The administrators of the late musician’s estate recently settled a complicated dispute with the Internal Revenue Service over the value of Prince’s assets. The precise value was undisclosed, however, although it could exceed $100 million.
Last week, Bruce Springsteen made headlines for selling his entire music catalog to Sony Music Entertainment in a reportedly $500+ million deal. A number of fans are now asking, “Why did Bruce Springsteen sell his music rights?
In coming years, millions of Baby Boomers — those born between 1946 and 1964 — are expected to retire in the U.S. In fact, by some estimates nearly a quarter of this country’s population will be aged 65-or-older within a few decades.
Taxpayers should, of course, carefully consider whether to engage in a lifetime gifting strategy, which has other considerations beyond just estate taxes (such as the tradeoff with the ‘step‑up’ in basis, and non-tax family related considerations).
Mr. Ted Vicknair did the Estate Planning and legal work when we were ready to disperse our property. Because we have a large family and our properties were in many locations, his work was perhaps unusually complicated. Mr. Vicknair did a great job for us and we would recommend him. Mr. Vicknair is a very patient and kind man and will help people through the difficulties of Estate Planning and Wills.
Mr. and Mrs. Bruce BrownCheneyville, LA
I would definitely recommend Mr. Vicknair as your attorney. He is very honest and patient in explaining the estate process. Mr. Vicknair took the time to come to my house to conduct business as I was unable to drive. He never pressured me into anything, and always answered my questions. Mr. Vicknair is a great knowledgeable attorney, a pleasure to work with, and has my support.
Sharon Guidry HebertBall, LA
I am very pleased with the representation Ted provided for me. He was assiduous in his explanations to my vast array of concerns. I never felt rushed or that I was bothering him. Ted is truly a man of great integrity. He is a man of faith and stands for traditional American values. He is very warm, quite personable, and never condescending.