Tag Archives: Divorce

Mr. Cub’s Family and Caregiver Battle Over Estate

Chicago Cubs legend, Ernie Banks (“Mr. Cub”), passed away on January 23, 2015, at age 83. His death certificate indicates that he suffered not only from cardiac arrest but also dementia. It appears that Banks’ friend and caregiver, Regina Rice, … more

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Flaws in Drafting Can Be Very Expensive—Herbert’s Story

This is the story of a man named Herbert who made one crucial mistake in his estate planning.1 Although Herbert is the main character of the story, it is his surviving family members who are left to clean up the … more

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The Empty Trust

POWER POINTS + The end of the year presents a great opportunity to review your estate plan, your newly acquired assets and the funding of your Trust. + An unfunded Trust fails to take advantage of one of the greatest … more

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Your Estate Planning Goals

POWER POINTS + Estate planning is about much more than just who will receive your assets after death. + Proper estate planning can reduce the cost, time and likelihood of conflict when your assets are to be transferred to your … more

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Estate Planning to Keep Your Children Motivated

POWER POINTS: + You want to provide for your children, but you do not want them to depend on their inheritance. + A proper estate plan can limit distributions to your beneficiaries to provide for basic necessities but not luxuries. … more

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The Costs of Procrastinating on Your Estate Planning

POWER POINTS: Estate planning encompasses more than just taxes and asset distribution. Failing to make your wishes known through legal documents increases the likelihood of unnecessary family conflict, costs and delays. Having a proper estate plan ensures efficient estate administration. … more

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How to Accidentally Leave a Gift to Your Ex-Spouse

An individual should review his or her estate planning any time there is a significant change in his or her family or financial situation.  This includes not only the Will, Revocable Living Trust and Powers of Attorney, but also beneficiary … more

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Divorce and Your Estate Planning

When an individual is considering a divorce, his or her estate planning is likely low on the list of priorities.  However, divorce is one of those significant changes in your family situation that should trigger an immediate review of your … more

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Murderer Inherits Victim’s Estate; Court Intervenes

On December 17, 2008, Dianne Edwards (“Edwards”) was choked to death.  Edwards’ Will, which was admitted to probate on October 5, 2009, named her daughter, Deanna Palladino (“Deanna”), as the sole beneficiary of Edwards’ estate, which consisted mainly of Edwards’ … more

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Lessons from Whitney Houston’s Estate

Celebrity estate plans are often the subject of much discussion and speculation with regard to the decedents’ relationships and mentality.  Whitney Houston’s estate will likely be no different.  Houston, who died on February 11, 2012, left only a Will, filed … more

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