by Barbara M. Pizzolato, Esq. | Jun 17, 2015 | Estate and Trust Administration, Estate Planning, News and Current Events
Charitable trusts can continue for as long as there are assets in the trust and the trust is still able to carry out its mission. A trust created by President John Adams is still operating and there might be a dispute over control of it. In 1922, John Adams created a... by Barbara M. Pizzolato, Esq. | Jun 15, 2015 | Estate and Trust Administration, Estate Planning, News and Current Events
When someone passes away without an estate plan, by law his or her property goes to the deceased’s closest living relatives. However, if a person has no known close relatives, then what happens to the assets of the estate? It depends on whether any other... by Barbara M. Pizzolato, Esq. | Jun 12, 2015 | Estate and Trust Administration, Estate Planning, News and Current Events
When art collector Robert Edwards passed away, initial reports about his will centered on the $50,000 a piece he bequeathed to two waitresses who work at a bar he frequented. However, now Edwards’ longtime boyfriend is contesting the will. When Robert Edwards... by Barbara M. Pizzolato, Esq. | Jun 11, 2015 | Estate Planning, Tax Planning
Keeping on top of federal tax laws concerning trusts is relatively simple. However, when it comes to state tax laws on trusts, staying on top of them can be an entirely different matter, especially since many trusts might be subject to taxation in several states. If... by Barbara M. Pizzolato, Esq. | Jun 9, 2015 | Estate Planning, News and Current Events
People are gradually beginning to understand that they need to ensure that there is a way for family members to access digital accounts after the owner passes away, at least so far as the biggest accounts are concerned, such as bank and social media accounts. However,...