Estate Tax Lessons from 2010 and Things to Watch Out for in 2011

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A revocable living trust is a wonderful tool, but it’s just an empty vessel until you fund it by re-titling your assets in the name of your trust. Michael Jackson created what is most likely a wonderful living trust, but his failure to fund it properly means that 2010 saw “The estate of Michael Jackson... dragged on with no end in sight.

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Topics:  Celebrities, Codicil, Common Law Marriage, Divorce, Estate Planning, Estate Tax, Revocable Trusts

Published In: Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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