Kindle Books and iTunes Apps – Is There a Trust for That?
All those digital books, songs, movies, TV shows, and apps a person accumulates over a lifetime on their Nooks, Kindles, and iPhones -- can you leave the collections to your heirs? The answer is, sort of. As in life, so afterwards. Transfers are limited by the way...
What is the Value of Illegal Art?
When New York art dealer Ileana Sonnabend passed away in 2007 her children inherited an art collection valued at about 1 billion dollars. One of the pieces, “Canyon” by 20th century artist Robert Rauschenberg included a portion of a stuffed bald eagle. Due to the...
Kennedy Trust Gets New Trustee – Remember to Amend Trust When Divorcing
Taylor Swift is dating barely legal Conor Kennedy. Conor Kennedy is the son of Mary Richardson Kennedy who was married to Robert Kennedy Jr. Robert Kennedy Jr. was one of Bobby and Ethel Kennedy’s 11 children. Mary Richardson Kennedy, who was suffering from...
GRATs Are Still Great
Susan Share In the immortal complaint of one of Jane Austen characters,“People always live forever when there’s an annuity to be paid them.” From Sense and Sensibility, 1811. But you can enjoy substantial benefits from short-term annuities as well. Since the early...