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Kincaid heirs turn to lawsuits over trust issues (KY)

The two grandsons and four great-grandchildren of the late Lexington financier Garvice Kincaid want to terminate or reform an advisory committee that oversees a trust fund created under Kincaid’s will and trust agreement. Brothers Brett Kincaid, 48, and Kevin Kincaid, 44; Kevin Kincaid’s adult daughter Cierra Kincaid; and Kevin Kincaid, on behalf of his minor Keep Reading…

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Jury: Santa Cruz gardener took advantage of woman and her son, awards $700k (CA)

SANTA CRUZ – A jury has determined a Santa Cruz man who received thousands of dollars from a woman who hired him as a caretaker took unfair financial advantage of her and her blind son. Peter Reiter began working for Eva and James Krageness in late 2000 as their landscaper, and was hired to perform Keep Reading…

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Blanco County Farm Bureau calls for ‘Death Tax’ burial (TX)

Most landowners in Blanco County who want to leave property to heirs could face big challenges next January unless tax laws change this year. Under current law, there is a $5 million exemption at a 35 percent tax rate for heirs on property left to them from deceased relatives. According to Adrian Schulze, Blanco County Keep Reading…

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Younger inheritors, women concerned about pitfalls of wealth

Wealth transfer, a perennially touchy issue for some families, offers an opportunity for advisors to step in and bridge generational gaps, according to a new study by Campden Wealth and Morgan Stanley Private Wealth Management on attitudes surrounding wealth transfers. Younger members of ultra-wealthy households are grappling with their forebears for a say in wealth Keep Reading…

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Heirs of Pepsi inventor sue to release formula

MANHATTAN (CN) – Pepsico has no claim to “original, historically significant documents” about the invention of its signature soft drink, two brothers claim in Federal Court, claiming their father deserves the credit. “By this action, the heirs seek to eliminate any doubt that original, historically significant documents belonging to their deceased father, Richard John Ritchie Keep Reading…

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