■ Competency: Trusts are the default answer for how to structure any gift or inheritance. But sometimes, trusts are just too costly or cumbersome for the amounts involved or objectives. For younger donees/heirs transfers can be made to what are referred to as custodian accounts. These include a Uniform Gifts to Minors Act (UGMA) its…
Summary: Estate litigation can be ugly! Nobody wants their kids to fight over their estate, but estate battles are more common than Republican Primary debates! But you can lessen the risk of antagonism and these mud hurling brawls (were talkin’ about estate litigation not the debates). But you have to use the Dr. Phil approach…
Summary: 2011 was a banner year for …well, read on… What lessons can we dredge from this stellar year? √ Basketball Lock Out:2011 brought the 4th lockout in the National Basketball Association (NBA) history. The work stoppage ran from July 1, 2011, through December 15. For young players who haven’t accumulated much wealth,…