Category: Wills, Trusts, & Estate Planning

Herbalife fortune wins removal of trustees for mismanagement

Herbalife fortune wins removal of trustees for mismanagement By Matthew Heller. He is a Los Angeles-based freelance writer In July 2012, a key witness took the stand in Los Angeles in an extraordinary probate trial that pitted the sole heir…

Beware of Unintended Beneficiary Designations

Beneficiary designations are commonly used to name the individuals or entities who are to receive the proceeds of life insurance policies or retirement plans after the death of the owner. An increasing number of financial institutions are now using…By: Pepper…

Planning for Digital Assets

The term “digital assets” has become an umbrella term for all manner of assets, including airline rewards, hotel points, e-mail accounts, domain names, online bank accounts, social networking accounts (e.g., Facebook), data stored on computers or…By: Pepper Hamilton LLP Related…

2015 Tax Figures

The following inflation-adjusted amounts are effective January 1, 2015: – The annual exclusion from gift tax remains at $14,000 per donee. – The annual exclusion from gift tax for gifts to a non-citizen spouse increases to $147,000…By: Pepper Hamilton LLP…

Addressing Portability

As we have discussed in previous newsletters, the concept of “portability” introduced in 2012 allows a surviving spouse to use the unused federal estate tax exemption of the first spouse to die, but only if a federal estate tax return…