» Legacy Law Center

Helping Teenagers Who Inherit Wealth

December 11th, 2015

If you give a teenager a large sum of money and tell him or her that it can be spent however the teen wants, you can guarantee that a large portion of it will be wasted if not all of it. It is no different for teenagers who receive extremely large in… Read More

Tags: Estate, Inheritance

Attorney Charged With Theft in Louisiana Estate Case

December 10th, 2015

A feud that began with a bitter child custody battle might have led to one of the attorneys in the case being charged with falsifying a will and theft. Louisiana attorney Michael Cox represented Michael Davisson in a custody battle against Davisson&#… Read More

Tags: Estate, power of attorney, will

An Odd and Bitter UK Estate Battle

November 27th, 2015

An estate battle in the United Kingdom pits four large charities against the son of a 95-year-old Alzheimer’s patient whom the charities accuse of fraudulently creating a new will for another woman. In an interesting estate battle in the United Kin… Read More

Tags: Estate Litigation, will

Have a Favorite Charity? Consider an Endowment

November 23rd, 2015

It is not easy for nonprofit organizations to secure new funding sources every year. When a regular donor passes away, the organization is often left with a desperate need to replace the funding. If you want to avoid this happening to your favorite c… Read More

Tags: Charity, Endowment, estate planning

How Probate Can Get Expensive

November 16th, 2015

There are many reasons to want to avoid probate for your estate. One of them is that probate can get very expensive. One doctor's bill in a case in New Hampshire illustrates just how expensive. The story of Geraldine Webber's estate has bee… Read More

Tags: Estate Litigation, Inheritance, Probate Costs, Probate Court, Will Challenge

What Do The Uber-Wealthy Do with Their Money?

November 12th, 2015

Art makes up 2.5 percent of the biggest estates and just 0.6 percent of those who had between $10 million and $20 million. A Picasso fetched more than $95 million in 2006. The superrich are different from the very, very rich. For one thing, they own… Read More

It's That Time of Year!

November 6th, 2015

This is the time of year when certain money issues come more into focus, including those related to income-tax planning, charity scams and checking up on the financial health of family members. Tax planning isn't shaping up as anything remarkabl… Read More

Tags: Capital Gains, Charitable Giving, Elder Abuse, Elder Law, Estate Planning Lawyer, Tax Planning

Charitable Giving Puts Public Library Back on the Map

November 4th, 2015

The Stanley and Elaine Ball Charitable Foundation granted the Taneyhills Library $350,000 to renovate the children's area and to create a technology conference room. Taneyhills Library Board Chairman Kenton Olson said the children's library… Read More

Tags: Charitable Giving, estate planning, Estate Planning Lawyer, Inheritance, probate, Trusts and Estates, Wills

Can a Lawyer Profit From an Unethical Will He Drafted?

October 22nd, 2015

A recent appellate court decision in Michigan means that it is possible for attorneys to be unethical and still profit from the wills they create. Every state has a basic ethical rule for attorneys: an attorney cannot draft a will for a non-relative… Read More

Tags: Estate Planning Attorney, undue influence, will

Making Charitable Contributions Work

October 16th, 2015

While you're alive and have philanthropic goals, give appreciated assets held in a taxable account to charity. For charitable bequests, designate your IRA or tax-deferred employer retirement plan. Why? Suppose a hypothetical Al Cole wants to giv… Read More

Tags: Charitable Giving, IRA's, Partial Payout, Planning for the Future, Retirement Planning

» Charitable Giving