By Russell J. Fishkind
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Surrogate courtroom dockets are full of circumstances concerning kin scuffling with over the resources and intentions of a deceased father or mother or wife. Probate Wars of the wealthy & well-known: An Insider’s advisor to property making plans and Probate Litigation tracks the property litigation circumstances of Anna Nicole Smith, Brooke Astor, Michael Jackson, Nina Wang, Jerry Garcia and Leona Helmsley and identifies the 5 common elements that brought on such disputes. every one bankruptcy presents property making plans insights designed to assist contributors plan their estates with no inflicting litigation. If, notwithstanding, probate litigation can't be kept away from, the ebook additionally presents priceless classes approximately undue impact claims, the way to eliminate a fiduciary, hard an property accounting and claims trying to put aside lifetime transfers that undermined the decedents intentions. Few - if any – property making plans books utilize...
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Extra resources for AARP Probate Wars of the Rich and Famous. An Insider's Guide to Estate and Probate Litigation
S. Supreme Court, issued their own embargo. According to the Court, Anna Nicole Smith and her estate are entitled to nothing, as the finding of the Texas probate court was a final judgment and precludes Federal Court jurisdiction on the issue of undue influence and tortuous interference. At least it’s over—right? Nope, the executor of Anna Nicole Smith’s estate appealed and the United States Supreme Court granted certiorari, meaning the highest Court agreed to hear this case . . again. In June of 2011, the United States Supreme Court effectively ruled that it is unconstitutional for a Bankruptcy Court to hear a probate litigation matter.
Note, however, when using a percentage of the gross estate, sometimes beneficiaries battle over the valuation of an asset that is part of the estate, by way of example, a business interest, intellectual property rights, or royalties. Accordingly, a fixed bequest may be the preferable route. There’s no right or wrong amount that a surviving spouse should inherit, but from a practical point of view, if the prenuptial agreement provides the safety net of a home and a reasonable sum of money, both being either outright or in trust, it goes a long way toward keeping the peace and marital bliss.
You may think your money — or your financial advisor — should be working harder for you. You may be watching market trends and seeing new opportunities. And, of course, you want to protect yourself and your loved ones from scams and data breaches. We can give you the support you need. And turn to us for fun, too. ) Because that, too, is what this time of your life is about. AARP is a nonprofit, nonpartisan membership organization that helps people 50 and older improve their lives. For more than 50 years, AARP has been serving our members and society by creating positive social change.