A baby born somewhere today, November 15, 2022, will be the world’s eight billionth person, according to United Nations projections. “The milestone is an occasion to celebrate diversity and advancements while considering humanity’s shared responsibility for the planet,” UN Secretary-General…
Probate & Estate Planning
Steven K. Mignogna to Present at Rutgers University School of Law’s Do’s and Don’ts of Estate Planning on November 17, 2022
Estate Planning is a topic that lawyers cannot avoid, whether as part of their own practice, or just fielding questions from family, friends and clients, or with regard to planning their own estates. This session will explore the fundamentals of…
Subject Matter Jurisdiction Not Found by District Court of New Jersey
Andrews v. Holloway, No. 95-1047, 2022 WL 6816758 (D.N.J. Oct. 11, 2022)
This case deals with subject matter jurisdiction regarding an estate matter in federal court.
The court referred to the long and circuitous history of the case, with the…
Tragic Aaron Carter ‘died without a will’ leaving the state to decide who will’ inherit his assets including $800,000 house which he had out on the market shortly before his death
Former teen hearthrob and singer, Aaron Carter, passed away earlier this month. The 34 year old was found by his housekeeper on November 5th, and died without a will in place. This leaves the division of his estate up to…
2022/2023 Estate and Gift Tax Update
The IRS has announced the official estate and gift exclusion amounts for 2023.
For an estate of any decedent dying during calendar year 2023, the applicable exclusion is increased from $12.06 million to $12.92 million. This change increases not…
A man who won $30 million on the Chinese lottery says he’ll keep it secret from his wife and child in case it makes them lazy
The winner of the 219.4 million yuan in the Guangxi Welfare Lottery showed up to claim his prize dressed as the letters mascot, Fudou. It is a tradition in China for lottery winners to claim their prizes in costume so…
Estate Tax Revenue Jumps for 2021
Something surprising happened in 2021: Estate tax revenue increased. Though the estate tax exemption has never been higher, the amount collected almost doubled from 2020 to 2021, from $9.3 billion to $18.4 billion, recent IRS data indicates.
Experts suspect…
Joan Didion’s Life in Objects
Joan Didion’s estate sale auction is set to take place next week on Wednesday, November 16th in Hudson, New York. Select items have been on display since October 31st and will remain so until Tuesday. “Everything in the sale helps…
Canada expanding assisted suicide law to include the mentally ill, possibly enable ‘mature minors’
Medical assistance in dying (MAID) has been available in Canada since 2016. In March 2023, it is set to expand after Bill C-7 received Royal Assent in 2021. Individuals seeking MAID will now have the opportunity to apply citing mental…