David Bowie left a major mark on the music industry but he also left behind approximately $100 million to his family members, according to the BBC. While his will outlines that each of his children will receive 25% of the estate, his youngest child is not legally allowed to inherit money yet. Since his daughter,… Read More »
Monthly Archives: March 2016
Prince’s Estate Teaches Important Lessons about Planning
There is no doubt that Prince had clear intentions about the rights to his music. According to a 1996 interview in Rolling Stone Prince said, “If you don’t own your masters, your master owns you.” Unfortunately, however, it is coming to light that Prince did not have as much clarity with his own estate planning…. Read More »
Obama’s Budget and Estate Taxes
You have probably read that President Obama submitted his final budget to Congress recently and that it was greeted by Republicans as ‘dead on arrival.’ We don’t want to get into a political discussion here but it should be noted that there are several proposals that have drawn wide bipartisan support and could resurface as… Read More »
Purpose Prize Winners
For the last 10 years Encore.org (formerly Civic Ventures) has honored hundreds of people from around the world for their work in second careers. Encore, which is based in San Francisco and New York, is dedicated to encouraging, promoting and, in some cases, financing what it calls, “seconds acts for the greater good.” They focus… Read More »
Life is Too Short
According to recent data from the Women’s Institute for Secure Data one third of the women who lose a spouse are under the age of 65. And yes, for over 100 years women have enjoyed longer life spans then men. Although, according to a Los Angeles Times story this has not always been the case…. Read More »