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This & That: The B&G Blog

Welcome to our blog and the portal to our newsletter articles.  To the right, you can view past articles and blog posts by category, and below, we share some of the latest news and views from around the web and within the firm.  Please note that the information provided is meant for informational purposes and is in no way a replacement for professional legal, tax, or therapeutic advice.

Apr 27 2017

See Which States Have Death Taxes

Only twenty states have taxes on estates or inheritances — in addition to the federal estate tax.  Arizona is not one of them.  Here’s the full list and the damage they might do.


Apr 26 2017

Mother & Daughter Battle Over Trust

A Long Island woman is accusing her own mother of using trust funds meant for her on herself.  In court filings, she accuses her mom, her trustee, of being motivated by money and greed and taking millions.  Her mother counters:  I kept the trust afloat.


Apr 25 2017

Aristocrat Interviewing Candidates to Carry His Heir

Pretend you are a 70-year-old aristocrat with no spouse, no children, and desperately want an heir.  How would you find an eligible and willing mother to your child?  Sir Benjamin Slade’s answer: Tell everyone and do interviews!


Apr 24 2017

Some Advice on Digital Assets

Have digital assets like Bitcoin?  Maybe this article about how to deal with them in your estate plan will make more sense to you than it does to us.


Apr 21 2017

Prince – A Year Later

It has been a full year since Prince died of a drug overdose, and there has been no shortage of drama surrounding his estate, which will take a very long time to get settled.  Here’s a roundup of where we are now.


Apr 20 2017

Prince Estate Battled Music Release

The Prince Estate is staying on top of things.  Shortly after it was announced that six Prince tracks would be released, the estate was in court trying to put a stop to it.  They succeeded, for now.


Apr 19 2017

Diane Rehm Still Speaking Up On Tough Issues

NPR radio personality Diane Rehm is now retired, and she has a lot to say about getting older and making choices about death, following the loss of her husband in 2014.


Apr 18 2017

Making Your Home Safe for Aging Loved Ones

Whether your aging loved ones are moving in or just visiting, it’s worth looking around and making some changes to ensure their safety.  Easy adjustments include lighting and pulling up rugs; more elaborate ones involve installing grab bars, touch faucets, and more.

 


Apr 17 2017

Drama Continues With Prince Estate

Universal Music made a deal with the Prince Estate back in February, but it turns out it that the estate didn’t have rights to a lot of what Universal thought it was getting, so Universal may try to get out of it.   Such deals are important to keep cash flowing to the estate, as this round up of Prince Estate news points out.


Apr 14 2017

Understanding Beneficiary Designations

We often remind people to check their beneficiary designations to ensure they match their current wishes.  Here’s another tip: Consider what happens to the account if the primary beneficiary is deceased.  The form may list alternates, or simply have a box to check “per stirpes” or some other term.  Check to be sure Plan B is right, too.


Apr 13 2017

Book Explores Estate Sales With Poignant Photos

Estate sales aren’t usually thought of as fodder for emotionally resonant photography.  Turns out they are, evidenced by the book What Is Left Behind: Stories From Estate Sales by Norm Diamond, out May 16


Apr 12 2017

Saving Forgotten Portability Elections

A surviving spouse can elect “portability” and preserve the deceased spouse’s estate tax exemption.  A lot of people forget they can do this, but the IRS will let them off the hook for “good cause.”