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A parent may be shocked when their child gives away their inheritance for some quick money. A recent MarketWatch article described the anguish of being distressed and giving up your inheritance for some quick money in “My drug-addicted friend signed away his $800,000 inheritance to his brother — now he’s clean, can he get it […]
Generational wealth issue may create a stumbling block. The trust designed to avoid paying estate taxes for generations has come up with President Trump’s nominee for Treasury Secretary, according to the Financial Advisor in “Trump’s Treasury Pick May Have Used Tax Loophole Obama Attacked.” Properly designed and administered, dynasty trusts can help legally avoid paying […]
Millennials generation needs to pay attention to Social Security and Medicare. Some forecasters believe the stock market will not be bullish for the near future and that Millennials should be putting away 25% of their current income to keep retirement funds growing at a healthy rate, according to Wealth Management in “Should Millennials Double Retirement […]
Dramatic shift possible in equities and bonds resulting in impact on investment in trust assets. The equity and bond markets have been relatively stable with a negative correlation for the past three decades. However, that may be about to change, according to the Financial Advisor in “Forget 30 Years Of Stock And Bond Divergence, Bernstein […]
Student loan debt is not just for the young, as parents take on some of the loans for education Data compiled by the Consumer Financial Protection Bureau, suggests that student loan debt has become an elder law issue, according to Financial Advisor in “Student Loan Debts Plague Older Americans.” In 2015, 2.8 million people age […]
Retirement to a warmer state should spark a fresh look at an estate plan. As people near retirement, they often consider relocating to a warmer state but that southern comfort can also have an impact upon an estate plan, according to the Middletown Transcript in “MAKING CENTS: From snowbird to flamingo.” What many people do […]
Conversations rarely are about God, formal religion or jobs that will be missed. A chaplain, who has often visited with the dying, finds that people are more interested in their families and friends than religion, according to a CNN publication “What people talk about before they die.” According to the chaplain, people never talk about […]
Robotic cats may be answer to providing companionship for Alzheimer’s patients. The New York Times discussed a new trend in providing companionship for patients unable to care for real animals in “Therapy Cats for Dementia Patients, Batteries Included.” One way to combat the problem of providing therapy animals to lonely patients with Alzheimer’s disease and […]
Utah case highlights the responsibility of estate executors and personal representatives who have a duty to the estate that could include suing themselves. The Wills, Trusts & Estates Prof Blog discussed a Utah case that involved someone suing themselves and the pursuit of a wrongful death lawsuit in “Case Summary on Suing Yourself as Personal […]
Several of George Michael’s godchildren are expected to receive large inheritances. The estate of George Michael, who passed away on Christmas Day, is beginning to come to light, according to the Daily Mail in “George Michael’s £100M fortune ‘will go to his Godchildren’: Offspring of his celebrity friends could inherit tens of millions EACH after […]
