During my career of doing estate administration, I found in the earlier years that the beneficiaries were more appreciative of what they received. The children got along and all was well. However, our society has changed and now there are many cases ending up in court to settle matters which were not able to be […]
So, we are in the first full week of January and life is regaining a normal routine. How are you doing on your resolutions? Last week, Yasmeen Khaleel gave a list of suggestions of areas to address with regard to estate planning. If you read that blog, have you even given it any further thought? […]
You have spent days, and maybe even weeks, working with your attorney on your Estate Planning. You finally feel that you have addressed all of your concerns and are comfortable with who your belongings are going to after you pass away. Now, you can sit back and relax and never worry about your estate planning […]
You have most likely heard the phrase “the only certainties in life are death and taxes”, but have you thought about how the timing of death and the amount of taxes owed are not certain? “The Tax Cuts and Jobs Act of 2017 leaves the federal wealth transfer tax system in place, but temporarily doubles […]
On April 1, 2011, Norman Webb lent $150,000 to his then son-in-law, Dan Krudys. The loan was for a term of four years and was memorialized by a promissory note executed by Krudys. In the next four years, Norman died, Krudys and Norman’s daughter, Cheryl divorced, Krudys defaulted on the note and Norman’s son, Scott, […]
Over the past year, Bob Mason, a nationally elder law attorney from North Carolina, has created a podcast known as the Trust Hacker. In these podcasts, Bob interviews attorneys from all over the country regarding issues effecting trusts, estates, elder law and special needs planning. Recently, I was humbled to be interviewed by him. The […]
A never ending issue facing the court system is the establishment and enforcement of an individual’s obligation to support his or her minor children. A question which should be diligently explored in this area is the enforcement of that obligation if a parent dies prior to fulfilling all of his or her obligations. A recent […]
In 1984, Prince released what was arguably his penultimate album – the soundtrack to his semiautobiographical film, Purple Rain. This classic filled compilation was ignited by its initial track, “Let’s Go Crazy”. A phenomenal song with a phenomenal title. Yet it appears it is regrettably the theme for his estate plan – or apparently lack […]
Years ago, there were a series of commercials in which ordinary folks would go into operating rooms to perform surgeries, fly helicopters and ride bulls. Of course, they would have no training or qualifications. Yet when asked if they were a doctor or a pilot, etc, they would also respond, “No, but I did spend […]
Mike and Carol have three adult daughters – Marcia, Jan and Cindy. Each of them are married and have children as well. When both of them die, Mike and Carol want to treat all three daughters equally. In the event one of their daughters dies before, they want that daughter’s share to pass to that […]
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