As we discussed last time, when a well known celebrity dies, after asking “How?”, we ask, “How much did they leave and to whom?” Rumors are that Whitney Houston left a multimillion dollar estate to her only child, an 18 year old daughter. This is an estate that should continue to grow with the sale... [Read More]
Category: Estate Taxes
Whitney Houston’s Estate Plan Upon Her Unexpected Death
After the sudden death of 48 year old Whitney Houston, some of the first questions asked are: How did she die? What about her family? Some questions that come to mind right after that are: What estate did she leave behind and to whom did she leave it? Then, the informed reader asks: Will her... [Read More]
Client and Family Workshop Well Received
“You were in great form” is always a good thing to hear from a client after a presentation to them and their family. Families are home for Thanksgiving, so that is why my clients in my Formal Update Program, The LifePlan System™, are encouraged to attend my worship with their loved ones. We met Saturday... [Read More]
Professionals Class Well Received
Eighty-six percent (86%) of attendees of my workshop last Tuesday gave it the highest “very useful” rating, with 14% giving it the next highest “will be useful” rating. The Financial and Insurance Professionals said they enjoyed hearing about how Trusts work, IRA planning, Personal Protection if you own rental property, the different uses of Life... [Read More]
Al Davis Had Thorough Estate Planning
Al Davis, majority owner of the Oakland Raiders of the National Football League, died this past weekend. He reportedly did thorough Estate Planning with a skilled Estate Planning Attorney. This may allow the Raiders to remain with his widow and son even after his widow passes. The St. Louis Rams, Miami Dolphins, and Washington Redskins... [Read More]
Congress and President Fiddle While Rome Burns
We expect negative markets from the President and Congress’s inaction, but what about taxes? It remains tough to plan with taxes in limbo. What about Estate Taxes? At the end of 2012, the Estate Tax rate will return to 55% and the exemption goes down to $1 million. Therefore, you will be highly taxed on... [Read More]