Governed by Chapter 29 of the Texas Property Code, the forced sale remedy allows the co-owner of an inherited property to force the sale of another owner’s interest in the property if that party fails to meet its ad valorem tax obligations. This sale acts as reimbursement for the taxes paid … Continue reading
A short blurb in The Guardian muses about the possibility (and practicality) of sending a posthumous email as a way to notify friends and relatives of one’s death. While an unusual idea, the suggestion perhaps would be useful for more distant relatives and acquaintances. What do you think about this suggestion?
The following are summaries of the presentations from the 49th Annual Heckerling Institute on Estate Planning. For the official brochure and list of events, see http://www.law.miami.edu/heckerling/pdf/2014/heckerling-brochure.pdf. For the full Heckerling reports, see http://www.americanbar.org/groups/real_property_trust_estate/events_cle/heckerling_reports.html.
Diana Zeydel on the New Portability Regime
The presentation began with Zeydel assuring attendees that despite … Continue reading
The following are summaries of the presentations from the 49th Annual Heckerling Institute on Estate Planning. For the official brochure and list of events, see http://www.law.miami.edu/heckerling/pdf/2014/heckerling-brochure.pdf. For the Heckerling reports, see http://www.americanbar.org/groups/real_property_trust_estate/events_cle/heckerling_reports.html.
M. Read Moore on Tax Administration and Procedural Rules for Estate Planners
Moore’s presentation focused on the … Continue reading
Ransomware is a type of computer virus that infiltrates a computer when the user downloads an attachment. The virus then encrypts all files on the computer until the victim pays a ransom… that increases with time. There is no other way to decrypt the computer files unless the ransom is … Continue reading
In response to a recent article about private trust companies (PTCs) on the Wall Street Journal, Kim Kamin comments that a PTC is indeed a good choice for ultra-high-net-worth families. However, she points out that the advantages of PTCs are generally limited to those who already have a fully … Continue reading
The traditional workplace is constantly evolving due to the introduction of new tools such as Dropbox. Yet, results from a recent survey conducted by the Pew Research Center show that employees still prefer email. According to the survey, 61% of U.S. adults working Internet users ranked email as “very important” … Continue reading
The late Joan Rivers’ will states that her state of residency is New York but her state of domicile is California. In New York, the estate tax exemption was raised from $1M to $2.062M per person in April and will continue to rise each year until January 1st, 2019. On … Continue reading
In a recent Wall Street Journal article, Darla Kashian argues that children should shoulder some of their college costs, even if their parents have the means to pay for everything. This would help them value their education more and also increase their focus, discipline and sense of pride. If they choose … Continue reading
The Lodge, Richard Branson’s ski chalet in the Swiss Alps, can be rented for $88,000 to $180,000 a week. A property in the Virgin Limited Edition collection, the chalet can accommodate up to 18 adults and 6 children and comes with a staff of 12, including a Michelin-starred chef. Other … Continue reading
Tangible objects are often intertwined in family stories, symbolising certain milestones of a family’s journey as well as serving as a source of cohesiveness and tradition. Families should consider the shifting significance of these objects caused by intergenerational transitions so as to avoid any potential conflict and/or litigation.
But on … Continue reading
In a recent New York Times article, Claire Cain Miller clarifies that the belief that divorce rates are rising is misconstrued. In fact, marriages in the 1990s and the 2000s are much stronger than those that began in the 1970s and 1980s, as proven by statistics concerning divorce rates as … Continue reading
According to studies conducted by various companies and consulting firms, there are a few common “time drains” in business operations that often go unnoticed. The majority of these time-wasting habits concern meetings and emails. Some clues that suggest inefficiency include copying too many people into emails, overusing the “reply all” option … Continue reading
In a recent interview with WealthManagement.com, Steve Utkus, the director of the Vanguard Center for Retirement Research, presented his views on the conditions regarding retirement planning that are currently evolving due to the shift to passive investing by retirement savers.
Utkus commented on the widening area of concern of retirement … Continue reading
Co-founded by two Rhodes scholars, Abigail Seldin and Whitney Haring-Smith, College Abacus is a web tool that provides people applying to college with an easier way of comparing college costs. After entering financial and personal data, users can receive estimates of the price they may actually pay after scholarships and … Continue reading