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Laws Are For the Little People

In an unusual moment of sanity, the federal government announced on Friday that it would stop seizing the tax refunds of taxpayers whose parents owed money to Social Security from years ago.  This has been governmental policy since late 2008.  In typical bureaucratic efficiency, the IRS would send letters to addresses that had not been used in 40 years or would inexplicably be unable to contact someone who had lived at the same address for 40 years.  In its defense, the IRS does not pass these inane laws, it merely enforces what Congress has passed.
 
Three quick points:
 
1.  Typically debts die with a person and the heirs of an individual are not liable for his debts.  This is an exception. 
 
2.  If you want to point fingers for this law punishing innocent taxpayers for the alleged sins of their parents, point to Todd Platts, a former Republican Congressman; a Democratic House and Senate in 2008; and a legislative process that allows crap like this to get inserted into a Farm Bill.
 
3.  It is nice of the WaPo to take a breath from its anti-Trump obsession and to focus on the injustice caused by this process.
 
Photo Credit:  Evelyn Hockstein for the Washington Post
License:  Fair Use/Education

Krusty the Clown Could Have Prepared Better

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As previously mentioned, Sam Simon was the co-creator of The Simpsons.  When he died a year ago, he reportedly left his $100 million estate to various charities.  However, various charities he had supported during his life were initially miffed that they had not received support from his trust during the six months after his death.  Also, the individual taking care of his Cane Corso was squabbling with the Trustee about receiving insufficient funds to care for the dog.  Now, his girlfriend has filed a claim against his estate alleging that Simon had promised her $5 million in his will if she quit her job.  His first wife, Jennifer Tilly, also filed a claim against the estate asking to continue to receive payments from his estate for work he did on The Simpsons and the Drew Carey Show.

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All Posts By Jay Brinker

I am an attorney located in Cincinnati, Ohio who practices in the areas of estate planning, probate, asset protection, and small business advice. I make a difficult and bewildering process as simple as possible. Most importantly, I provide "more for less" for my clients.