Lowenstein Sandler's Trusts & Estates Podcast: Splitting Heirs Lowenstein Sandler LLP

Today on “Splitting Heirs,” host Warren Racusin speaks with Molefi McIntosh and Mavis Gragg about the “heirs’ property problem--” or what happens to real estate when it is passed down within families without benefit of a will. The guests address the historical and legal impact as well as the economic and racial inequities that resulted from the fractionalization of real estate down through multiple generations, as well as recent efforts to right the injustices of the past through such legislation as the Uniform Partition of Heirs’ Property Act, and new technology that leverages data to clear title.
Speakers:
Warren K. Racusin, Partner and Chair, Trusts & Estates
Molefi McIntosh, Associate, Private Client Services
Mavis Gragg, Co-Founder, HeirShares

Host Warren K. Racusin welcomes Melissa L. Wiley of Lowenstein’s Tax practice and Elie Honig, CNN senior legal analyst, former federal prosecutor, and special counsel in Lowenstein’s White Collar Criminal Defense practice, to the “Splitting Heirs” podcast to discuss the case of DeGuzman vs. the Commissioner of Internal Revenue, where a wealthy couple splits up and gets into a fight about  responsibility for tax liability incurred during their marriage. The lawyers examine the concept of “the innocent spouse,” the differences between criminal tax fraud and civil tax fraud, how tax laws can be used to bring down organized crime bosses, (and why Hermes bags always seem to figure prominently in these kinds of cases).   
Speakers:

Warren K. Racusin, Partner and Chair, Trusts & Estates
Elie Honig, Special Counsel, White Collar Criminal Defense
Melissa Wiley, Partner, Tax

Unlike most countries in the world, if you are a citizen or resident of the United States, the government gets to tax all of your worldwide income, regardless of where it's earned or where you live. And if the IRS decides that your tax home is the US your family may get hit by an estate tax, even if you aren’t a citizen or resident. In this episode of "Splitting Heirs,” host Warren K. Racusin speaks with fellow partner Megan E. Wernke about international and cross-border tax planning, and the different obligations and documents required for individuals with assets or income in the U.S. but who are domiciled elsewhere; have renounced their U.S. citizenship completely; or who are considered non-resident aliens. 
Speakers:

Warren K. Racusin, Partner and Chair, Trusts & Estates
Megan E. Wernke, Partner, Private Client Services

In this episode of “Splitting Heirs,” Warren K. Racusin, partner and Chair of Lowenstein’s Trusts & Estates practice, speaks with Sharon L. Klein, EVP, President - Family Wealth, Eastern U.S. Region & Head of National Divorce Advisory Practice, Wilmington Trust, N.A., about estate planning for divorcing couples, including  “grey divorce”—when couples in their 50s and older—often with significant assets—decide to go their separate ways. They address the importance of—before initiating divorce proceedings—reviewing all of one’s estate planning documents, including beneficiary designations, executors, trusts, and prenuptial agreements, to make sure that they reflect your current wishes, and they illustrate the dangers of failing to prepare for a split with examples of disastrous celebrity breakups.
Speakers:
Warren K. Racusin, Partner and Chair, Trusts & Estates
Sharon L. Klein,  EVP, President - Family Wealth, Eastern U.S. Region & Head of National Divorce Advisory Practice, Wilmington Trust, N.A. 

In this episode of “Splitting Heirs” host Warren K. Racusin of Lowenstein’s Trusts & Estates practice is joined by Jeffrey J. Wild, Lowenstein partner and litigator whose practice focuses on fiduciary issues; the Honorable Paul D. Wilson, Associate Justice of the Massachusetts Superior Court; and Zachary Racusin, professional baseball player and owner/director of player development of Rax Hax Pro Performance, to explore the dynamics of competition when family members fight over inherited property. How can litigants prove a decedent’s wishes regarding his or her intentions, when is it worth the time and expense of going to trial, and when should parties and advocates put aside their respective rivalries and move on?
Speakers:
Warren K. Racusin, Partner and Chair, Trusts & Estates
Jeffrey J. Wild, Partner, Business Litigation
Honorable Paul D. Wilson, Associate Justice for the Massachusetts Superior Courts
Zachary Racusin, Professional Baseball Player and Owner & Director of Player Development, Rax Hax Pro Performance

In this episode of Splitting Heirs, Warren K. Racusin and Bridget Harris of Lowenstein’s Trusts & Estates practice discuss end-of- life decision making with Cynthia X. Pan, MD FACP, AGSF, Chief of the Division of Geriatrics & Palliative Care Medicine at New York-Presbyterian Hospital-Queens, exploring the nuances of healthcare directives, advance care planning, and the extent of ‘extraordinary measures.’ In light of the complex medical, ethical, legal, and spiritual issues at stake, the lawyers emphasize the importance of clearly documenting one’s end-of-life wishes well before it seems necessary, in order that those wishes can be effectively carried out by family and healthcare professionals when the time comes.
Speakers:
Warren K. Racusin, Partner and Chair, Trusts & Estates
Bridget Harris, Counsel, Trusts & Estates
Cynthia X. Pan, MD FACP, AGSF, Chief, Division of Geriatrics & Palliative Care Medicine, New York-Presbyterian Hospital-Queens