Tag Archives: Legal Relationships

The Death of Whitney’s Daughter

> Outdated estate planning documents can be as dangerous as not having an estate plan at all. > A proper estate plan should provide significant asset protection and oversight for your beneficiaries. > A change in your family or financial … more

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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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Powers of Attorney: Underrated Estate Planning Documents

POWER POINTS: 1. Powers of attorney are an integral part of any proper estate plan. 2. The costs and consequences of not having powers of attorney in place far exceed the cost of having the documents prepared. 3. Every adult … 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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Phillip Seymour Hoffman’s Questionable Estate Plan

Actor Phillip Seymour Hoffman was found dead in his Manhattan home on February 2nd from an apparent drug overdose.  Hoffman was 46 years old and was not married but had three minor children with his girlfriend, Marianne O’Donnell.  He left … more

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Paul Walker: $45 Million Estate, No Estate Planning?

Paul Walker, star of the popular The Fast and The Furious film series, died on November 30th at the young age of 40 in a high-speed car accident.  Walker was never married but was reportedly living with his girlfriend of … 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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IRS, Treasury and Wal-Mart Recognize Same-Sex Marriages

In another significant step following the Supreme Court decision in U.S. v. Windsor, the U.S. Department of the Treasury and the Internal Revenue Service will now recognize legal same-sex marriages for federal tax purposes.1 As discussed in the July 2013 … more

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Estate Planning in Light of DOMA Ruling

On June 26, 2013, the United States Supreme Court ruled that the federal Defense of Marriage Act (“DOMA”)1 is an unconstitutional “deprivation of the equal liberty of persons that is protected by the Fifth Amendment of the Constitution” (U.S. v. … more

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