Robert Doochin says his next step is fairly simple: After nearly half a century at the helm of American Paper & Twine Co., pass the business on to his three children. But with an estimated value of $10 million to $20 million, there’s one problem: the tax bill. Doochin’s estate attorney has advised him to Keep Reading…
A pro-business and farming group says the death tax is exactly where the organization wants it to be in this election. Dick Patten of the American Family Business Institute says every remaining Republican presidential candidate has signed the Institute’s Death Tax Repeal Pledge. “That, of course, includes Newt Gingrich, Mitt Romney, Rick Santorum and Ron Paul Keep Reading…
We think this is great. From Associated Press: A South Florida man willed his historic house worth $1 million to the U.S. government to help eliminate the country’s growing debt. The Miami Herald (http://bit.ly/vFffRl) reports that Uncle Sam put the Coral Gables house up for auction Saturday. The winning bid was $1.175 million. The house Keep Reading…
It’s been four years since Brooke Astor, the oft- and well-married grande dame of New York City society, died at age 105 amid sensational allegations her only son, Anthony Marshall, neglected her care and stole part of her considerable wealth. At age 87, he’s appealing his 14-count conviction and 1-to-3-year prison sentence. But now the storied Keep Reading…
I’m sure there’s a lot to be said for rich people, but they sure do consume a lot of resources. I wish they’d leave more for the rest of us. That’s why I oppose the death tax. The death tax sends a powerful message to rich people: “You can’t leave everything to your heirs, so Keep Reading…
Estate of Denial® provides news, analysis and commentary on abusive practices occurring in probate courts and via probate instruments (wills, trusts, guardianships, powers of attorney). We provide original perspective to educate the public regarding this growing threat to both individual freedoms and property rights.Celebrity gossip websites ran a story last week claiming that Whitney Houston is “broke as a joke.” They even quoted an unnamed (of course) source claiming that Whitney would be homeless if not for the generosity of friends. She called someone to ask for $100, the story goes. If true, that would be quite a fall Keep Reading…
Sam Manzo, the Southington caretaker on the old Smoron farm, is still without his inheritance and still living in probate hell. I stopped by to talk with Manzo on Tuesday because it’s been two years since I first heard about the elaborate scheme that sought to disinherit Manzo and take the broken down old Smoron farm Keep Reading…
PALM BEACH COUNTY, Fla. – Heir to a Texas air conditioning fortune and founder of his Wellington polo club, John Goodman is now fighting on multiple legal fronts. Investigators say Goodman drove drunk at twice the legal limit, sped through a stop sign and killed 24-year-old Scott Wilson. The lawsuit filed by the victim’s parents reveals Keep Reading…
Over the past months we’ve posted several stories about a dispute between heirs of Elizabeth Beall Banks, the former Belward Farm property owner known also for her anti-development activism, and Johns Hopkins University. A condition of the 1989 property sale requires “the property would be used only for academic purposes, research or medical care with Keep Reading…
As problems with the Tennessee judiciary are a regular topic here at Estate of Denial®, this post from Memphis’ The Daily News was noted with interest: GOP Proposals Take Aim at Tennessee Courts Republicans in the Tennessee Legislature are taking a close look at the judiciary branch this year, with several proposals expected to be Keep Reading…
