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Estate Planning

Millionaire Leaves Behind Estate Plan in Will

A millionaire who passed away with a variety of assets, including real estate, jewelry, artwork and cash, left an island to the Massachusetts Audubon Society, according to the will. The woman -- who was the widow of a well-known philanthropist and heir to the Listerine fortune -- split her sizable amount of assets, including $20 million in cash, between her descendants and several other charities.

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Philip Seymour Hoffman’s Estate Plan Made Public

What will happen to Philip Seymour Hoffman's estate is coming to light now that the public has gotten a look at his will. The actor -- whose net worth was around $35 million -- was found in a New York apartment of an apparent heroin overdose, and it appears that most of the actor's estate will be going to his son. The actor's will states his assets will be put into an irrevocable trust to be disbursed to his son at his 25th and 30th birthdays.

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New Medicaid Law Could Have Impact on Estate Planning

The Affordable Care Act has now helped millions of Americans get health insurance. However, it's unlikely that an average person completely understands every aspect of the new law. For example, a little-known facet of the Medicaid program could cause some Americans to rethink their coverage options.

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