Many Pennsylvania residents have worked hard to amass their current level of wealth. The prospect of losing a sizable portion of that wealth to estate tax requirements can be distressing. A number of solutions are to be found for reducing estate tax obligations,...
Your Lawyers For Life
Month: May 2015
Here are some common estate planning mistakes & how to avoid them
Our posts recently have been focused on the estates of deceased celebrities. It is worth noting that when celebrity estate planning makes news headlines, it is never because their estate plans were air-tight and that nothing was disputed. Rather, these are cautionary...
Michael Jackson, Marvin Gaye and managing an artist’s estate
We are talking about Marvin Gaye's estate and the sad condition his finances were in when he passed away more than 25 years ago. Like Michael Jackson, Gaye left enormous debts behind. Unlike Jackson, Gaye left no will.Gaye's situation was bad enough that the court...
Michael Jackson, Marvin Gaye and managing an artist’s estate
When Michael Jackson died in 2009, he was just about broke. His reputation was trashed among allegations of child abuse, and his beloved Neverland estate was in disrepair and deeply in debt. The tour that Jackson was preparing for was going to be his ticket back to...