February 2, 1905 – March 6, 1982 It has been 30 years since Ayn Rand passed away. However, her philosophical and political theories are still common in debates today. Her two most famous novels, The Fountainhead and Atlas Shrugged have been used by the right-wing to bolster their argument for pure capitalism and smaller government, […]
I previously wrote on how to disclaim property under federal law to avoid or minimize estate taxes. While estates may fall short of the federal estate tax exemption limit, currently set at $5 million, individuals may still need to disclaim property to avoid Minnesota estate tax. Many individuals think their estates also fall short of […]
May 19, 1925 – February 21, 1965 Originally born as Malcolm Little in Omaha, Nebraska, Malcolm X became a prominent human rights activist and gained numerous followers and enemies during the height of the civil rights movement. Malcolm X was assassinated while delivering a speech at the Audubon Ballroom in New York City, just about […]
August 11, 1921 – February 10, 1992 Twenty-years ago, Alex Haley, the co-author of The Autobiography of Malcolm X, passed away of a heart attack. The Autobiography of Malcolm X was written through a series of interviews that took place over a two year period before Malcolm X’s assassination.
Jamie Held explained that the benefit of disclaimer planning is to utilize “…both spouses’ estate tax exemption amounts in order to minimize or eliminate estate tax on a couple’s accumulated wealth.” As we have mentioned often, the current federal estate tax exemption limit is $5 million. However, this exemption limit is set only until the […]
August 19, 1871 – January 30, 1948 Today is the 64th anniversary of Orville Wright’s death, one of the two men known for the invention of the airplane. Orville, along with his brother, Wilbur, made the first airplane flight in 1903 in Kitty Hawk, NC. Orville was born in Dayton, OH, where he and Wilbur […]
The old adage “what’s mine is yours and what’s yours is mine” is particularly true for spouses located in community property states. News of the L.A. Lakers star Kobe Bryant’s divorce reminds us how important it is to know whether or not you are located in a community property state and to plan properly if […]
December 25, 1899 – January 14, 1957 It has been 55 years since Humphrey Bogart died at age 57. Bogie, as he was affectionately called, died from esophageal cancer, leaving a wife and two children. He was married to another leading star of the time, Lauren Bacall, who was at his bedside at the time […]
It’s a new year! Time to dust of your estate plan and review your documents. While not much may have changed, if anything for that matter, it is still useful to perform an estate plan audit on a regular basis to ensure your documents are always kept up to date. Did you have mom and […]
It is that time of year for eggnog and Yule logs, menorahs and dreidels, Christmas carols and Dickens’ A Christmas Carol, Ralphie and the Griswolds, and so much more that puts us all in the holiday spirit. While this time of year is joyous for most, it is also very stressful. Families gather near and […]
March 17, 1902 – December 18, 1971 In the world of sports, names such as Palmer, Nicklaus, and Woods are most associated with the game of golf. However, even before all of them, there was Bobby Jones, who is arguably the best golfer of all time. Mr. Jones’ legend is not just for his accomplishments […]