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Moynihan Lyons PC
Riverside, CA
Estate Planning and Elder Law. For Today. For the Future.
Interests: Estate Planning, Elder Law, Probate, Medi-Cal, Aid and Attendance, Seniors
Recent Activity
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Daughter of founder of Esprit and North Face loses in California. Douglas Tompkins, who founded Esprit and North Face, and his daughter Summer Tompkins Walker did not get along or approve of their respective lifestyles. When Douglas Tompkins passed away in 2015, he did not leave any of his sizeable... Continue reading
Posted 3 hours ago at Moynihan Lyons PC
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Reduction in state budgets prevent proper inspection of funeral homes. The inspection of a Flint, MI funeral home that led to finding 10 decomposing bodies may not be an insolated case, according to ABC News in "Funeral home horrors put spotlight on spotty US regulation." Funeral homes in many states... Continue reading
Posted yesterday at Moynihan Lyons PC
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Residents take the law into their own hands and create hidden pet cemeteries in city. Many people today treat their pets as if they were members of their families and frequently leave their pets inheritances and trusts. These same people often want a traditional burial site for their pets. However,... Continue reading
Posted 2 days ago at Moynihan Lyons PC
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Someone may not be related to the deceased. However, that doesn’t always stop an expense to the estate. Pilar Abel may have had a good incentive to claiming to be Salvador Dali’s daughter such as an honest belief she was related or even the $250 million in the estate. However,... Continue reading
Posted 3 days ago at Moynihan Lyons PC
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Woman was never acknowledged by Lewis, but she feels entitled to a share of his estate. A woman who claimed she was the daughter of Jerry Lewis was never acknowledged by him. He never made an effort to see her, despite her attempt to do so in 1980. However, she... Continue reading
Posted 6 days ago at Moynihan Lyons PC
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The recent death of a TV personality in the U.K. highlights the advantages and disadvantages of the systems. U.K. television personality Bruce Forsyth disliked the British system of estate and gift taxes, so he avoided the situation by leaving everything to his wife who has a full “spousal” exemption from... Continue reading
Posted 7 days ago at Moynihan Lyons PC
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Environmentally friendly approach is the best option for some people. California has recently passed a law that will give its residents another option when it comes to disposing of body, according to Fox News reports "California looks to 'green-ify' death after Brown signs water cremation bill." People are becoming more... Continue reading
Posted Nov 15, 2017 at Moynihan Lyons PC
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If the original reason for insurance stops, there may still be some value to the policy. The New York Times recently reported on potential problems with stopping insurance premium payments in "Wringing Cash From Life Insurance." The most common reason to get a life insurance policy is to provide financial... Continue reading
Posted Nov 14, 2017 at Moynihan Lyons PC
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If the original reason for insurance stops, there may still be some value to the policy. The New York Times recently reported on potential problems with stopping insurance premium payments in "Wringing Cash From Life Insurance." The most common reason to get a life insurance policy is to provide financial... Continue reading
Posted Nov 13, 2017 at Moynihan Lyons PC
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London court rules that trusts created by former Russian senator were created to avoid creditors. A court in London has determined that the trusts created by former Russian senator Sergey Pugachev were fraudulent and set up to hide the fact Pugachev still controls the assets he allegedly took from the... Continue reading
Posted Nov 13, 2017 at Moynihan Lyons PC
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The distribution of your assets as you want them, relies on an up-to-date plan. Most successful business people are aware that they need an estate plan. A recent survey found that 9 out of 10 of entrepreneurs have at least a will, if not more estate planning documents. However, there... Continue reading
Posted Nov 10, 2017 at Moynihan Lyons PC
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Courts are taking a fresh look at what is accepted as a will. An Australian court recently accepted an unsent text message as a valid will, according to Fox News in "Unsent text message OK as valid will, says Australian court." Determining that the will presented to the court is... Continue reading
Posted Nov 9, 2017 at Moynihan Lyons PC
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Many in Sweden follow a process, known as death cleaning, to get rid of possessions before they become part of an estate. Sweden has a tradition that handles the disposal of a lifetime of clutter, according to the New York Post in "Swedish death cleaning is the morbid new way... Continue reading
Posted Nov 8, 2017 at Moynihan Lyons PC
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The Treasury Inspector General for Tax Administration questions how tax audits are chosen. The method the IRS uses to decide on choosing tax returns to be audited, has been called into question by the government official responsible for providing oversight of the agency's processes, according to the Wills, Trusts &... Continue reading
Posted Nov 7, 2017 at Moynihan Lyons PC
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The focus on senior years is often on nursing homes. However, assisted living can be an option. That option must be chosen carefully. Assisted living facilities are often quite expensive and there is a cheaper option as the Motley Fool discusses in "Is Cruise Ship Living a Cheaper Option for... Continue reading
Posted Nov 6, 2017 at Moynihan Lyons PC
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It could be a long time before tax reform passes and it may never happen. Instead of putting off estate planning, it might be wise to plan for the uncertainty of the proposed tax reform, according to the Financial Advisor in "What Your Estate Planning Clients Should Do In Response... Continue reading
Posted Nov 3, 2017 at Moynihan Lyons PC
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While there may not be many assets in Hefner’s estate, there are assets held in trusts. Questions have been raised about whether Hugh Hefner died with little money, because there were few assets in his estate. However, that doesn’t mean he was broke, according to Wealth Advisor in "Hefner Timed... Continue reading
Posted Nov 2, 2017 at Moynihan Lyons PC
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Woman may be last remaining heir for Lamont Buchanan. A woman has come forward, who claims to be an aunt of the late Lamont Buchanan who may have been the inspiration for fictional character Holden Caulfield, according to the Daily Mail in "California woman claims she is only living heir... Continue reading
Posted Nov 1, 2017 at Moynihan Lyons PC
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Estate tax is targeted for repeal which could hurt charities across America. President Trump and most Congressional Republicans are generally in agreement to end the estate tax. However, many others are pointing out that it could hurt charities, according to the Financial Advisor in "Estate Tax Repeal Could Cost Charities,... Continue reading
Posted Oct 31, 2017 at Moynihan Lyons PC
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Don’t do anything with your inherited IRA, until you learn the facts of the laws and regulations. If you are a person who has been named as the beneficiary of an IRA, then you have some decisions to make. They need to be good decisions or it could end up... Continue reading
Posted Oct 30, 2017 at Moynihan Lyons PC
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Lawmakers do not seem to be focused on dealing with the issues before they arise. The Baby Boomer generation is steadily moving toward retirement, seniors are continuing to live longer and the younger generations are going to need to support the country in the next few decades. However, most politicians... Continue reading
Posted Oct 27, 2017 at Moynihan Lyons PC
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Choosing Wisely initiative could prevent a worsening of health outcomes for elderly. A new movement known as Choosing Wisely could change the problem of senior citizens being treated for too many ailments at one time, according to Politico in "Senior medicine: When 'more' isn't better." As people age, they often... Continue reading
Posted Oct 26, 2017 at Moynihan Lyons PC
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Some patients may be better off being allowed to pass away peacefully and with as little pain as possible, when death becomes inevitable. Changes in society, including a growing population of elderly and funding questions has created challenges for the hospice industry, according to Politico in "Hospice in crisis." The... Continue reading
Posted Oct 25, 2017 at Moynihan Lyons PC
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Once the elderly stop driving, they need a new mode of transportation and that may be ridesharing. New companies are working toward finding a solution to the problem of the elderly needing transportation, when they no longer drive their own cars, according to Politico in "Uber, but for Grandma." A... Continue reading
Posted Oct 24, 2017 at Moynihan Lyons PC
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Minimum disbursements can be a problem but not necessarily, if you have an inherited Roth IRA. Because a Roth IRA is subject to the current income tax when contributions are made, the money is not taxed later when it is taken out of the account. This can make inheriting a... Continue reading
Posted Oct 23, 2017 at Moynihan Lyons PC