Jon Barooshian Writes “Lessons from Prince, Michael Jackson and Paul Mitchell” for Rethinking65
What can we learn from the deaths of Prince, Michael Jackson, and Paul Mitchell? Their deaths teach us the importance of estate planning and having a will. Without them, one may face discrepancies over the value of their assets. Jon Barooshian discusses these three high profile cases, and what we can learn from them.
The lessons from the Estate of Mitchell saga are useful and informative to those who want to make a gift with some finality and avoid a decade or more of litigation with the IRS. Indeed, there will always be disputes over value because experts, who should avoid being advocates, can look at the same data and come to different conclusions.
Continue reading “Lessons from Prince, Michael Jackson and Paul Mitchell” on the Rethinking65 website.
Categorized: Publications
Tagged In: estate planning, IRS, Michael Jackson, Paul Mitchell, Prince, Rethinking65, Tax Court
