» Legacy Law Center

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

Declaring Lord Lucan Completely Dead

November 20th, 2015

In the United Kingdom Lord Lucan was officially declared dead by High Court order in 1999. However, that does not mean that he is considered legally dead for all purposes. In 1974 a nanny in the employ of the 7th Earl of Lucan was found murdered at t… Read More

Tags: Missing Person Declared Deceased, Presumption of Death

Preventing Long Term Care Policy Lapses

November 19th, 2015

Long term care in a nursing home is extremely expensive. One way to mitigate that expense is to purchase a long term care insurance policy. Unfortunately, many of the people most in need of long term care insurance let their policies lapse before the… Read More

Tags: Lapsed Long-Term Care Policy, Long-Term Care Insurance, Nursing Home Insurance

Leaving an Intellectual Inheritance

November 18th, 2015

Most people who amass wealth do not do it so that their heirs can squander it. However, that is what happens in most cases. One way to help prevent this from happening to your wealth is to leave your family with an intellectual inheritance. In "… Read More

Tags: Estate Planning Attorney, Inheritance Protection, Intellectual Inheritance, Leaving a Legacy

What Did the Scaife Trustees Know?

November 17th, 2015

The contentious battle over the trust of the late Richard Mellon Scaife has taken an interesting turn as new court filings make it appear that at least one of the three trustees may have suspected the trust was being mismanaged. Richard Mellon Scaife… Read More

Tags: Mismanaged Trust, Removing a Trustee, Suing Trustees, Trustee Responsibilities

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

One More Scary Halloween Story!

November 13th, 2015

A Halloween riddle for you: What's scarier than ghosts and goblins to Americans 50 and older? Answer: Their finances. That's the upshot of the latest Country Financial Security Index, and two other surveys I've seen lately back it up.… Read More

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

Fighting Against Abusive Probate Guardianship

November 11th, 2015

For decades, states have granted courts the power to appoint guardians or conservators for elderly or disabled people unable to tend to their basic needs. Most appointed guardians are family members, but judges can turn to a growing industry of profe… Read More

Tags: Baby Boomers, Disabled, Elder Abuse, Elder Law, Guardianship, long-term care planning

Avoid These Common Estate Planning Mistakes

November 10th, 2015

The most common estate planning mistake may surprise you. "The mistake actually isn't part of the will and trust," said Dan Prebish, head of life services events at Wells Fargo Advisors, based in St. Louis. "It actually has to do… Read More

Tags: Asset Protection, Beneficiary Designations, estate planning, Estate Planning Lawyer, Estate Tax, Inheritance, probate, Probate Attorney, Trusts and Estates, Wills

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