» Legacy Law Center

States Race to the Bottom with Trust Laws

September 2nd, 2016

In the U.S. each individual state has wide latitude to determine its own laws for handling trusts. Many are concerned that a small handful of states are using that latitude to race to the bottom. Delaware has long been known for having trust-friendly… Read More

Tags: Trusts

Publicity Rights When a Celebrity Passes Away

August 31st, 2016

Intellectual property rights are mostly determined by federal law and international agreements. When a copyright holder passes away, it makes little difference where he or she lived. However, publicity rights, which govern who can use a person’s im… Read More

Tags: estate planning, Publicity Rights

Retirement Accounts Limit Time for Heirs to Make Decisions

August 24th, 2016

Beneficiaries of retirement accounts face big decisions and limited time. Inheriting spouse has many options and limited time to decide as recently discussed by Market Watch in “Inheriting a retirement account? Lump sum payouts can be costly.” Th… Read More

Tags: Inheritance, Pension

Remarriage and Estate Planning

August 18th, 2016

If you are planning to get remarried, it is important that you revise your estate plan before doing so, especially if you have children from a previous marriage. One of the most challenging things for estate lawyers and probate courts to administer i… Read More

Tags: estate plan, Second Marriage

Do Not Regret Your Retirement

August 15th, 2016

When many people retire they have regrets about things that they wish they had done differently. It does not have to be that way. To fulfill their version of the American dream many people make a bargain with themselves. They bargain that they will w… Read More

Tags: Elder Law, Retirement

The Return of Reverse Mortgages

August 11th, 2016

In the past most elder law attorneys advised their clients to stay away from reverse mortgages. That is beginning to change. Just a few short years ago reverse mortgages were often seen by elder law attorneys as an unfortunately popular way for senio… Read More

Tags: Elder Law, Financial Planning, Reverse Mortgage

What to Leave to Your Family

August 9th, 2016

Throughout your life, you have most likely accumulated many different types of assets. When planning your estate, it is useful to know which of those assets you should leave to your family members. Estate planning is not just about deciding how much… Read More

Tags: estate planning, Estate Tax, Inheritance

Estate Looks for JFK Love Child

August 5th, 2016

That John F. Kennedy had affairs while he was President is fairly well known, so perhaps it should not be too surprising that the estate of one of the women alleged to have been involved in one of those affairs is following up on rumors that she had… Read More

Tags: Celebrity Estates, Estate Administration, will

Waiting for the Tesla Model 3?

August 3rd, 2016

If you are currently on the waiting list for the Tesla Model 3, what happens if you pass away before getting the vehicle? The announcement of the Tesla Model 3 generated enough buzz that more than 300,000 people paid $1,000 dollars each to be on a wa… Read More

Tags: Beneficiary, estate planning, Heir

Firearms and Estate Administration

August 2nd, 2016

New rules issued by the Bureau of Alcohol, Tobacco, Firearms and Explosives provide some clarity for executors of estates that include firearms. Any new proposed gun control laws or regulations are almost guaranteed to set off a political controversy… Read More

Tags: Estate Administration, Executor, Gun Trust

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