COPYRIGHTED MATERIAL. Index

Transcription

1 A Accounting fees (administrative expense), 161 Adams, Joe, Administrator-court appointment, 42 Adviser, hiring (direction), Affidavit regarding removal of staples, 260e American Cancer Society bequest, 245 Crawford donation, 188 American Heart Association, Crawford donation, 188 American Institute for Cancer Research, bequest, 245 Ammon, Generosa (co-executor), 15 Ammon, Ted, 146 death/divorce, 15 will preparation (Skadden, Arps, Slate, Meager & Flom), 15 will update, absence, will usage, 1 Ancillary probate, 89 Ante-nuptial agreement, 148 Apartment, ownership, 89 Arthur, Virgie, 207 Artwork, copyright interest (separation), Artworks, disposition, Assets, titling omission, 158 review, failure, 158 Assets (valuing), stepped-up basis (usage), 165 Assistant, beneficiary inclusion, Astaire, Fred, 205 funeral/memorial instructions, 218 Last Will and Testament, excerpt, 221e Attorney contact, omission, hiring, direction, Last Wil and Testament, usage, legal fees, arguments, 200 oversight/negligence, 151 B Ball, Gordon, 195 Bankruptcy, impact, 163 Bank safe deposit box, usage, 262 Beneficiary dispute, settlement attempt, witness, responsibility, 258 Bequeathed artwork, copyright interest (separation), Bequest, politically incorrect/racist connections, 243 Biological children, step-children (legal rights, equivalence), Biological parent, guardian (naming), omission, Birkhead, Larry, 124, 127, 207 Board of directors assumptions, compensation, administrative expense, 161 Bodily remains/ashes, burial/scattering (illegality), Bono, Sonny (intestate court papers), 4, 5e 7e Bouvier, Michel, 155 Brady, Edward, 185 Brazzi, Luca, 201 British throne (heirs), charitable gifts (absence), COPYRIGHTED MATERIAL 269

2 Brown, Joseph Michael, 35 Burials, arrangements, personnel appointment, bodily remains/ashes, burial/scattering (illegality), expense/cost, instructions, detail (providing), Business will, 163 Buy-sell agreement absence, adoption, considerations, 164 example, 163 Bypass trust (by-pass trust), creation, C Cancer Research Institute, bequest, 245 Capital gain, absence, Cash bequest, beneficiary (example), Cassavetes, John (handwritten will), 19 complete example, 20e witness, 23 Castelli, Leo, 69 Cemetery plot, deed (loss), 222 Charitable gifts, absence, Charitable lead annuity trust (CLAT), usage, Charitable plans, problems, 155 Charity, artwork (bequeathing), Charles, Prince (divorce), 230 Charles, Ray business manager/executor (Adams), witness (Funsten), 25 Charles, Ray (will execution), 1 Chattel, 64 Children battles, care, providing (failure), disinheriting, anger/vindictiveness, executor status inclusion, omission, 113 home, allowance, interests, 127 involvement. See Step-children legal rights, equivalence, residence, executor/trustee empowerment (impact), sole surviving beneficiaries, impact, 84 surviving spouse charge, C&J Foundation, trustees, income payment, 155 Clark, Tom H., 180 CLAT. See Charitable lead annuity trust Climaco, John R., 47 Clines, Adele Vallery, 56 Clinton, Hillary, 110 Closely held business, buy-sell agreement (absence), Codey, John, 107 Codicils advantages, preparation, reasons, 180 problems, 175 usage, Congreve, William, 135 Consultant fees, expense exclusion, 162 Co-operative apartment building board of directors, assumptions, liability, stepped-up date benefit, absence, Copyright interest, bequeathed work of art (separation), Copyright issues, 153 Corporate fiduciary naming, removal, 119 Courson, Columbus B., 240 Courson, Pamela S., 240 Crawford, Joan, 187 charities, donations, 188 Last Will and Testament, excerpt, 188e Credit shelter trust, Cremation, Cross-purchase agreement, usage, 164 Custodial fees, expense exclusion,

3 D Davis, Altovise, 47 Davis, Jr., Sammy, 46 guns, bequests, 47 items, sentimentality, 47 jewelry, bequests, Death intestate, value, sale price/date, Decedent accountant, contact, 159 co-operative apartment, liability, estate, executor responsibility, 78 instructions, respect, 216 insurance carrier, contact, 82 will change, impact, contest, Deed, legal document, 222 Deed of Gift arrangement, 50 components, written instrument, 49 Dellow, Brian, 47 Descendants, term (defining), 133 Diana, Princess of Wales, DiMaggio, Joe, 235 bequeathing, 54 DiMaggio, Paula Sue, 54 Disgruntled friends/family, problems, 169 Disinheritance, mentioning (failure), Distribution requirement, payment failure. See Five percent annual minimum distribution requirement Divorce agreement, accounting, proceedings, will (updating), will revocation, assumption, Divorced couples, involvement, 127 Documentation, execution (problems), Do-it-yourself lease, impact, Do-it-yourself wills, Donor intent, 49 requisite mental capacity, 49 Doris Duke Foundation for Islamic Art, Doris Duke Foundation for Southeast Asian Art and Culture, 119 Doris Duke Foundation for the Preservation of Endangered Wildlife, 119 Doris Duke Foundation for the Preservation of New Jersey Farmland and Farm Animals, 119 Duke, Doris, 114 butler, executor, 120 executor, selection (mistake), Falcon s Lair (estate), 119 father s death, 119 Heffner, distance, Rough Point (estate), 119 Shangri La (estate), 119 Duke Foundation Boards, Lafferty coexecutor seat (surrender), 120 DuMar (Dummar) will version, 38e 40e Dummar, Melvin, 35 Dying intestate, E Eastwood, Clint, 47 Election, right, 141 Employment, termination, 163 Engagement ring, bequeath (problem), 68 Estate division, example, 137 inheritance, legal right, 191 leaving, outright/trust (contrast), liquidity, 163 marital deduction, qualification, 156 term, defining, 136 Estate planning absence, 3 copyright issues, 153 documents, importance, 64 do-it-yourselfers, 194 executor selection,

4 Estate planning (Continued ) literary property, 118 mistake, 1, postmortem tool, qualified disclaimer, tax issues, 153 Estate taxes laws, Congressional change, 156 laws, provisions, 156 nonnecessity, 77 Evans, Barbara, 185 Excess distributions, carrying forward, 162 Executive compensation (administrative expense), 162 Executors action, avoidance, 112 approval, attorney/adviser, hiring (direction), commission, sharing, 101 compensation, absence, dispute, settlement attempt, even numbers, selection, 102 mistakes, 95 odd numbers, selection, 102 replacement, will (return problems), role, 95 selection, See also Multiple executors absence, conflict of interest, status inclusion, omission, 113 under-compensation, F Family estate problems, 169 expense/aggravation, 222 fortune, 264 home, providing (failure), Federal annual exclusion amount, 159 Federal estate tax returns, preparation/ filing, 159 Feinstein, Diane, 110 Fields, William C. (Bill Fields), 56 Last Will and Testament, excerpt, 244e politically incorrect/racist connections, 243 tangible personal property disposition, 56 list, 57e 58e Fink, Max, 240 Fishman, Amy Fonda, 189 Fitzgerald, F. Scott (Last Will and Testament) excerpt, 248e problems, 247 Fitzgerald, Frances Scott (daughter), 247 Fitzgerald, Zelda (Non Compos Mentis), 247 Five percent annual minimum distribution requirement, payment failure, Fonda, Henry, 187 disinheritance, Fonda, Peter Henry, 189 Fonda, Shirlee Adams, 189 Forbes, Malcolm cremation instructions, 223 motorcycle clubs, bequest, Foreign country, land/house/apartment (ownership), 89 Forger, Alexander D., 51 Foundation for Visual Arts, The (Warhol donation), 60 Foye, Raymond, 195 Frankel, Sandor, 107 Franklin, Benjamin, 208 Frey, James, 201 Fried, Ceil, 157 Helmsley bequest, 185 Friends, estate problems, 169 Fulton County Court of Ordinary, jurisdiction, 4 Funerals, arrangements, personnel appointment,

5 Funerals, (Continued ) expense/cost, instructions detail, providing, knowledge, 219 officiator, specification, 214 prepayment, 217 reason, 218 service, absence (directions), Funsten, Peter L., 25 G Gandhi, Indira, 110 Getty, Jean Paul burial instructions, 223 codicils/amendments, usage, 176 Last Will and Testament, twenty-first codicil, 177e 179e Gift completion, documentation (problem), delivery completion, 49 documentation, problem, donee acceptance, 49 donee action, 92 rejection, tax returns filing ascertainment, failure, Form 709, 159 Gift, deed arrangement, 50 components, written instrument, 49 Ginsberg, Allen, 195 intentions, Girlfriend, will (leaving), Gleason, Jackie, 28 burial/grave site instructions, 212 Last Will and Testament first codicil, 29e 31e page one, 213e legal name (Herbert John Gleason), 28 Grandchildren, disinheriting, anger/vindictiveness, Grant, Cary, 205 funeral/memorial instructions, 218 Last Will and Testament, excerpt, 220e Gross estate, 154 Guardians involvement, 123 periodic review, failure, selection, difficulty, 130 H Handwritten changes, impact, Handwritten wills, Hara Krishna, impact, Harmon, Jane, Harry, Prince, 230 Hartman, Brynn, 249 Hartman, Phil (murder), 249 Hayden, Jane Fonda, 189 Heffner, Charlene Gail, 114 Heifitz, Jascha, 191, 194 ashes, scattering (instructions), 224 cremation, 206 instructions, 224 Last Will and Testament, excerpt, 192e 193e Heirs, disinheriting (naming failure), Hellman, Lillian, 118 testatrix, issue, 118 Helmsley, Harry bequest, 185 disinheritance, 189 estate, value, 157 Last Will and Testament, excerpt, 186e resting place, 226 Helmsley, Leona, 45, 65, 187 bequests, 157 dog, burial, 206 estate/trust, words (capitalization), 108 Last Will and Testament excerpt, 67e preparation,

6 Helmsley, Leona, (Continued ) statement, 107 Surrogate Court petition, 66 pet burial instructions, 225 pet trust fund, 66 resting place, 226 He Who Has Not Cannot Give (Nemo Dat Quo Non Habet), Hogan, Vickie Lynn, 124 Holographic will, 19 Home, providing (failure). See Family House, ownership, 89 Howard University, Davis Jr. donation, 47 Howar Hughes Medical Institute (HHMI), 35 will, version, 36e 37e Hudson, Rock codicil, signing, 180 first codicil, copy, 180e Hughes, Fred, 60 death, 96 Hughes, Howard beneficiaries, 1 child survivors, absence, 35 HHMI version, 36e 37e Melvin DuMar (Dummar) version, 38e 40e Melvin Dummar/Mormon Church version, 35 Richard Robard version, 37e Hughes, Richard Robard, 35 Human remains/animal remains, commingling (prohibition), 225 Hutchinson, Max probate, Sullivan Country Surrogate Court, 33 will, contesting, I Insurance policies, medical examination, 252 Inter-lineation, problems, 256 Internal Revenue Code copyright/tax code, 167 Section 2518(b), Internal Revenue Service (IRS), Form 709, 159 In terrorem clause absence, 170 usage. See One-dollar no contest/in terrorem clauses Inter vivos trust, establishment, 150 Intestate death, 3 Investment conferences, attendance (expense exclusion), 162 Investment fees, expense exclusion, 162 Irrevocable trust, conduit, J Johnson, Samuel, 227 Joint tenants, survivorship right, 76 Joint tenants with a right of survivorship (jtwros), 76 J.P. Morgan Chase & Company (Ammon coexecutor), 15 K Kaselle, Marion, 33 Kennedy, Caroline, 52 Kennedy, Edward (co-executor), 14 Kennedy, John F., co-executor, 14 descendants, impact, Kennedy, Robert F. assassination, 15 out-of-date will, 14 will, usage, 1 Kennedy, Rory Elizabeth Katharine, 15 King, Martin Luther (Fulton County Court of Ordinary jurisdiction), 4 Kissinger, Henry (executor), 98 Kris, Marianne, 235 L Lafferty, Bernard, 120 Land, ownership, 89 Langella, Frank,

7 Last Will and Testament absence, 3, amendment, avoidance, 175 attorney supervision, necessity, 33 usage, bank safe deposit box, usage, 262 beneficiary, attorney (contact), change, 144 impulse, details mentioning, problems, providing, absence, do-it-yourself creation, executor, beneficiary status, 182 funeral/burial instructions, detail, handwritten changes, impact, lawsuit, mentioning, literary executor, naming, location, difficulty, 17 loss, making, alternatives, 13 no contest clause, absence, 170 prenuptial agreement, mentioning (absence), 149 return, problems, review, 146 revocation, 144 secretary/assistant, beneficiary inclusion, signing expense, 33 inability, staples, removal, state legal requirements, 32 terms, surprise, 112 in terrorem clause, absence, 170 testator perspective, 46 updating, videotaping, 263 writing, 263 Lawford, Patricia Kennedy, 14 Lawsuit, mentioning, Lawyers, criminal connections, 201 Leases, termination, Lee, Spike, 4 Legal dispute, settlement, Legal fees administrative expense, 161 arguments, 200 Legal relationship, absence, 137 Legal rights, accounting, 141 Legal services, 251 Lennon, John, 128 Last Will of Testament, excerpt, 129e Lennon, Sean (guardianship), 128 Levine, Morton, 103 Lichtenstein, Dorothy, 69 Lichtenstein, Roy, 69 financial success, 72 will, excerpt, 70e 71e Life insurance application, material misrepresentation, contestability period, 253 ownership, problems, Life insurance policy, ownership, 202 Liman, Arthur L. (executor), 98 Limited liability corporation (LLC), buy-sell agreement (absence), Literary executor concept, 117 naming, Litigation, avoidance, 170 Living trust, establishment, 151 LLC. See Limited liability corporation Loans, Lowe, Ira M., 195 Lowey, Nita, 110 M Marital deduction, qualification, 156 Marley, Bob (Supreme Court of Judicature of Jamaica jurisdiction), 4, 11e 12e Marshall, Vickie Lynn, 124, 138 spouse/heirs, providing (omission), 138 Material misrepresentation, Matter of Rothko, 103 Mausoleums,

8 Medical Information Bureau (MIB), 252 Meir, Golda, 110 Mellon, Rachel (Bunny) L., 51 Memorial service, absence (directions), Michael, Magda, 56 Midonick, Millard (surrogate), 103 Miles, Barry, 195 Miller, Arthur, 235 Minnelli, Vincente, 142 Minors (minor children) biological parent, guardian (naming), involvement, 123 Monroe, Marilyn, 54 death, 235 estate, leaving (problems), 235, 240 Last Will and Testament, 236e 237e Morgan, Bill, 195 Morgan, John Pierpont Last Will and Testament, excerpt, 227e religious expression, 227 Mormon Church, 35 Morrison, James D. death, 240 financial legacy, contemplation, 242 Last Will and Testament, 241e Mortgages, Mother-in-law, life insurance policy (ownership), 202 Motion Picture Country Home and Hospital, Crawford donation, 188 Multiple executors, selection, Muscular Dystrophy Association of America, Crawford donation, 188 N Negotiations, 199 Nemo Dat Quo Non Habet (He Who Has Not Cannot Give), New will, usage (avoidance), New York appointment of agent to control disposition of remains, 209e 211e Estates, Powers and Trusts Law Section (a)(1)(c), specificity, 28 will, execution instructions, 34e Nixon, Richard M. Last Will and Testament, excerpt, 233e 234e lawsuit, mentioning, 232 No contest clause absence, 170 usage. See One-dollar no contest/in terrorem clauses Non Compos Mentis, 247 O Obama, Barack, 156 Objectant, representation, 199 Onassis, Jacqueline Kennedy, 51 children, executors (omission), 113 CLAT, contemplation, tangible personal property, IRS attention, will, legal mechanism, 52 One-dollar no contest/in terrorem clauses, usage, Ongoing investment management, expense exclusion, 162 Ono, Yoko, 128 Organization, identification problem/ bequest receipt, Out-of-date wills, absence, Ownership, passage, 76 P Paley, William S. (last will and testament), 98 consolidation, 99e 100e executors, commission (sharing), 101 Panzirer, David/Walter, 107 Panzirer, Jay, 189 Parents battles, guardian, naming. See Biological parent Partnership, buy-sell agreement (absence),

9 Payout requirement, meeting (failure), 161 Pelosi, Danny, 16, 146 Pelosi, Nancy, 110 Personal property, taxes (impact), Personal representative, role, 95 Per stirpes, term (usage), 132 Pets burial instructions, care money, providing, providing, Porter, Cole, 214 Last Will and Testament, excerpt, 216e Postmortem estate planning tool, qualified disclaimer, 197 Pour over will, 150 Prenuptial agreements, 135, 163 legal dispute, 149 mentioning, absence, 149 preparation, 148 validity, respect (absence), 148 Presumption of regularity, 32 Prince Charles, divorce, 230 Prince William/Harry, bequeathing, 230 Prior marriages, 135 Private charitable foundations, five percent annual minimum distribution requirement (payment failure), Private foundations administration, problems, 161 administrative expenses, reasonableness, 162 distributions, IRS requirements, 161 Privity, absence, 137 Probate. See Ancillary probate avoidance, etymology, 13 Pro bono, 251 Professional fees (administrative expense), 162 Property, owner death (impact), Property and casualty insurance, maintenance (failure), Puzo, Mario, 201 Q Qualified disclaimer, exploitation, Qualified Personal Residence Trust (QPRT), Queens Country Surrogate Court, legal heirs, 43 R Radiziwill, Lee B., 155 Rat Pack, 46 Real estate damage/theft/casualty loss, impact, 82 home problems, insurance coverage, payment, 83 mistakes, 75 passage, loans/mortgages, title, holding (confirmation problem), titling, failure, trust placement, Reeve, Christopher paralysis, 24 will excerpt, 24e will execution, 1 witnesses, affidavit, 25e Reeve, Dana Morosini, 24 affidavit, 26e Regularity, presumption. See Presumption of regularity Reis, Bernard J., 103 Religiousness, excess, Rell, Jodi, 111 Remains (disposition), agent control (New York appointment), 209e 211e Residuary estate elimination, executor, beneficiary status, 182 Revocable living trust funding, failure, tangible personal property, providing, Revocable trust, establishment, 150 Rhodes, Shirley,

10 Ricard, Fortunatus, 47 Richard Nixon v. United States of America, 232 Right of election, 141 assertion, 141 Robard, Richard (Hughes will version), 37e Rosenthal, Bob, 195 Rosethal, Alvin, 107 Rothko, Kate/Christopher (administrators), 103 Rothko, Mark, 103 Last Will and Testament, 104e 106e Matter of Rothko, 103 Rowlands, Gena (executor), 21 S Schlossberg, Caroline Kennedy, Schwartz, William, 46 Secretary, beneficiary inclusion, Separation agreement, accounting, Settlement offer, negotiations, 199 Shakur, Tupac (intestate court papers), 4, 8e 10e Shriver, Eunice Kennedy, 14 Siblings, battles, Significant others, involvement, 135 Silvergate, Harvey, 195 Silvers, Phil (handwritten will), 19 excerpt, 20e transcription excerpt, 21e Skadden, Arps, Slate, Meager & Flom (will preparation), 15 Smith, Anna Nicole, 124, 138 burial/cremation decision, problems, Last Will and Testament excerpt, 125e 126e, 139e problem, 140 legal disputes, 207 Smith, Daniel Wayne (minor), 124 Smith, Dannielynn, 138, 140, 207 Smith, Jean Kennedy, 14 Smith, Kate, 214 Last Will and Testament, excerpt, 215e Sontag, David (sole executor), 116 Sontag, Susan Last Will and Testament, 116 excerpt, 117e sole executor, 116 tangible personal property, disposal, 118 Spouse assets, titling (omission), 158 death, likelihood, executor, omission, legal/statutory rights, 141 matrimonial attorney, negotiation, murder, right of election, 141 sanity, problems, will, terms (surprise), 112 Staff, compensation (administrative expense), 161 Stamos, Theodoros, 103 Staples, removal (affidavit), 260e State estate tax returns, preparation/ filing, 159 Statutory rights, accounting, 141 Steele, Joan Crawford, 187 Step-children biological children, legal rights (equivalence), involvement, 123 Stepped-up basis, allowance, 165 Stern, Howard K., 127, 140, 207 Strasberg, Lee, 235 Supreme Court of Judicature of Jamaica, jurisdiction, 4 Surviving spouse, child charge, Survivorship. See Joint tenants with a right of survivorship clause, avoidance, 184 requirement, days (counting),

11 Swanson, Gloria cremation instructions, 218 Last Will and Testament, excerpt, 219e T Tangible personal property bequeathing, detail/specific types, providing (problems), 55 gifts, 51 mistakes, 45 multi-person giving, 68 providing, sale, sale proceeds, 154 Tangible property, transfer, 73 Taxable estate, value (determination), 154 Tax exemption amount, exploitation, Tax issues, 153 Tempelsman, Maurice, 51 Tenants agreement, 88 presence, Testament. See Last Will and Testament Testator, names (recitation), 194 Thatcher, Margaret, 110 Titling. See Assets failure. See Real estate Training/professional development expenses (administrative expense), 161 Travel expenses (administrative expense), 161 Trust, owner/beneficiary status, 265 Trustees approval, fiduciary responsibility, 118 mistakes, 95 Trusteeship, limited letters (issuance), 118 U United Service Organizations of New York City, Crawford donation, 188 V Vacant real estate, property and casualty insurance (maintenance failure), Videotaped will, preparation, 263 W Wagner, Robert, 131 Wales (Princess of), Diana, Walken, Christopher, 131 Warhol, Andy, 60, 69 estate, components, 96 will, excerpt, 61e 63e West, Mae Last Will and Testament, excerpt, 173e no contest clause, problems, 171 Wife, sanity (problems), Wilberforce College, Davis Jr. donation, 47 Will. See Last Will and Testament absence. See Out-of-date wills William, Prince, 230 Wills of the Rich & Famous (Nass), 4 Wiltwyck School for Boys, Crawford donation, 188 Witness, actions, 258 Wood, Natalie, 131 Work of art, copyright interest (separation), Written will, preparation, 263 Wylie, Andrew (literary agent), 116, 195 Y Youngman, Henny,

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