Entries by Actualize

Where’s Your Will?

What do Chadwick Boseman, Norm MacDonald, Bob Saget, and Gilbert Gottfried have in common? They all died without a will. The situation is common but the consequences require a bit of analysis. According to the Gallup polls, less than half of Americans have a will. A person who dies without a will is intestate. Intestacy […]

Rupert Murdoch’s Trust Issues

The HBO program, Succession, echoed in a Nevada courtroom recently. The cable program imagined the machinations of a powerful media family, both craven and conservative. In real life, the succession of Rupert Murdoch, owner of News Corp. and Fox Corporation, was set when Murdoch transferred controlling ownership to an irrevocable trust. Since Murdoch’s retirement and […]

Estate Tax Changes Ahead: What You Need to Know

The current lifetime gift and estate tax exemption increases to $13.99 million per person ($27.98 million for married couples). However, this exemption will expire at the end of 2025. If no new law is passed, the exemption will drop to approximately $7 million per person ($14 million for married couples), leading to higher estate tax […]

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