In the News: Wealth Management

In the News: Wealth Management

In a landmark decision, the United States Tax Court sided with the Estate of Michael Jackson in its forceful disagreement with the IRS audit determination regarding the values of Jackson’s likeness/image and music at his date of death. Using the Income Approach to estate valuation, Jackson’s experts emphasized his tainted reputation, debt-encumbered music assets, and Read more about In the News: Wealth Management[…]

In the News: Money

In the News: Money

For certain taxpayers a deductible IRA contribution is not only an immediate tax savings, it also may qualify them for a third stimulus check under President Biden’s American Rescue Plan legislation. These $1,400 stimulus checks have already begun to arrive via direct deposit, and will continue to be issued over the coming days and weeks. Read more about In the News: Money[…]

In the News: Wealth Management

In the News: Wealth Management

Holographic wills are allowed in the State of California. However, the mental capacity and state of mind of Larry King will play a vital role as to whether or not his previous attorney-drafted estate plan will hold up. Rumor has it that his estate is worth close to $100 million. More on this here: https://www.wealthmanagement.com/estate-planning/larry-king-s-handwritten-will-throws-estranged-wife-curveball