Estate planning is a dry and dull subject. However, the family dynamics and transactions of celebrities bring issues involving estate planning before society as a whole. The deaths of Michael Jackson, Catherine Hepburn, singer Don Ho and the problems involved in their estates have been in the news in the past few years. The problems encountered by … [Read more...]
When You (Or a Loved One) May be Entering a Nursing Home…
If you, a spouse, or parent think that you may need the services of a nursing home in the near future, you should know that there are some things you can do to plan for this possibility and help maintain some of the person's assets. Nursing homes can be very expensive. Residing on one can deplete $9,000 to $12,000 per month from one's assets on a … [Read more...]
Leaving 5-8 Billion to Take Care of Dogs? Not So Fast…
Eric Penzer, at the New York Trusts & Estates Litigation Blog, posted the newsthat the New York County Surrogate ruled last week that Leona Helmsley's 5-8 billion dollar Charitable Trust need not limit its beneficience to dogs. Ms. Helmsley had already tried to leave 12 million dollars, from her Will, to a trust for her dog's benefit. But … [Read more...]
