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Final (?) Update on Lottery Winners – I was right the first time
On November 29, I wrote a blog post about 3 Connecticut wealth managers winning $254 million in the Powerball lottery. At the time, I found it curious that all three of them were accepting the prize through a trust, known as the Putnam Avenue Family …
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Update: Connecticut Lottery Winners Give $1 Million to Veterans’ Organizations
I have previously written about the already rich Connecticut money managers who won $254 Million in the Powerball Lottery, and joined in the speculation as to whether or not there was a hidden fourth winner. I’m still not entirely sure as to why they chose …
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Update on the Lottery Winning Money Managers – Are They Hiding the Real Winner?
In my last post, I wrote about some very already rich bankers who won $254 Million in the Powerball Lottery. I expressed my confusion though, as to why three unrelated people were accepting their winnings in a single trust, instead of having the lottery split it …
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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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IRS Releases Publication 950: Introduction to Estate and Gift Taxes
The Internal Revenue Service released Publication 950: Introduction to Estate and Gift Taxes, which is fairly self-descriptive. It explains the basic estate and gift tax system, and provides the numbers of the annual exclusion, and estate and gift tax exemption for 2012. The annual exclusion …
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Why did Joe Paterno transfer his house to his wife for a $1?
According to the New York Times, “Joe Paterno transferred full ownership of his house to his wife, Sue, for $1 in July, less than four months before a sexual abuse scandal engulfed his Penn State football program and the university.“ Why would he do that? …
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Florida Intestacy Law Changing On October 1, 2011 – Or, “Hey look, I drew a picture!”
Estate planning attorneys love to beat you over the head with the fact that you need a will. It’s one of our favorite pastimes, after late night readings of the latest generation skipping transfer tax regulations. But what happens if you die without a will? …
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I Did a Webinar on Estate Planning for Digital Assets and Online Accounts
Today (July 27, 2011), I was part of a panel that presented an online webinar, “Estate Planning for Digital Assets and Online Financial Accounts.” The materials can be downloaded for free from here.
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Probate, the Rapture, and You
So May 21, 2011 came and went, and despite the prediction of Harold Camping, we’re still here. The Rapture will take place another day. For those who don’t know, the Rapture is a belief among some, that all worthy Christians will suddenly disappear from earth and instantly join …
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Standing With My Fellow Legal Bloggers Against an Attempt to Chill Speech
My blog is usually about estate planning, probate, asset protection, taxes, and related matters. Usually, but not always. Today I’m going to venture a bit into free speech, defamation, criminal law, and ethics. I’ve written about Legal Marketing and Ethics Before Last fall I wrote …
