By Trusts and Estates Attorney Kerri Castellini The 2016 Summer Olympics kicked off on August 5, 2016. Until the closing ceremonies, over 500 American athletes are slated to compete in over 28 different sports ranging from swimming to gymnastics, and even table tennis. The first modern Olympics were held in 1896. The United States has participated in 49 Olympic Games and is the ...
Continue ReadingSumner Redstone: Estate Planning Put to the Test
By Trusts and Estates Attorney Kerri Castellini Sumner Redstone, the 93-year-old American businessman and majority owner of the National Amusements Theater chain, is no stranger to family dispute. For almost a decade, he has been plagued by lawsuits concerning the use and control of his vast wealth, estimated by the New York Times to be over $5 billion. Through the National Amusemen...
Continue ReadingBasis Reporting For Estates
By Trust and Estates Attorney Kerri Castellini On July 31, 2015, H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law. A provision of the bill that has caused great anxiety among estate planners and accountants was a requirement that executors or personal representatives of an estate that is required to file a Federal esta...
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