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Linda Solash-Reed
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In what is shaping up to be one of the strangest recent celebrity estate cases, Alan Thicke's widow has won against his sons in an initial battle. When an estate has a lot of assets, it is not unusual for stepparents and stepchildren to fight over it. Sometimes it does... Continue reading
Posted yesterday at Orlando Estate & Elder Law
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The details of Jerry Lewis' will have been released. He chose to explicitly cut out his six sons. Jerry Lewis was a legendary comedian, but his family life appears to have been no laughing matter. He had six sons with his first wife whom he married in 1944 and divorced... Continue reading
Posted 2 days ago at Orlando Estate & Elder Law
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Far fewer Americans are saving for retirement than most policy experts would like. Even those who do save some, do not save nearly enough to meet their expected retirement needs. One of the reasons companies were encouraged to switch from offering pensions to offering their employees 401(k)s, was that it... Continue reading
Posted 3 days ago at Orlando Estate & Elder Law
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One of the primary benefits of life insurance is that it is supposed to pay out immediately after the insured passes away. However, that cannot be done, if it is not clear who the beneficiary should be. Life insurance can be used in estate planning for several reasons. One of... Continue reading
Posted 4 days ago at Orlando Estate & Elder Law
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Some people request that their ashes be spread at places that have sentimental value for them. However, that can be a problem when the request is to spread those ashes in an inappropriate place, such as Disneyland. The Disney theme parks receive thousands of visitors every year. It is not... Continue reading
Posted 7 days ago at Orlando Estate & Elder Law
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One of the more difficult and important things to plan for in an estate, is how any copyrights will be passed along. Copyright law is often opaque and not well known to the general public. Most people have no idea what exactly it is that copyrights protect, how they are... Continue reading
Posted Oct 12, 2017 at Orlando Estate & Elder Law
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The estates of some early Bitcoin adopters have accidentally lost millions of dollars in virtual currency, merely because no one knew that the deceased had the property. Crypto currencies, also known as virtual or digital currencies, are becoming increasingly popular. Billions of dollars in various currencies are owned by people... Continue reading
Posted Oct 11, 2017 at Orlando Estate & Elder Law
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One of the big issues for elderly people and their families, is when it is time for an elderly person to stop driving out of fear for their safety and the safety of others. When people get older, they gradually lose the quick reflexes they had in their youths. People... Continue reading
Posted Oct 10, 2017 at Orlando Estate & Elder Law
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One issue animating the debate over the estate tax, is who it is that actually pays the tax. One White House advisor reportedly has a colorful answer for that. One of the many changes that President Trump would like to see in the federal tax code is the elimination of... Continue reading
Posted Oct 9, 2017 at Orlando Estate & Elder Law
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The city of Wilmington, DE continued to send a woman pension benefits for two decades after she passed away. When someone passes away, it should be obvious that he or she is no longer eligible for pension payments, whether those payments come from a former employer or from Social Security.... Continue reading
Posted Oct 6, 2017 at Orlando Estate & Elder Law
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Many people make an estate planning mistake, by giving their homes to their children to avoid probate. People who have heard horror stories about the probate process almost always want to avoid probate in their own estates. There are good and bad ways to do that. One common bad way... Continue reading
Posted Oct 5, 2017 at Orlando Estate & Elder Law
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If you do not take the required minimum disbursements out of your retirement accounts annually, you could face stiff tax penalties. Some people do not understand the bargain that is made with the government, at the time that they put money into their retirement accounts. For qualified accounts, money can... Continue reading
Posted Oct 4, 2017 at Orlando Estate & Elder Law
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As Congress debates President Trump's promised tax reforms, including eliminating the estate tax, it is proving difficult for the administration to bring everybody together on an agreement. In case you were not paying attention this spring, as Congress debated repealing Obamacare, a review of the process that unfolded over health... Continue reading
Posted Oct 3, 2017 at Orlando Estate & Elder Law
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As Congress debates tax reform, one of the more popular ways to avoid capital gains taxes is potentially on the chopping block. However, if that happens, there are other options. One of the reasons people purchase homes is that the price of real estate almost always goes up. The home... Continue reading
Posted Oct 2, 2017 at Orlando Estate & Elder Law
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There is a lot to do when first preparing for college. One of those things that should be done is to visit an estate planning attorney to get a power of attorney drawn up. It might seem a little strange or even morbid to suggest that new college students should... Continue reading
Posted Oct 1, 2017 at Orlando Estate & Elder Law
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As funerals continue to get more and more expensive, people are looking for ways to make them cheaper for themselves. In Japan, there is now a new option that might eventually make its way to the U.S. You do not need to look very far to find discussion of a... Continue reading
Posted Sep 30, 2017 at Orlando Estate & Elder Law
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Assisted living facilities come in all different sorts of varieties to meet the income of different groups of the elderly. The wealthy will soon have facilities especially for them. Assisted living facilities are not inexpensive for most people. Whatever amount of money an elderly person has, there is most of... Continue reading
Posted Sep 29, 2017 at Orlando Estate & Elder Law
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While Americans wait to see what Congress will do with tax reform, the Secretary of the Treasury's wife might have imperiled some planned reforms. Millions of Americans are currently keeping their estate and financial plans in a sort of limbo. They are waiting to see what tax reforms will come... Continue reading
Posted Sep 28, 2017 at Orlando Estate & Elder Law
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IRS data shows that wealthy Americans over the age of 80 have as much wealth as those younger rich people under 50. It is to be expected that older people, on average, have more money than younger people. A long life makes for more time to generate and grow wealth.... Continue reading
Posted Sep 27, 2017 at Orlando Estate & Elder Law
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Before you decide to purchase a do-it-yourself will, there is one question that you need to ask yourself. How confident are you that you will not make a mistake? If you were asked to perform minor surgery on yourself, you might not be too confident that you could do so... Continue reading
Posted Sep 16, 2017 at Orlando Estate & Elder Law
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Many Americans who are entering retirement age today are having to stay in the workforce longer than they hoped, because they face the unexpected expenses of having to care for their elderly parents. The average American who lives to retirement age today is living much longer than people used to... Continue reading
Posted Sep 15, 2017 at Orlando Estate & Elder Law
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Britney Spears might seem like a strange choice for you to emulate in making your estate planning decisions, but it might be a good choice. Britney Spears is not known for the making the wisest decisions. She has proven to be so poor at decision-making, that she has court-appointed conservators... Continue reading
Posted Sep 14, 2017 at Orlando Estate & Elder Law
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Life insurance can be an important estate planning tool. If you use it, you need to make sure that you are being honest with the insurance company, or you and your family could possibly be charged with fraud. Life insurance can be extremely convenient. If you are in good health,... Continue reading
Posted Sep 13, 2017 at Orlando Estate & Elder Law
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Jerry Lewis recently passed away. Even though he owned all the rights to his most famous movies, his estate might be worth much less than people would expect. Comedian Jerry Lewis was particular about the legacy of his life's work on camera. He purchased all of the rights to his... Continue reading
Posted Sep 12, 2017 at Orlando Estate & Elder Law
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To have an otherwise valid will thrown out of probate court, it is normally necessary to prove that someone unduly influenced the testator to write the will in his or her favor. That can be difficult to prove, but it is not impossible. In estate law, wills are assumed to... Continue reading
Posted Sep 8, 2017 at Orlando Estate & Elder Law