Our Monthly Tip, as featured in Family Lawyer Magazine: Spring is right around the corner and that means so is spring cleaning. While this time of year usually evokes thoughts of organizing closets, it is also the ideal time for those in the throes of divorce or recently divorced to organize their estate and financial plans. Leverage March’s spring cleaning theme to embark on a financial spring cleaning!Here are seven key steps for you to consider to keep your wealth plans in order.
Our Monthly Tip, as featured in Family Lawyer Magazine:Believe it or not, the romance associated with Valentine’s Day is not incompatible with prenuptial planning. In fact, a time when couples feel confident about their lives together can be a perfect time to cement the future if their paths diverge.
This article reprint appeared in the January 2022 issue of Estate Planning magazine. What is the value of a celebrity’s name and image at death? Since name and image is likely an asset that’s includible in an individual’s estate, swings in its value could have dramatic estate tax consequences. Specifically, the post-mortem right of publicity (ROP) allows an executor or heir to exploit a deceased individual’s persona.
When the end of the year is looming and it will soon be time to file taxes, if a divorcing couple was previously married filing jointly, they should consider rethinking their tax filing status. Sharon Klein, president of Family Wealth’s Eastern U.S.
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.