Dear Garden State Trust: Now that the federal estate tax exemption is over $10 million, do I still need a marital deduction trust in my will for my wife? —Concerned Husband Dear Concerned: Most likely, yes. If your current will includes a trust for a surviving spouse, you probably will want to keep it. A…
Month: July 2018
An Exception for an Exceptional Case
When Paul Newman died in 2008, he left his ownership of Newman’s Own food company to Newman’s Own Foundation. The food company is a for-profit venture, but it gives all of its after-tax profits to charity. The Foundation acquired all “Publicity and Intellectual Property Rights” of the Newman estate. He urged vigilance upon his executors…