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May 13, 2008

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Estate Planning News

Jolie's Mom Left $100,000 For Grandkids

Marcheline Bertrand, the late mother of Angelina Jolie, left $100,000 for each of the actresses' children. Bertrand died after a long battle with ovarian cancer.
Bertrand left $100,000 to her "beloved grandson, Maddox Chivan Jolie.The will was updated in May of last year and asked that executors "add Zahara and the new little precious one (Shiloh born on May 27, 2006), giving them $100,000.00 each."

Jolie, who is raising three children with partner Brad Pitt, has been estranged from her father, actor Jon Voight, for some time.

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Did You Know?

Estate planning is a process to consider alternatives
Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die.

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Estate Planning Terms

Today's Terms

Transfer Tax

Definition:
The combined Federal Estate and Gift tax. A single exemption credit applies whether the property was transferred during a person's lifetime (gift tax) or is held by a person at the time of his/her death (estate tax).

Informed Consent

Definition:
An authorization to proceed by a person who has been given and understands all of the relevant facts.

Gross Estate

Definition:
The value of an estate before the debts are paid. In California Probate statutory attorneys and personal representatives fees are usually calculated based on the gross value of the estate, so that the value of the home is calculated before deducting the amount due on the mortgage.

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Estate Planning Resources

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Estate Planning Hot Topics

Topics Related to Estate Planning:

Trusts
Wills
Uniform Probate Code
Gift Tax

Plano Estate-Planning Attorney

If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

Alvin
Amarillo
Arlington
Austin
Baytown
Brownsville
Burleson
Carrollton
College Station
Cypress
Dallas
Del Rio
Desoto
Eagle Pass
Edinburg
El Paso
Flower Mound
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Garland
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Grapevine
Harlingen
Houston
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League City
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Mcallen
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Mission
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North Richland Hills
Palestine
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Pharr
Plano
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Richmond
Round Rock
San Antonio
San Benito
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Seguin
Spring
Sugar Land
Victoria
Weslaco

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