By Russell J. Fishkind
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Surrogate courtroom dockets are packed with circumstances regarding relations scuffling with over the resources and intentions of a deceased mum or dad or wife. Probate Wars of the wealthy & recognized: An Insider’s advisor to property making plans and Probate Litigation tracks the property litigation situations of Anna Nicole Smith, Brooke Astor, Michael Jackson, Nina Wang, Jerry Garcia and Leona Helmsley and identifies the 5 common elements that prompted such disputes. each one bankruptcy offers property making plans insights designed to assist contributors plan their estates with out inflicting litigation. If, even though, probate litigation can't be kept away from, the publication additionally presents worthy classes approximately undue effect claims, the way to eliminate a fiduciary, tough an property accounting and claims looking to put aside lifetime transfers that undermined the decedents intentions. Few - if any – property making plans books utilize...
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Additional resources for AARP Probate Wars of the Rich and Famous. An Insider's Guide to Estate and Probate Litigation
These perceptions, right or wrong, are the reality on which affidavits are filed and relationships extinguished. Those seeking eternal peace must clearly express and document their intentions to ensure that the fruits of their labor pass to those deserving, to those needing, to those respectful, and to those loving, at the correct time and in the manner that will best forward the lives of their loved ones and preserve their legacy. If, however, you become subject to the acts of the antagonist and the matchstick has struck the flint, then understanding the nuances of undue influence, fraud, breach of fiduciary responsibility, and lack of capacity may become the requisite tools for this firefight.
Oh you remember The Beverly Hillbillies, and the story of a man named Jed, the poor mountaineer who could barely keep his family fed, until one sunny day while shooting out some food, up through the ground came some bubblin’ crude. Oil that is, black gold, Texas tea. Marshall didn’t stumble on his fortune, but sure enough, his well was filled by the same Texas tea. With his impressive academic background and experience in our nation’s capital as well as the boardroom, his pump was primed and he was well positioned to co-found The Great Northern Oil Company with Fred C.
The estate tax implications of leaving money to a spouse or children. The terms of a prenuptial agreement. The length of the marriage and whether children were born to the marriage. The relationship between the parent and the children from a prior marriage. The need to hold the assets in a spousal trust or distribute outright to spouse and the need to hold assets in a discretionary trust or age-terminating trust for children or distribute outright. The titling of assets to make sure they are consistent with the terms of the will.