No matter how much Florida residents admired Prince, the IRS likely admires him even more. This is because his estate will pay a federal estate tax of 40 percent on an estate worth $200 million. That is on top of a 16 percent Minnesota estate tax, and the combined tax...
Florida residents who are preparing their estate plans may want to include contingencies in the event a designated beneficiary dies before they do. Doing so can help make certain that the assets will pass to the intended heirs.In a trust or will, people can give...
When it comes to the children of wealthy families, the traditional line of thinking has always been that they have it easy, meaning they won't ever have worry about finding work, spending money or paying off debt.While this is, of course, true in many circumstances,...
The course of the last year has seen the deaths of many world-renowned entertainers, including radio celebrity Casey Kasem and blues legend B.B. King. What made the demise of these two icons so noteworthy -- at least from an estate planning perspective -- was that...
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