Estate planning, gift tax rules, and everything that happens when wealth passes from one generation (or person) to the next.
The executors of Helmsley’s estate have submitted a bill for services rendered totalling $100 million. The Office of the Attorney General of New York has stepped in to challenge the bill, claiming that more of the estate of the former “Queen of Mean” should go to charity.
Australian-born Bindi Irwin has danced her way into the hearts of American television audiences with her star turn on season 21 of ABC’s “Dancing With The Stars” (DWTS). Tonight, she’ll dance with pro Derek Hough alongside just five other couples (Alek Skarlatos & Lindsay Arnold; Alexa PenaVega & Mark Ballas; Carlos PenaVega & Witney Carson;…
Remember all those times your grandmother begged you to come visit? Apparently, some grandchildren in Austria didn’t visit… Whatever the reason, an Austrian grandmother went to great lengths to keep her family from getting her money, going so far as shredding €950,000 ($1,020,490 U.S.) just before she died. Not content to stop there, she also cut…
He was known as the “King of Ming” but Maureen Donohue-Peters knew Robert H. Ellsworth simply as a good customer. The 85 year old Ellsworth, a world renown dealer in Asian art, died last August after a fall. Prior to his death, Ellsworth frequented Donohue’s steakhouse on Manhattan’s Upper East Side nearly every day for…
Last week, the House of Representatives voted to kill the federal estate tax with a vote of 240-179 in favor of H.R. 1105. This week, the bill headed to the Senate where it faces an uncertain future. What is certain is that the federal estate tax is unpopular. It’s consistently ranked at the top of…
Chances are that, prior to this month, you had never heard of Memories Pizza. The pizza parlor, located in the small town of Walkerton, Indiana, about 20 miles southwest of the University of Notre Dame, made national news when its owner, Crystal O’Connor declared during a television interview that the pizza parlor would not cater…
New England Patriots’ cornerback Malcolm Butler might have snagged that Russell Wilson interception that lead to the Patriots’ win at Super Bowl XLIX but quarterback Tom Brady might have made the biggest catch of all: a tax break. Brady was named MVP of Super Bowl XLIX by a media panel and fan vote on nfl.com/MVP, earning…
Nina Pham, the nurse who contracted Ebola while taking care of Thomas Eric Duncan, has been declared free of the virus. The fundraising campaign for her has now wrapped and donors are encouraged to put their dollars towards Ebola charities. Exercise care, though: Ebola related scams are on the rise.
It’s time for guest posts! Today, Jean Gordon Carter, a partner with the law firm Hunton & Williams LLP, comments on repeal of the federal estate tax.
It’s time for guest posts! Today, Bob Rywick, Editor and Author with the Tax & Accounting business of Thomson Reuters, sheds some light on the reasons for and against the federal estate tax.