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Visitors Center at “The Breakers” Causes Feud
June 29th, 2015
When nonprofit organizations assume ownership of historical estates conflicts often arise between the nonprofits and the descendants of those who used to live at the estate. This is the case with a current feud over the Vanderbilts' estate. The…
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Why Choose a Non-Family Trustee?
June 26th, 2015
When naming the trustees to administer a trust, the first people who come to mind are beloved family members. Some people stop there and appoint one of those family members, but they really should think twice before doing so. When creating trus…
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Paul Walker's Car Collection
June 24th, 2015
Paul Walker was famous for his movies about fast cars so it should come as no surprise that he owned a lot of vehicles. Exactly how many vehicles he owned and whether or not his estate has possession of all of them is the subject of a new lawsuit. Fr…
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Digging Up Dad's Grave for $50 Million
June 23rd, 2015
Most people would not consider digging up their father's grave for the sole purpose of securing a DNA test to prove that the man listed on their birth certificate is not their real father. A woman in New York did just that. Nina Sebastiana…
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Two Types of Inheritors
June 22nd, 2015
People who inherit a lot of wealth generally fall into one of two categories: those who want to work hard and those who want to pursue their own pleasure. Most families have both types. Recently, Forbes published an article describing the two general…
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Categories: Estate Planning
Editor's Watergate Papers Donated to University
June 19th, 2015
Watergate continues to be perhaps the most important political scandal in United States history. Now, the papers of the reporters and the editor who broke the story will all be housed in the same place thanks to an estate donation. Ben Bradlee was th…
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Billionaire Giving Pledge Is Not Binding
June 18th, 2015
When they created the Giving Pledge, Bill Gates and Warren Buffet received a lot of praise and publicity. Billionaires who have joined the pledge have received the same. It might surprise you that the pledge is non-binding and unenforceable. However,…
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Widow Sues to Resume Estate Payments
June 17th, 2015
An interesting estate case was recently filed in Manhattan. On one side, a widow is suing her stepchildren claiming that they were supposed to give her a monthly stipend for life. On the other side, the stepchildren claim there was never a marriage a…
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Dispute over MLK's Estate May Be Coming to an End
June 16th, 2015
Over the years there have been several disputes concerning the estate of Martin Luther King Jr. The latest has pitted his children against each other. It now appears that a settlement might be forthcoming. Many of the personal effects of Martin Luthe…
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Widows and Estate Planning
June 15th, 2015
When their husbands pass away many women feel overwhelmed with the estate's affairs. However, with some planning and a few simple tasks most widows can get a good handle on the situation. Even when there is time to prepare for losing a husband d…
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