When the 7520 rate is low—as it has been for 15 years—opportunities for good planning abound. However, what about when the rate is high? Few estate planners have needed to ask themselves that question until very recently.
After the 2022 midterms, the estate of late songwriter Tom Petty tweeted a statement that condemned the use of Petty's 1989 hit "I Won't Back Down" in one failed gubernatorial campaign.
The estate of late actress Anne Heche is being sued by Lynne Mishele, the woman who was living in the home, which was destroyed after Heche's vehicle crashed into the house and erupted into flames.
One of the most common questions people ask about estate planning is whether they should be using a revocable trust instead of a last will and testament.
