Articles Posted in Jeffrey Weinstein

The now bankrupt Interview magazine has hundreds of creditors lined up to get paid. Chances are none of them will get paid what they’re owed, except one, the owner, Peter Brant. After Andy Warhol died in the late 1980s, Brant bought the magazine and is the company’s sole secured creditor. In bankruptcy speak that means…

Estate planning is necessary, but many people find the prospect intimidating. Quoted by laduenews.com, Meredith Murphy, an attorney with Smith Amundsen’s Estate and Business Planning Practice Group in Missouri said, “Estate planning allows an individual to manage and direct where assets are to be distributed upon their death, but [it] also lets an individual plan…

Under Medicaid laws, if you transfer certain assets five years before you apply for Medicaid, Your access to Medicaid can be delayed, the length of the delay depending on the amount of the transfer. While federal tax laws allow you to transfer up to $14,000 a year without having to pay a gift tax, Medicaid…

Former tennis great Boris Becker has denied he is bankrupt and has sought a restraining order to stop the auction of his possessions. The Telegraph reports that his attorneys have applied for a restraining order to prevent the sale of his belongings that include trophies he won at Wimbleton in the 1980s. Becker told Germany’s…

Last month, California Attorney General Xavier Becerra, asked an appeals court to overturn a decision voiding California’s “right to die” law. This week an appeals court reinstated the law, at least temporarily. The Fourth District Court of Appeals in Riverside issued an immediate stay putting the End of Life Option back into effect. It also…

The former toy giant Toys R Us which has been liquidating its assets after declaring bankruptcy has found a new home for one item that they have been having trouble unloading, a statue of their mascot, Geoffrey the Giraffe. The company has been holding going out of business sales at their stores but this girafee…

It is commonly understood that you are not able to discharge student loan debt through bankruptcy. This is true…for the most part. There are circumstances where you can use bankruptcy. Forbes points us to Make Lemonade for some advice: According to Make Lemonade, there are more than 44 million borrowers who collectively owe $1.5 trillion…

Last year Congress passed the Tax Cuts and Jobs Act of 2017 which pretty much killed the aptly named death tax. It didn’t actually kill it just exempted those who leave less than $11 million to their heirs. Since the idea of no leaving a federal tax burden to their heirs, many people are questioning…

Reports are saying that California’s largest utility company, Pacific Gas & Electric has threatened to file bankruptcy if they are held legally responsible for the wildfires that devastated California’s wine country last year. CBS affiliate Action News 2 reported that an unnamed California legislator told the station that since PG&E were blamed for the fires…

A recent piece on the CNBC website addresses an important issue that many people tend to not think about: the impact of a sudden death on family finances. Writer Carmen Reinicke uses the celebrity suicides of Kate Spade and Anthony Bourdain as her jumping off point to discuss what attorneys, financial advisors and therapists say…