The Selfless Act that is Estate Planning
The main takeaway of this article is a selfless one. Yes, you are deciding how you want your assets to be distributed upon your death. However, estate planning helps your family, friends, and people who you care about with instructions about what is to happen with your assets after you die.
My Children Really Don’t Want My Stuff?
“Your grown children will not agree to be the recipients of your downsizing, if it means their upsizing.”
How Did Hayley Mills Lose Her Fortune?
“Hayley Mills became famous in the 1960s, starring in wholesome juvenile comedies like The Parent Trap (1961) and That Darn Cat! (1965.) However, in a new memoir, Mills reveals that she earned a fortune on Disney movies — and then lost it virtually overnight.”
What Your Need to Know about 529 College Savings Plans
“Only about 35% of Americans have heard of 529 plans, according to the College Savings Plans Network. Of those, a mere one in four connect the plans with higher education savings.”
What Happened to Charlie Daniels’ Estate?
“Charlie Daniels played his last show before the pandemic on March 13, 2020, at the Mark C. Smith Concert Hall in Huntsville, Ala. Hunkered down at home in Mt. Juliet, Tenn., he spent the following months telling anyone who would listen — his son, journalists — that he couldn’t wait to get back on the road, where he still played up to 140 dates a year, an ambitious schedule for any artist, much less an 83-year-old.”
What were Zsa Zsa’s Last Wishes in Her Estate Plan?
“The ashes of Hungarian-born actress Zsa Zsa Gabor, renowned for her diamond-studded glamour, witty quips and nine marriages, were buried in Budapest on Tuesday, almost five years after her death.”
New Rules for Burial at Arlington National Cemetery
“Army officials expect to unveil their final rule changes for burial eligibility at Arlington National Cemetery sometime this fall, after they finish sorting through significant public feedback on plans to restrict which veterans can choose the site as their final resting place.”
What Did This Hollywood Producer’s Estate Plan Look Like?
“Steve Bing — who inherited $600 million from his real estate developer grandfather at the age of 18 — only had about $300,000 left to his name at his death, leaving him relatively broke.”
Did Samsung’s Chairman Have an Estate Plan for his $20.7 Billion Fortune?
“The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. However, that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.”
What are the Top Giving Characteristics of Donors?
“Gender and childlessness have always been among the most leading indicators for charitable gifts in estate planning. However, new research has identified a top 10 list of lifetime characteristics that are most important in predicting charitable transfers.”