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.
Why You Need an Estate Plan
Here a real-life scenario that illustrates why every adult needs an estate plan — well before you become too incapacitated to sign one!
New Tax Law: Questions for Your Estate Plan
What Is a Trust?
A very flexible arrangement that can accomplish many different goals. Here’s more.
There’s a Battle Over Charles Manson’s Remains
A long-time pen pal and a grandson are fighting over the remains of Charles Manson, and more might join the fray.
Estate Plan Should Be Part of Your Resolution
Happy New Year! Along with eating better and getting more exercise, consider updating or creating an estate plan in your New Year’s Resolutions. Here’s what you need and why.
Your Estate Plan: Share Or Not?
Clients often ask whether they should share their estate plans with children or other beneficiaries. The answer is always, “It depends.” And the decision is a very personal one. This article makes some good arguments for talking about it, at least a little bit.
Seeking Alternatives for Vegas Shooter’s Estate
Stephen Paddock’s estate is understandably facing many lawsuits following his Las Vegas massacre and suicide. The lawyers and the courts are trying to devise a way to resolve disputes so that as much as possible of his $5 million estate can go to victims and their families.
Celebrity Estate Planning Blunders
Celebrities have money and advice, and even they regularly mess up their estate planning. Here’s a roundup of some “iconic” estate planning flops.
There’s More to S.D. Representative’s Estate Tax Story
Kristi Noem, a Republican representative from South Dakota, has shared her story about the horrors of the estate tax in an effort to repeal it. But it turns out that the turmoil her family faced (if true) could have easily been avoided.
Glen Campbell Excludes Some Children From Inheriting
Glen Campbell, who suffered from Alzheimer’s disease, excluded three of his eight children from his estate plan, possibly setting up a court battle over his estimated $50 million estate.
Australian Court Reduces Daughter’s Inheritance
Olivia Mead, the child of an Australian mining billionaire, won $25 million in court after she was left just $3 million in trust in her father’s estate plan. His estate appealed the ruling, and it’s now $6.14 million. The court reasoned that the lower court erred in calculation the sum and should have been based only on the following: “The capital sum should be sufficient to enable the respondent to purchase a reasonably substantial house with part of the capital sum and to invest the balance so that she will receive a reasonably substantial annuity for the remainder of her life.”
Glenn Frey Leaves Estate to Wife Cindy
Some celebrity’s estate plans (if there is one) hold surprising gifts or disinheritances. Here’s one that didn’t. The Eagles’ Glenn Frey, who died last January, appears to have left his entire estate to his spouse of 26 years, Cindy Millican. Much of the details are not public, though, because he had a trust, which do not become public unless there’s a problem.