Tag Archives: Legal Relationships
John Singleton Survived by Outdated Will
John Singleton, writer and director of the seminal 1991 film, Boyz n the Hood, died on April 29th at the young age of 51. Singleton, who had reportedly been diagnosed with hypertension, suffered a stroke on April 17th and was … more
Karl Lagerfeld’s Cat May Inherit Estate
Renowned fashion designer, Karl Lagerfeld, died on February 19, 2019, at the age of 85. Lagerfeld was not married and did not have any children, but he is survived by his cat, “Choupette.” With nearly 300,000 Instagram followers (@choupettesdiary), Choupette … more
U.S. Supreme Court Rules on Beneficiary Designation Dispute
> Relying on state or federal laws to administer your estate is never advisable. > Beneficiary designations supersede the provisions of a Will or Trust. > By organizing your assets as a part of your estate planning, you can ensure … more
Estate Planning for the Single Person
> Every legal adult should ensure that his or her wishes are clearly stated in proper estate planning documents. > Safety nets available to married individuals with children are not as reliable for single individuals. > Failing to … more
When a Do-It-Yourself Divorce Goes Wrong
> Removing the counsel of experts rarely results in decreased costs and increased efficiency. > Each asset’s characteristics must be considered carefully when being transferred, whether it is due to divorce, planned giving or death. > Integrating your advisers allows … more
Estate Planning, Marriage and Divorce
When considering marriage or a divorce, your estate planning is likely low on the list of priorities. However, these are significant changes in a family situation that should trigger an immediate review of your existing estate planning documents or preparation … more
Prince Estate Update – Rumors and Reality
> The presence of a proper estate plan ensures efficient administration while reducing the likelihood of conflict amongst family members. > Life insurance or other liquidity can alleviate the strain on the estate in the interest of preserving the … more
Prince Leaves a Complex, Unplanned Estate
> Without an estate plan, Prince’s half-siblings will stand to inherit the same share as his full-sibling. > Failure to plan for a potential estate tax liability may lead to a forced liquidation of estate assets, including his vault … more
Lamar, Khloe & the Urgency of Estate Planning
> Estate planning documents should be reviewed or prepared immediately upon consideration of divorce or any other significant life event. > Divorce does not affect estate planning documents upon filing, only when the divorce is final. > With proper planning, … more
Spectrum of Withdrawal Limitations
> Trusts allow for withdrawal limitations ranging from common to creative. > Overly-specific requirements may burden the family and trustee and be struck down if they violate public policy. > Understanding and anticipating the practical administration of the estate prior … more
