Category Archives: Estate Planning
Selling off a late parent’s possession can be stressful
As if losing a parent wasn’t trying and troublesome enough, many adult children face the grim task of subsequently have to dispose of some of their late mother’s or father’s prized possessions. Often the sad reality is that what these older people held dear doesn’t have much value to others. “A few months after… Read More »
Unusual will faced on legal hurdles
We give great respect to the words and actions of the dying. People have been convicted of murder based almost entirely on the words spoken by their victims as the end drew near. And recently in Canada they celebrated the 65th anniversary of what’s been called the “most unique will ever written,” one that… Read More »
Planning for the unplanned requires expert advice
Most people don’t want to contemplate their death, but that doesn’t prevent them from planning for it in terms of their estate. And while most people likewise don’t want to give a thought to a relationship failing to work out, it happens. Wise individuals also make plans with this sad possibility in mind. “People… Read More »
Selecting an executor requires careful thought
The executor of an estate has a wide array of duties and a responsibility, so making the right choice in selecting one is of paramount importance. Trustworthiness is crucial, but so is competence. “Choosing an executor for your will may not feel quite as personal as picking a guardian for your kids, but you… Read More »
Official residency has estate-planning implications
Many people live in different states at the same time; euphoria and confusion come to mind. In a physical sense, however, we are all in only one place at one time, although some people enjoy having homes in different locales. While folks who live half the year in, say, South Carolina and the other… Read More »
Changes in the Law Change Where it’s Best to, Um, Die
Death may be a certainty, but the taxes attached to departing this veil of tears are anything but. “When it comes to state death taxes, nothing’s certain,” according to a recent article on Forbes.com. Entitled “Where Not To Die In 2013 Update,” the piece described changes in the law in various states that have… Read More »
Decision ‘Will Radically Change Estate Planning’
The U.S. Supreme Court decision relating to same-sex marriages will have far-reaching effects. (Photo credit: Wikipedia) Among other things, according to a recent item in Forbes magazine, the ruling “will radically change estate planning for affluent same-sex married couples.” “That’s true not just for the specific issue that was before the Court, but for… Read More »
In spite of strides, women still treated as ‘unequal’ in estate planning
Women have come a long way in many ways in achieving equality with the male members of society, but there is one area where they still lag far behind. A recent article in Forbes magazine, with the nifty title “Nice Girls Talk About Estate Planning” points out that women are the chief executive officers… Read More »
Court sides with nursing home against woman’s grandchildren
An elderly New York State woman thought she was doing the right thing for her grandchildren. A court ruled otherwise, in a case of estate planning gone horribly wrong. The woman, Lillian Hellman, sought to have four annuities, which she obtained in her name with her in control of the accounts, transferred to each… Read More »
Appeals court extends attorney-client privilege
People turn to attorneys for estate planning for a variety of reasons, not the least of which is the assurance that information exchanged in the process is protected from disclosure. “A fundamental principle in the client-lawyer relationship is that, in the absence of the client’s informed consent, the lawyer must not reveal information relating… Read More »