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Sumner Redstone: Estate Planning Put to the Test

Sumner 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...

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Basis Reporting For Estates

Basis 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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Saving For College: Benfits of a 529 Plan

Saving For College: Benfits of a 529 Plan

By Trusts and Estates Attorney Kerri Castellini The cost of college tuition for both public and private institutions is on the rise.  According to www.savingforcollege.com, the cost of 2033 freshman tuition will likely range from $100,000 to $300,000 depending on the institution.  With many parents still pay...

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