In a recent appearance before the Senate Finance Committee, the financial team of new Governor Kenneth Mapp shared that the Government of the Virgin Islands, with projected revenues falling well short of the $737.6 million appropriated this year, has found itself with a $133 million budget shortfall for the current fiscal year.
Last week I came across an interesting Financial Post article discussing the generation known as “Millennials”. The Millennial generation is generally comprised of individuals born between 1980 and the late 1990s or mid-2000s. The article discusses recent reports dealing with the emergence of Millennials as a driving force in the economy.
Low Energy Prices, Low Interest Rates, Rise in Federal Estate Tax Make Estate Freeze Transactions Attractive
The recent downturn in energy prices has given consumers a welcomed break at the gasoline pump. The people producing the energy, however, from landowners, to oil companies, to oil field service providers, have felt the full negative effects of the steep price decline.
Who Will Update My Status When I’m Dead?: The Biggest Social Media Platforms’ Policies On Deceased-User Accounts
It’s often said that, when it comes to regulating technology, U.S. laws aren’t up to speed. That includes U.S. trusts and estates laws, which, in many cases, do not say much about what happens to your digital assets after you die.
Sometimes it is the most simple questions that are the most difficult. The Estates Act, R.S.O. 1990, c. E.21 provides that a person “having or pretending to have an interest in the property affected by the will” must be served with an Objection but not much more.
We’ve seen it before: the caregiver becomes the primary or only heir of the Will executed shortly before death and the family files a contest.
Often the purpose of creating an estate plan is to ensure that your family is provided for in the event of your incapacity or death. But, what happens if you consider Fido part of your ‘family’?
Obituaries attempt to summarize a life in a few short paragraphs in print or online. They may describe a person’s occupation and place of residence, list the person’s family and close friends, and set out the funeral or memorial arrangements that have been made. They might also set out the cause of death.
In our last blog post, Christine Steiner addressed artists’ business and legal challenges. In this post, Lauren Liebes will address unique issues artist face when making gifts to family and friends of visual art they have created.