When gifts are made by an individual’s estate, can the individual’s surviving spouse share the donation credits arising from that gift?
The Earl of Spencer (the late Princess Diana’s brother) recently sparked controversy when he announced his intention to leave his 90-room stately home, Althorp, to his son, Louis. Louis is the Earl’s only son, however, he is the youngest and but one of the Earl’s four children.
As you may be aware, every Last Will & Testament contains a clause which appoints an Executor or Executrix to administer the Estate of a decedent. In a perfect world, the Executor would timely administer the Estate, would entirely fulfill their duties, and the Estate would be swiftly and economically administered.
Family-owned businesses have a hard time letting go of underperforming employees – harder than other businesses might.
Let’s pretend you have a crazy uncle that only wears pajamas even when going to places outside his home.
The issue of how strictly a testator must comply with the formal rules for validly executing a will is one that has encouraged legislative change across the country in recent decades.
On occasion, a testator may wish to keep the true beneficiary of a trust hidden from public scrutiny. Either a secret or half-secret trust may be created for this purpose.