February 2014 Archives

What lessons can we learn from Philip Seymour Hoffman's will?

Residents across New Jersey were likely saddened by the recent death of famed actor Philip Seymour Hoffman. As tragic as his death was, however, it brought many important topics to light. Most recently, it is his will that has sparked some interesting dicussions. Sources suggest that Hoffman's estate plan proved to be inadequate in a few different ways that significantly affected how his assets and wealth will be distributed. 

IRS: Jackson estate owes $700 million plus penalties

In our previous post, we discussed how important it can be to ensure that a property has been properly evaluated, should the owner pass away. If mistakes are made in the valuation of a home, business or other asset, this can cause a great deal of headaches and confusion for those who are tasked with administering an estate and those who have something to gain or lose as a result.

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