Estate of Denial news clips (4/24/17)

Joe Jackson ‘Moved’ By Michael Jackson Doc, Now Supports Son’s Estate

April 14, 2017

Joe Jackson was once an arch-enemy of Michael Jackson’s Estate, but that was then. It seems he he was moved by a documentary produced by the Estate for Showtime called “Michael Jackson’s Journey From Motown to Off the Wall.”

The doc takes a look at the life of the late pop star from his early days at Motown Records to the release of his hit 1979 album, “Off the Wall.” The project acknowledges Joe for moving the family from humble beginnings in Gary, Indiana to Hollywood.


Babyboomers cut out of wills as wealth goes straight to grandchildren (UK)

April 18, 2017

Hundreds of billions of pounds is set to leapfrog a generation and pass straight from grandparents to their grandchildren, as families battle to counter the unequal spread of wealth between old and young.

A study of almost 6,000 adults has found that most property-owning “grandparents” – those aged 75 to 85 – are giving substantial sums to both children and grandchildren while still alive. They are also conserving their wealth with the explicit intention of bequeathing assets to help younger family members buy homes after their death.


Here are the 20 most expensive places in America to die


April 20, 2017

With the current relatively generous federal estate tax exemption of $5.49 million for 2017 — doubled if you are married — most folks are free of any federal estate tax worries. Also, President Trump’s proposed tax plan would eliminate the federal estate tax. And 30 U.S. states have no estate or inheritance taxes. That’s the good news.

The bad news? Some 20 states and the District of Columbia currently impose their own estate or inheritance taxes, or both, for 2017, and some of them have exemptions well below the federal amount. If you live in one of these jurisdictions, you could be exempt from the federal estate tax but still exposed to a significant state death tax hit.