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Profit Law Firm
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Despite his higher than average personal wealth, there are significant challenges to making sure that all of Stephen Paddock's victims are properly compensated. It still is not clear why Stephen Paddock decided to commit mass murder by shooting at Las Vegas concert goers from his hotel window. He was relatively... Continue reading
Posted yesterday at Profit Law Firm
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Tennessee woman sets a new world record. A Tennessee woman has recently broken the record for successfully birthing a baby from an embryo that was frozen 24 years ago, according to CBS Baltimore in "Woman, 26, Has Baby Born From Record Breaking 24-Year-Old Frozen Embryo." That is the longest time... Continue reading
Posted 4 days ago at Profit Law Firm
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Postal worker leaves package on doorstep during Christmas season and the package is stolen. A thief in Arizona stole a package that contained the cremated remains of an Arizona woman's father rather than a Christmas present, according to Fox News in "Ashes of woman's father stolen from front porch of... Continue reading
Posted 5 days ago at Profit Law Firm
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Estate planning faces a challenge, if death is not a certainty. Cryogenics could create challenges for tax authorities and estate planners, according to Wealth Management in "Do Zombies Pay Taxes?" One of the bigger questions is how the estate of a person who dies and is expected to come back... Continue reading
Posted 6 days ago at Profit Law Firm
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Many in survey would choose death over moving to a nursing home. A new survey reveals that 61% of Americans would rather pass away than go to a nursing home, according to Financial Advisor in "Older Americans Would Rather Die Than Live In a Nursing Home." This creates a lot... Continue reading
Posted 7 days ago at Profit Law Firm
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It might be wise to take a fresh look at your estate plan for new options. Many estate plans will need to be changed to take advantage of the new tax laws, according to the Wills, Trusts & Estates Prof Blog in "A Gift from the New Tax Act: Kill... Continue reading
Posted Jan 15, 2018 at Profit Law Firm
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A Wisconsin man signed his entire family up to have their bodies frozen when they pass away, in the hopes that they can be brought back to life at a later date. There have always been people who dream about living forever. There is something about the idea of not... Continue reading
Posted Jan 12, 2018 at Profit Law Firm
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People who have substantial assets in more than one nation, might need more than one will to have an effective estate plan. Ordinarily people only have one will. They cannot have more than one. If they create a second will, then the first will is no longer valid. This principle... Continue reading
Posted Jan 11, 2018 at Profit Law Firm
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It is looking increasingly likely that next year Congress will take up reform to entitlement programs. The U.S. has some political junkies who follow everything that goes on in Washington D.C. all the time. However, for the vast majority of Americans, politics is preferably just done every four years. Presidential... Continue reading
Posted Jan 10, 2018 at Profit Law Firm
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Republican tax plans have some people with disabilities worried. For parents and grandparents of those people with disabilities, it suggests that a special needs trust is more important than ever. The ramifications of the new Republican tax reform for individual Americans are still being assessed. Some people will pay lower... Continue reading
Posted Jan 9, 2018 at Profit Law Firm
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Estate laws have not kept pace with all of the latest technological ways that help people have children today. That means that you should have an estate plan that covers them. The average family today looks a lot different than just a few years ago. Many couples do not stay... Continue reading
Posted Jan 5, 2018 at Profit Law Firm
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David Cassidy is the latest deceased celebrity to have cut one of his children out of his will. David Cassidy was once a well-known figure, who starred on the TV show "The Partridge Family" and had many adoring teenage fans of his music. Many people still recognize his name. However,... Continue reading
Posted Jan 4, 2018 at Profit Law Firm
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I f you move to another state, you should review your estate plan to make sure that it will still work. Americans often move from state to state, especially after they retire. The laws in most states are similar. However, there are sometimes minor differences that can have a big... Continue reading
Posted Dec 29, 2017 at Profit Law Firm
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It is important that you make plans for what will happen to your family and your possessions after you pass away. It is also important to plan for what will happen to them, if you are incapacitated. You might be aware that you need a will or a trust, so... Continue reading
Posted Dec 28, 2017 at Profit Law Firm
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Many elderly people face gigantic medical bills for hospital stays because of how they are classified by the hospital. This makes a big difference in how much Medicare will pay. When an elderly person has an extended stay in the hospital, they are almost always under the impression that Medicare... Continue reading
Posted Dec 27, 2017 at Profit Law Firm
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Most funerals are boring affairs that do not do justice to the vibrant personalities of the deceased. Coffin clubs seek to change that. The phrase "coffin club" might invoke some sort of club for people who like to pretend they are vampires. That is not what coffin clubs are. Coffin... Continue reading
Posted Dec 22, 2017 at Profit Law Firm
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If your children inherit your retirement accounts, they will have a few options about what to do with them. Most people designate their spouses as the beneficiaries of their retirement accounts after they pass away. Consequently, the surviving spouse then becomes the owner of the accounts and can use the... Continue reading
Posted Dec 21, 2017 at Profit Law Firm
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The estate of an unknown woman has won the ability to pursue a claim to her copyrights. Vivian Maier was never a well-known person during her lifetime. She sometimes worked as a housekeeper and as a nanny. She did not even always use the same name when seeking employment. By... Continue reading
Posted Dec 20, 2017 at Profit Law Firm
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It might not seem intuitive. However, if you make plans for your death, you can sometimes live a better life. People do not ordinarily engage in “death” planning. We tend to think there might be something wrong with people who do. We might think they are overly morbid, if not... Continue reading
Posted Dec 19, 2017 at Profit Law Firm
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Wealthy people have so many different advisors for different aspects of their lives, that it is often a good idea to hire someone who can coordinate all of them and keep them on the same page. If you have a lot of money, it is likely that you pay a... Continue reading
Posted Dec 15, 2017 at Profit Law Firm
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Educational costs have risen so high, that accumulating the money to pay for a child or grandchild to attend college can take years. There are a few different ways to do it. You might have heard the nightmare stories about people with college degrees who end up owing more than... Continue reading
Posted Dec 13, 2017 at Profit Law Firm
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The Duke of Windsor's will has been sealed since his death in 1972. The will of the man once known as King Edward VIII has been ordered unsealed, so copyrights can be determined for a television show. It is considered one of the biggest acts of romantic love in modern... Continue reading
Posted Dec 13, 2017 at Profit Law Firm
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If you do not have a will, it might be assumed that your assets will go to your spouse or children. But you might very well be wrong. For centuries the only people who bothered to make detailed estate plans were the wealthy. Most people had very few assets and... Continue reading
Posted Dec 12, 2017 at Profit Law Firm
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Every year wealthy people give money to the endowment funds of colleges and universities. What happens to the money, when a school closes its doors for good is complicated. Some big name schools have gigantic endowment funds. Schools like Harvard and Yale have many wealthy alums who are happy to... Continue reading
Posted Dec 11, 2017 at Profit Law Firm
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Estate planning used to focus almost exclusively on making sure that loved ones received inheritances. Today, it is increasingly including planning for pets. Continue reading
Posted Dec 11, 2017 at Profit Law Firm