The American Tax Relief Act of 2012 allows for the portability of an applicable exclusion amount between two spouses. In other words, the portability election allows for transference of an unused estate tax exclusion of a spouse that has died to go to the surviving...
Month: March 2014
Estates of any size can be subject to probate
There are a large number of misconceptions when it comes to estate planning. Unfortunately, many of us rely upon less-than-expert advice that individuals in the media or even in our neighborhoods are willing to offer. In the long run, it may prove much less costly to...
Carrying out the probate process can prove complex
In the event of the death of a family member, many financial considerations need to be made. This can include notifying the Social Security Administration, contacting employers, locating information regarding life and health insurance policies, obtaining death...
Probate matter concerning hotel heir remains ongoing
An estate once worth close to $10 million has now been reduced to around $4 million. The estate in question involves Fontainbleau hotel heir Ben Novacek Jr. A five-year probate dispute has been ongoing concerning this estate. The deceased man's wife has been...
