When Fritz Detmer passed away, he left his son, Tols Detmer, an estate worth several hundred thousand dollars. The terms of the will were that Tols was not to get his inheritance until he turned 18. Now, Tols is 19 and he is suing his own mother, Charlinette Detmer, for…
An aging woman posed a question to The New York Times “Ask Real Estate” columnist regarding her rented apartment. The woman asked if her daughter would be responsible for the older woman’s signed lease, if she passed away while still a tenant in the apartment. Her question appeared in a…
If you are planning to issue your next $100 million tax payment to the IRS via check, better make arrangements for an alternate payment method. The IRS has announced that it will no longer accept payments by check in excess of $100 million. In the modern grocery store, scanners are…
The IRS enacted a new law that required any estates filing Form 706 after July 31, 2015 to report the value of the estate within 30 days after filing the estate form. However, the IRS never issued any implementing regulations for the law. As a result, the IRS has recently…
Baby Boomers have long dictated trends and styles. Today’s Boomers continue to establish trends as they begin their down-sizing moves. Estate sales are a growing niche as older adults scale back their lifestyles. Estate sales have become big business as aging Americans decide that they’d rather let someone else handle…
Estate plans can outline everything from the disposition of family heirlooms to the distribution of vast land and property holdings. Recently, the $500 million art collection of the estate of shopping center magnate A. Alfred Taubman was in the news. Taubman’s collection is thought to be one of the most…
Divorce lawyers know that some of the most intense fights between a couple can erupt over the most insignificant item —- a matchbook collection or a set of souvenir spoons from family vacations. The stuff being fought over serves as a proxy because the parties are angry with each other…