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Counting on an Inheritance to Retire
May 12th, 2015
A new survey suggests that many Americans are counting on receiving an inheritance to retire on instead of saving enough for retirement themselves. This has the potential to create disasters for several reasons. Recently CNBC published the res…
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Gift Tax Basics
May 11th, 2015
People who want to give a large amount of money to another person often have questions about how much they can give without having to pay taxes on the gift. Fortunately, the gift tax is relatively simple once you know the basics. …
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Alternatives to Talking about Death
April 2nd, 2015
Estate planning attorneys always tell their clients that the most important thing to do to ensure a smooth estate administration is to talk to family members about what they need to do. However, there is an alternative if you are uncomfortable with t…
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Estate Planning Tips for Blended Families
March 12th, 2015
Blended families are continuously becoming more common in the United States. This creates special considerations that must be taken into account during estate planning because not planning properly for blended families is a good way to ensure that th…
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Mr. Cub's Will Contested
February 24th, 2015
Legendary baseball player Ernie Banks, known to fans as "Mr. Cub," passed away recently. Now it appears that there are two disputes involving his passing, including a will contest. Before passing away, Ernie Banks suffered a protracted illn…
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Categories: Aging Issues, Blended Families, Elder Law, Estate Planning, Power of Attorney, Sports, Will
Estate Planning for Widows
February 19th, 2015
Anytime someone loses a spouse, it is important that the surviving spouse's estate plan be revisited. As it turns out, widows often need something different than widowers. Studies suggest that single women are mor…
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Help Wanted: Daughter to Inherit Fortune
February 12th, 2015
Most people who do not have children to inherit their wealth give it to other relatives or charity. However, one woman in China has a different idea. She is advertising for someone to be her daughter. It is ordinarily assumed that wealthy people will…
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What You Need “To-Do” with Your Estate Plan
February 11th, 2015
Now that January has passed and you have hopefully gotten your beginning of the year business done, it is time to turn your attention to your estate plan and make sure that it is up to date. Your estate plan should not be seen as a static document. Y…
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Turning Yourself into a Diamond
February 10th, 2015
Everyone knows that estate plans are primarily about your assets or your minor children, if you have any. Recently, however, some companies are asking people to make unusual decisions about what will happen to their remains as part of their estate pl…
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Revoking an Irrevocable Trust
February 6th, 2015
By the basic meaning of its title, it would seem that an irrevocable trust cannot be revoked. However, in Louisiana, a battle is waging over whether or not that is always true. Tom Benson is believed to control the largest fortune in the state…
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