Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

Aretha Franklin's Funky Wills

In May, three hand-written wills were found hidden in Aretha Franklin’s Detroit area home. Her family and lawyers previously thought she had died intestate. Two hand-written wills dated 2010 were found in a locked cabinet and third hand-written will dated 2014 was found under a couch in Ms. Franklin’s living room. The wills are difficult to follow. (Click here for example.) All three documents have been offered for probate as valid holographic wills. There is some question whether they are valid under Michigan law.

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153 Hits

Expiring Tax Provisions

There are a number of tax provisions that will expire at the end of 2013 unless they are extended, which has usually happened over the past 10 years or so, on a one- or 2-year basis.  Senate Majority Leader Harry Reid tried to bring a one-year extender bill to the Senate on December 19, but it failed.  The Chair of the House Ways and Means Committee announced earlier in December that he would not bring an extender bill this year.  The expiring provisions include: tax-free distributions from IRAs to charities for persons at least age 70 ½; enhanced conservation easement deduction; a number of energy credits and deductions as incentives for alternative fuel cars, energy efficient appliances and improvements to homes and businesses; enhanced depreciation and credits for equipment purchased by businesses; research credits for businesses; and special rules for capital gains on small business stock.

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1788 Hits