George Santayana is credited with the saying that those who forget the past may be condemned to repeat it. We live in a world where federal tax benefits seem to
Continue Reading IF YOU ARE THINKING SHORT SALE, NOW IS THE TIME TO ACT.
property
Expensive Shoe Collection Brings Divorced Couple Back to Court
Jenice Armstrong of the Philadelphia Daily News wrote a column about Beth and Daniel Shak’s divorce. The Shaks divorce was finalized in 2009, but recently Mr. Shak filed a petition to enforce the parties’ settlement agreement and is seeking 65% of Mrs. Shak’s extensive (and expensive) shoe collection. Mr. Shak contends that this collection is an asset that was not disclosed as part of the parties’ property settlement agreement and that Mrs. Shak did not provide a “full and fair” disclosure of this collection nor did she list it in an inventory of her assets.Continue Reading Expensive Shoe Collection Brings Divorced Couple Back to Court
QUALIFIED PERSONAL RESIDENCE TRUSTS; ARE THESE HOMES SUBJECT TO CLAIMS IN EQUITABLE DISTRIBUTION?
It was announced on May 24, 2011 that new home sales rose for the second month in a row; a fact that startled many economists. Have we reached the bottom? …
LIVING TOGETHER WITHOUT MARRIAGE
The October 15, 2010 edition of USA Today informs us the business of living together without benefit of marriage in what is termed a “committed relationship” is becoming more and …
TRUSTING THE ESTATE PLAN: HOW TRUSTS WORK WELL FOR THE HAPPILY MARRIED BUT CONFUSE THE RIGHTS OF THOSE WHO ARE NOT.
All married couples should have an estate plan. For those with special needs or large estates estate planning often involves the creation of trusts. Trusts are a device by which the …