Articles Posted in Jeffrey Weinstein

The new tax law doubles the amount that can be passed to heirs without them having to worry about estate and gift taxes. The amount works out to about $22 million for a married couple, but is only in place until 2025. Due to this, the uber-rich are turning to what are called dynasty trusts,…

A Newton, Mass.based maker of shoes for men and women, Rockport Group LLC, filed for bankruptcy protection Monday, saying it was the result of a “costly and time-consuming separation” from Adidas AG, which owned Rockport until 2015. The company agreed to sell its assets to private equity firm, Charlesbank Capital Partners for $150 million. Under…

An attorney running for probate judge in Lawrnce County, Alabama had one of her campaign signs defaced with a mustache. She responded with a humorous Facebook video with her wearing a fake mustache “Hello Lawrence County, Laura Terry Powell here and I mustache you a question…,” she said, then urged people to register to vote…

A Los Angeles judge appointed a probate referee to appraise the late actress Carrie Fisher’s estate. In a one-page order issued Thursday by a Superior Court judge named Zachary Seff the duties of evaluating all interest, inheritance, transfers and property of the late actress/author’s estate. The estate is rumored to be worth $6.8 million. The…

Determining who “legally gets what” would have been provided with an effective will, as these are the decedent’s last wishes. In the event that one passes without leaving behind a will, dying “intestate” means the decedent loses the opportunity to control who will be the recipient of their assets. Intestacy laws, therefore, determine whether or…

Three years after emerging from bankruptcy, the City of Detroit has been released from state financial oversight. Detroit’s bankruptcy was the largest municipal bankruptcy in history. Detroit posted balanced budgets and surpluses for each of the last three years which was a key factor in the decision by Michigan’s Financial Review Commission (FRC) to free…

The rise of the value of cryptocurrencies in the past few years has exploded and many people have vastly added to their financial wealth. There are billions floating around out there and if you own any of it, like BItcoin, you need to include in your estate planning. You might think that upon your death,…

After over 100 years of being in the mucil instrument business, famed Gibson Guitars has filed fo bankruptcy. The company filed for bankruptcy protection in Delaware, an action many have for some time. The company owes as much as $500 million and that debt has burdened it over the years. According to Bloomberg News, a…

You’ve Been Injured And Filed A Lawsuit. You Can’t Work And Bills Are Piling Up. Then You See A Commercial On Television Saying You Can Get Cash In Advance Of Your Settlement. The Spokesman Says There Is Risk To You. Unfortunately, There Is. Lawsuit loans seem very attractive to plaintiffs awaiting judgments or settlements in…