Archive for December 2016
Estate Plans Should Be Reviewed When Big Changes Arise
We are facing big changes right now and more changes are likely. An estate plan should be considered as only temporarily up to date, because significant changes in situations should spark a review of the plan. Recent Treasury Department regulatory changes make it likely that your plan needs review as Wealth Management discusses in “Remind…
Read MoreThere are Exceptions to Attorney-Client Privilege
Attorney-Client privilege is important in estate planning but there could be exceptions. Attorney-client privilege is one of the key doctrines of our legal system but there are exceptions as explained by the Wills, Trusts & Estates Prof Blog in “Treasure-Hunter’s Documents Might Be in Deep Water.” This doctrine even has an important place in estate…
Read MoreWhat Is Costs and Frequency of Elder Abuse
The financial cost of elder abuse has risen 20% over two years. A recent study conducted on elder abuse reveals some alarming figures, according to a report in the Wills, Trusts & Estates Prof Blog “Elder Financial Abuse Is Costing Americans.” The numbers are alarming: 37% of elderly caregivers report that the person under their…
Read MoreEntertainer’s Estate, Rapper Head to Court
Prince’s estate files lawsuit against Jay Z. As speculation mounts over how Prince’s estate will pay what is expected to be a sizeable estate bill, the estate has begun a legal fight against a rapper’s company, according to TMZ in “Prince to Jay Z No Free Rides in My Little Red Corvette … Record Label…
Read MoreEstate Planning Should Precede Remarriage
Getting remarried late in life can create inheritance problems without a careful look at your estate plan. Remarriage late in life without proper estate planning can quickly cause problems with families and estates, according to New Hampshire Magazine in “Navigating Late-Life Remarriage.” Elder advocates generally consider it a positive event when people find love and…
Read MoreEstate Planning Can Help Prevent Family Fights
A family fight over an estate can be destructive but a good estate plan can reduce the chances of that battle beginning. It is a fact of life that all fights cannot be avoided but there are steps that can reduce the chances of conflict over an estate, according to the Lodi News-Sentinel in “Avoid…
Read MoreThe Two Basic Categories of Estate Planning
While estate planning has many different documents it comes down to two categories. One of the best ways to begin estate planning is to break the process down into two categories, according to the Motley Fool in “The Estate-Planning Documents Everyone Needs.” There are all sorts of different legal documents in estate planning that are…
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