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April 2011

The 2011 Estate Tax Laws and You

Danielle Mayoras was recently interviewed by Kim Vatis of NBC Chicago for her Smart Money finance feature:

If you think tax season is over, think again.

The Tax Relief Act of 2010 has changed the rules for estate taxes. And while Congress is giving families a gift, they need to act now and plan.

“2011 to 2013 is critical,” said estate planning attorney Danielle Mayoras. “Take advantage of the laws while we have them.”

 

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Michael Jackson Estate, charity settle Heal the World fight

A big trial is set to begin in late April, pitting the executors of the Michael Jackson Estate against the Michael Jackson Trial and Heirs operator of the Heal the World charitable foundation. The charity has many supporters, including Michael Jackson’s parents, Katherine and Joe Jackson.  

Not only has Katherine supported the charity against the executors, but she did so with a surprising attack against John Branca, the lawyer who is one of two estate executors.

Katherine Jackson has battled with the executors before, but it all seemed resolved in late 2009 after her surprising change of heart.  But clearly, there is plenty of fighting left!

What did Katherine Jackson say, under oath, to support this charity? Is this is a sign of more fighting yet to come? What could have been done differently in Michael Jackson’s estate planning to prevent this fight?

Danielle and Andy Mayoras of Trial & Heirs answer these questions and more in this video:

 


4/19/11 Update:  The Estate and the Heal the World Foundation have now reached a settlement, reportedly following a meeting between Katherine Jackson's new lawyer and the Estate's attorney.  Reportedly, the Estate will now control the charity, with both Katherine Jackson and Melissa Johnson (the woman who was running the charity sued by the Estate) will serve on the board of directors.

By Andy and Danielle Mayoras, co-authors of Trial & Heirs: Famous Fortune Fights!, husband-and-wife legacy expert attorneys, and hosts of an upcoming national PBS special.  The charismatic duo has appeared on the Rachael Ray Show, Forbes, ABC's Live Well Network, WGN-TV and has lent their expertise and analysis to hundreds of media sources.  As dynamic keynote speakers, Danielle and Andy delight audiences nationwide with highly entertaining and informative presentations, dishing the dirt on celebrity estate battles while dispensing important legal information.

For legal help in Michigan, visit Andy and Danielle's law firm's websites, The Center for Elder Law and The Center for Probate LitigationFor the latest celebrity and high-profile cases, with tips to protect yourself, your loved ones, and your clients, subscribe to The Legacy Update at www.TrialandHeirs.com.

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James Brown Estate Battle Still Rocking On!

The battle over James Brown’s final wishes began very shortly after the Godfather of Soul passed away on Christmas Day of 2006. And it’s still going strong.  James_Brown-1

The probate judge approved a settlement among his heirs in 2009, seemingly ending the fight then. One-half of his estate was to pass to charity through a trust, and the other one-half divided between his widow and his children. You can read about the prior settlement here.

But don’t forget about his former manager! What does she have to do with anything? It seems that Jacquelyne Hollander believes she should have been involved in the settlement too. She didn’t like being left out.

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