Author Archives: Parks & Jones

The last proposed budget of Barack Obama's presidency contains several changes to the tax codes important to estate planning. President Obama has submitted his last budget proposal to Congress. It contains many of the same changes to the tax code he has previously attempted to implement. While there appears to be little chance the Republican […]

The Congressional Budget Office estimates that a bill to fix the backlog in Medicare appeals could cost $1.7 billion. The Audit & Appeals Fairness, Integrity, and Reforms in Medicare Act is a bipartisan effort in the Senate to help with the current backlog in processing and adjudicating Medicare appeals, which is currently 587 days. The […]

The Detroit Lions say that there is a succession plan in place for when the current owner passes away. They are not saying what that plan is, which might cause some concern for the NFL. Like other professional sports leagues the NFL has tight restrictions on who can own a franchise. It is important to […]

Inheriting commercial real estate can seem like a financial windfall for many people. But it can turn into a financial nightmare if environmental pollution is later discovered on the property. In "Contaminated Property Makes for Costly Inheritance" the New York Times writes about two heirs to commercial real estate who had to pay a high […]

Law enforcement authorities believe that a long simmering battle over a family trust was the root cause of a double homicide and the subsequent suicide of the suspect. Raymond Giehl III became concerned when his wife sent him a text message that her uncle Lucius Hamilton III was at their home in an Indianapolis suburb […]

Some people are automatically enrolled in Medicare and this can lead those not enrolled automatically to believe they are not eligible. This is often not the case. People are often confused by the rules for Medicare eligibility because people are only eligible for the program when certain requirements are met. Some who meet the eligibility […]

That a schoolteacher from the Kansas City area left the bulk of her estate to the local Jesuits did not come as a big surprise to anyone, but the size of her estate surprised everyone. For people who knew Anna Kurzweil there was no indication that she was a wealthy person. She grew up on […]

Like her mother, Whitney Houston, the estate of Bobbi Kristina Brown has sparked massive family fights. The latest battle has the estate administrator suing the trustees. The battle over the estate of Bobbi Kristina Brown has featured plenty of drama. The family of her mother, Whitney Houston, is fighting with her father, Bobby Brown, over […]

The idea of freezing a person's brain and bringing it back to life years in the future, when science is advanced enough to do so, has long fascinated science fiction fans and even led to some people having their heads frozen after they pass away.  Scientists might be one step closer to making it a […]

The family life and drama of Sumner Redstone is currently being played out in the media and on Wall Street. It is not the first time that a self-made billionaire's personal life has made the news and harmed his business when the founder gets old, so it would be wise to pay attention to the […]