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The estate of Michael Jackson are suing a memorabilia shop, Premier Props for auctioning tour photos of the singer - while incorrectly telling buyers one purchased, they would own the copyright for the images. Jackson died of acute Propofol intoxication in June 2009. The photos that are the subject of the litigation were taken during the Jackson br
An increasing number of people have assets abroad. This creates an international dimension to their estate and makes the executry process more complicated and usually delays it. What’s Different about the International Executry Process?When a person from outside of Scotland dies having left assets in Scotland, or where a person living in Scotland d
Recent figures have shown a steady increase in the number of estates subject to Inheritance Tax (IHT).Inheritance Tax is liable on estates that are valued at more than £325,000, and is paid at 40%. Since April 2012, people have been able to reduce the amount of IHT payable to 36% if they leave 10% or more of their net estate to charity.In response
A recent survey from America has looked at estate planning activities of the wealthy, to determine how prepared they are to ensure the security and succession of their family’s wealth.Private bank U.S. Trust questioned 711 high net worth adults in the U.S. with more than $3 million in investable assets, and found that although the basics, such as a
Seven of Ray Charles' twelve children recently persuaded an American court to allow them, his heirs, to reclaim copyrights on around 60 of his best known songs, reported Variety this week.It is a very complicated case, but in essence, in 2010 the seven offspring of Mr Charles served termination notices to end the copyright grant on the works that h
The University of Rhode Island has announced that two of its alumni, John Parker, who was also a professor there, and David E Parker, have provided for legacies of around $2.5million for the URI in their estate plans.The legacies, one of the largest bequests ever received by the URI, will be used to help fund new building works at the College
The University of Mary Washington has received a $2.5 million legacy to establish a series of endowed professorships and faculty awards.The bequest is from the estate of Shirley Van Epps Waple, an alumna from the Class of 1952.Originally from Troy, NY, Waple majored in psychology at Mary Washington. After graduation in 1952, she returned to Ne
The threshold at which people will have to start paying Inheritance Tax on the estate of a loved one is set to rise by 1% from 2015, Chancellor George Osborne announced in his Autumn Statement last week.The threshold has been frozen since the Budget in 2010, and currently sits at £325,000. It is now due to rise to £329,000 in the tax year 2015/2016
The 2012 Will Aid survey into wills and inheritance issues has revealed that 60% of people surveyed have not yet written a will, yet many people have given some thought to what they would do with an inheritance, should one come their way.According to the survey:60% of 18-24 year olds would use an inheritance to buy a home,40% of 45-54 year olds wou
In a landmark ruling the Botswana High Court has overturned a customary law rule that only allows men to inherit the family home.According to the BBC, Judge Key Dingake found that the rule breached rights of equality, enshrined in the country’s constitution.“Women’s equality is long overdue in Botswana. This landmark decision will determine whether
Manx National Heritage (Manx Museum and National Trust) has received an overwhelming response to its request for ideas as to how to spend a £1 million bequest from former Isle of Man resident Donny Collister.Donny Collister was a master painter, who had served during the Second World War. He died in 2007, aged 93, leaving an estimated £1 million to
A new protocol designed to ease the administrative burden on family members in England who suffer a bereavement has been agreed by the British Bankers' Association (BBA), the Law Society and the Society of Trust and Estate Practitioners (STEP).The protocol covers the exchange of information between banks and solicitors and estate practitioners foll

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