What Should I Do with My Inheritance?: Dos and Don’ts for the Recent Heir Were you recently notified that you will be receiving an inheritance? If so, an inheritance can come hand-in-hand with conflicting emotions. An inheritance follows the death of a loved one, and especially in the event of a …
Heir
IRS Announces Higher Estate And Gift Tax Limits For 2021
IRS Announces Higher Estate And Gift Tax Limits For 2021 - The Internal Revenue Service announced today the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, up from $11.58 million in 2020. That means an individual could leave …
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Eight Lessons From Celebrity Estates
by Matthew Erskine, Contributor at Forbes & Trusts and Estates Attorney Eight Lessons From Celebrity Estates: The saying goes that anyone who does not learn from mistakes in the past is doomed to repeat them. In estate planning, if you do not learn from other’s mistakes, you are likely …
Article on Heir Hunting
David Horton and Reid K. Weisbord recently published an Article entitled, Heir Hunting, University of Pennsylvania Law Review, Vol. 169 (2021 Forthcoming). Provided below is the abstract to the Article: For more than 150 years, companies called “heir hunters” have operated in the shadows of …
How to Leave Your Worldly Goods to an Heir
Have you decided that it's time to consider estate planning and contemplate when and how to distribute your assets to an heir? Realistically, you imagine that this process will entail a series of trade-offs to prevent emotion-laden family problems. How much would you like to give to charity and …
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