida, unless it is properly executed
One thing that makes our country both great and frustrating is that for certain types of law, there are often different, incompatible, conflicting laws that vary by state. On occasion, various committees are formed to draft “Uniform” Codes, but it is still up to the …
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States Struggle to Deal with Congress’s Shameful Estate Tax Mess
The Year Without an Estate Tax continues. As I have previously written, due to Congress’s extreme irresponsibility and inability to get anything done at all, the Estate and Generation Skipping taxes are repealed in 2010, but for one year and one year only. Last …
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Steve McNair died without a Will. The consequences could be disastrous.
In contrast to my recent postings about Michael Jackson who appears to have engaged in professional estate planning before his death, there are reports that former NFL quarterback Steve McNair died intestate, or without a will. His wife (the wife he was cheating on with the …
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