When it comes to tangible personal property, people often have extreme views: Either they expect that their beneficiaries will fight one another over all personal property or they expect that ...
In In re Estate of Debra E. Hunt v. Arabia Vargas, a trial court granted summary judgment interpreting a will to devise a large share of the testatrix’s personal property to her life partner. No.
Tangible personal property – that is, property (other than land or buildings) that you can see or touch – is a special asset class in many estates. A client’s tangibles include their jewelry, clothing ...
Q: My mom wants to create a list of personal items she'd like her grandchildren to receive from her estate when she dies. How can she go about this without rewriting her will? A: In addition to a will ...
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Question: My lawyer drew up my will in 1993 but it does not mention the jewelry I want to pass to my daughters and granddaughters. Do I have to redo it? Answer: Jewelry is considered tangible personal ...
Today’s question is: If you’re married, who owns the untitled tangible personal property in your household? What we’re talking about are sofas, chairs, tables, beds, big-screen TVs, stamp collections, ...
An April 1 tax-filing deadline for business and rental property owners has been extended to May 15. Orange County Property Appraiser Rick Singh decided to grant the 45-day extension for filing ...
Learn what tangible assets are, their types, examples, how they differ from intangible assets, and how they impact a ...
Editor’s note: In this commentary, Jeff Scroggin and Michael Burns underscore the importance of planning for the disposition of tangible personal property, which, as they so cogently point out, is ...
The bane of many a trustee’s existence is the responsibility and potential liability associated with holding, and perhaps having to dispose of, trust property that doesn’t readily lend itself to ...