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 Internal Revenue Service (IRS) on audit at ~$435 million and by the Tax Court at ~$4 million.
Oct. 5, 2021—If you wish to retain more control over the assets you place in trust, a Delaware directed trust is one possible solution. The state’s distinctive trust law allows you to create a personal trust where you—or advisors named by you—direct the trustee’s actions.
This article was published in the September 21 New York Law Journal Special Trusts & Estates section and provides a comprehensive review of trusts & estates-related legislative activity, specifically in New York, but the proposals often frame issues with which state legislatures across the country are now grappling.
