As is the case with many celebrity passings, there are lessons to be drawn from the estate of Paul Newman. In this particular case, it is important to understand that if a foundation will be run by family after the death of a loved one, early and clear communication is key. Rules for the governance [...]
Abuse and neglect of elderly individuals in nursing homes is an issue that has been drawing more attention recently as family members and other loved ones discover unfortunate situations. A clear understanding of elderly rights can help to address any concerns your family might be facing with regard to cost and quality of care for [...]
There are lessons to be learned from the sudden death of David Roth, general director of the Kentucky Opera. Unfortunately, families and business around the country suffer when an unexpected departure raises many questions about the future of a company or entity. Although it can be frustrating to realize the challenges of handling this situation [...]
A working artist has the potential to create hundreds of unique pieces over the course of a lifetime. Determining what you want your legacy to be and what you want to happen to your art can be a difficult question, but it is one that is better addressed sooner rather than later. One of [...]
As of this writing, the IRS views bitcoins as property. The digital currency has gained enough traction that the IRS has started to pay attention. Now, owners of bitcoin are responsible for recognizing loss or gain and filling out taxes and W-2s where necessary as a result. To include bitcoins in your planning, follow these [...]
These mortgages are marketed quite heavily to the target market- individuals over the age of 62. These provide the ability to borrow against home equity, but not understanding how these work could leave heirs at risk of losing a family home. On a national level, debt has risen quite quickly for those aged 65-74. It [...]
Most people are aware of how devastating one lawsuit can be, even if they have never been victims of one. Despite this, many people are under the assumption that it could never happen to them, leaving them exposed to major risks in the form of litigation. There are 20 million lawsuits filed in the U.S. [...]
Although it is certainly possible to achieve a fair amount with reactive planning in an elder law crisis, it is much easier to plan in advance. An elder crisis with no prior planning might leave invested parties with only a will or a will and power of attorney to review. Even if these documents are [...]
As a result of relatively high divorce rates and better longevity these days, blended families now outnumber traditional families. Divorce and remarriage has the tendency to increase the number of individuals involved in an estate, which can lend itself to complexity if not properly planned for. With more individuals at the table for an estate, [...]
An executor plays a very important role in carrying out an estate, and it can be nerve-wracking as well as frustrating if you suspect that an executor is not being completely prudent or truthful. Executors have a fiduciary duty to carry out their tasks with integrity and trust. If there is suspicion that something has [...]
