Executors

Total 345 Posts

Rosa Parks’ Estate Tied Up in Litigation as Her Memorabilia Goes to Auction

Almost six years after her death, the estate of civil rights hero Rosa Parks is still being litigated. Court pleadings recently filed with the Michigan Supreme Court reveal details over the fight for control over her estate.

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Rosa Parks’ Estate Tied Up in Litigation as Her Memorabilia Goes to Auction Continue Reading »

Contested wills, Estate Litigation, Estate Planning, Executors, Trustee, Trustee Disputes, United States, Wills

Grandfathered insurance policies

When the stop-loss rules were enacted, they contained grandfathering provisions that provided relief on dispositions of shares pursuant to “grandfathered agreements” or related to “grandfathered insurance policies.”

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Grandfathered insurance policies Continue Reading »

Business Succession Planning, Canada Revenue Agency, Estate Planning, Executors, Insurance, Liability, Small Business, Spouse, Succession Planning, Tax Issues

Private company shares and life insurance

It is not unusual to see a corporate beneficiary of a life insurance policy collect the insurance on the death of the insured shareholder. Depending on the circumstances, there are creative ways to use the insurance to benefit such persons as the deceased’s estate or other shareholders of the company.

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Private company shares and life insurance Continue Reading »

Business Succession Planning, Estate Administration, Estate Planning, Executors, Insurance, Liability, Small Business, Succession Planning, Tax Issues

Consider a voluntary disclosure where tax filings are either missing or incomplete

Your responsibilities as a trustee or executor of an estate may include completing the tax filings of the deceased and requesting tax clearance prior to the distribution of the estate in accordance with the will terms. Let’s say you find out that the deceased’s tax filings were not all up to date or incomplete and you have read about the possibility of tax penalties.

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Consider a voluntary disclosure where tax filings are either missing or incomplete Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, Executors, IRS, Tax Issues, Wills
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