On November 4th, 2019, the Court of Appeals, Division I for the State of Washington overturned a trial court’s decision in a dispute over an allegedly ambiguous will. The case—In re Matter of the Estate of Earl M. Holmes—involved a Washington man named Earl Holmes whose will disinherited his relatives. Mr. Holmes Disinherited Relatives—But Failed
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Aretha Franklin, the Queen of Soul, passed away after a long battle with health issues in the summer of 2018. Since that time, there have been major questions raised about what will happen with her estate. Initially, it was reported that she died without a will — which raised serious questions about what will happen
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Recently, the Consumer Financial Protection Bureau (CFPB) released a new report on elder financial abuse in the United States. According to the CFPB, the nation’s largest private financial institutions state that they have received massive amounts of elder financial fraud. They report more than $6 billion in elder financial fraud between 2013 and 2017. Even
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Recently, the Internal Revenue Service (IRS) announced that taxpayers who make significant gifts now will not be hit with surprise tax penalties after 2025. For those affected by this proposed regulation, this is a major announcement. Before the IRS clarified this point, there was considerable confusion over how the 2017 tax reform law. Known as
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Take advantage of the upcoming National Estate Planning Awareness Week to put your affairs in order Doing so now reduces stress. There are many options available. In 2008, Congress passed a resolution designating the third week of every October as National Estate Planning Awareness Week. This period reminds everyone that the estate plans are easy
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Now that a judge has voided a licensing agreement between the deceased signer and Universal Music Group, estate executors are poised to release some “mind-blowing” material, according to Spotify’s Troy Carter. The pop star “practically lived in a recording studio,” he added. So, it was not surprising to find some high-quality unreleased songs. The release
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Many people think that estate planning consists largely of drafting documents and keeping them in safe places. Attorneys do spend the lion’s share of their time on such important matters, because these documents are your only voice once you die. But there’s also a very practical component to the work we do. Hopefully, this post
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Most people spend years building up a family-owned business, largely because they want to have something tangible to pass on to their children. In addition to a solid financial foundation, succession plans must also include a solid legal foundation. Here are some ways to develop just such a plan. Set Clear Goals and Objectives Typically,
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Most people either do not have a will or have outdated wills that do not meet their current needs. Some people have the opposite problem. They may have drawn up wills when they first got married, forgot about them, and then made other wills later in life. This issue often creates protracted and expensive probate
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