MISSING FLORIDA MOGUL’S MILLIONS UP FOR GRABS

The sudden and dramatic disappearance of a Fort Lauderdale, Florida, millionaire has drawn attention to the future of his estate, according to local legal experts. The man, who disappeared on June 19 from his fishing boat, is accused of committing suicide or faking his own death, which may jeopardize the estate administration proceedings associated with his holdings. It appears that the family may be in for a lengthy Read More

MILLIONAIRE’S WILL IN LIMBO AFTER DEATH

The $4.2 million estate of a man and his mother is in limbo now that the man's wife has been convicted of murdering the two. The convicted murderer went through a nine-week trial before being convicted, and now the family is battling over control of the will, which exemplifies how difficult probate law can be. Now, the civil work begins with family members far and wide seeking their share as part of the Read More

ESTATE TIPS FOR TERMINALLY ILL FLORIDA RESIDENTS

Individuals in Florida suffering from terminal illnesses need to think about what is going to be done with their money and assets once they pass on. It is an inconvenient fact that money suddenly becomes critically important at the end of life, and our hesitance to discuss finances with a dying relative often causes emotional hardships and poor estate administration. Financial clarity and peace of mind should be Read More

DONATING YOUR ESTATE TO CHARITY

We generally think of wills as documents that divide inheritances up for children and other family members, but what if you do not want to give your money to your family? What if you decide to bequeath your assets to a charitable cause? A few estate administration tips can help facilitate this process for Florida residents. First, people who want to give their life earnings to charity need to ensure that they have Read More

CHALLENGES WITH SETTING UP FIRST WILL

People who are crafting their first will at a relatively advanced age sometimes struggle with the specific provisions that are commonly included in such estate administration documents. They worry that their children will not receive their full inheritance if the younger generations get divorced. They also fret over whether their children will turn out to be good people; should the child still receive the inheritance Read More

HEIRESS BESTS WILL EXECUTOR IN TYCOON’S ESTATE CASE

A contentious and long-debated estate litigation case related to businessman Wilson Lucom's will has finally been settled, according to federal documents. The man had left most of his $50 million fortune to a charitable foundation designed to assist poor Panamanian children. The executor of the estate had filed claims against the man's widow in relation to the estate distribution decision. Even though he had Read More

SUPREME COURT: NO BENEFITS FOR KIDS CONCEIVED AFTER DAD’S DEATH

As newer ways of conceiving children have been developed, many family and probate laws have had to change. Babies are born from surrogates, donors and in vitro fertilization, which can easily complicate probate and family law issues. One woman found out that her estate administration plans were not in order when she attempted to retrieve Social Security benefits for her children, who were born 18 months after their Read More

ADMINISTERING AN ART TRUST

Man Ray was an influential artist during the Jazz Age. But how did almost the entirety of his art collection end up in the hands of a car repair shop owner? The story is almost as surreal as the man's art itself, and it involves a series of trust administration decisions that will likely provide a financial boon for a humble family. The original art trust was formed by the artist's wife. Since she passed away, Read More

SMALL-BUSINESS OWNERS: MAKE A BUSINESS TRANSITION PLAN

You've spent your whole life working to build your small business to your liking. You have invested money, time and effort into the venture, working tirelessly to ensure that it succeeds. But do you know what would happen to your business if you suddenly died? That's an important consideration for all small-business owners to ponder. Estate planning experts say that many small-business owners just assume that Read More

ANNA NICOLE’S ESTATE OWES $300K IN BACK TAXES

The estate of the deceased "Playboy" playmate Anna Nicole Smith is facing serious tax trouble, after the Internal Revenue Service declared this week that it won't wait any longer for overdue payments. Poor estate administration in the years after the model's death may be to blame for the mix-up. The IRS claims that Smith's estate owes more than $300,000 in back taxes that have been pending for nearly 10 years. The Read More