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May 2015 Archives

Why generation-skipping trusts work for many

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, including trusts that can also preserve wealth from seizure during divorce or other legal actions.

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 tales about why it is important to have up-to-date, clearly written estate plans in place.

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 solvency.

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Larmore Scarlett LLP

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