The end of the year is looming and soon we’ll be filing taxes for 2021. If a divorcing couple was previously married filing jointly, they should consider rethinking their tax filing status.
When a marriage ends and a spouse is a trust beneficiary, are the trust assets accessible or off limits in a divorce? Wilmington Trust’s Sharon Klein, president, Eastern U.S.
Bill LaFond, head of the Mid-Atlantic Region and the Family Wealth division for Wilmington Trust Wealth Management, sits down with Sharon Klein, president of the Eastern U.S. Region for Family Wealth, to discuss her approach in advising successful families and individuals, and to learn what has made her so successful in her career.
It’s a Thriller! What is a celebrity’s name and image worth after they die? Michael Jackson’s name and image was valued on his estate tax return at ~$2,000, by the IRS on audit at ~$435 million and by the Tax Court at ~$4 million. In this September 14, 2021 podcast hosted by ACTEC, Fellows Sharon Klein and Tom Abendroth discuss the implications of this landmark case, explore planning techniques to minimize taxes and review the status of post-mortem publicity rights across the country.
Learn about what passed, what didn’t, and what’s next for New York’s 2021-2022 legislative session with an overview of important new legislation and pending proposals, including: Highest income tax rates in the country enacted.New Power of Attorney form goes into effect, requires two disinterested witnesses and notary.On the heels of the recent Tax Court case valuing Michael Jackson’s name and image, brand new post-mortem publicity rights take effect in New York.