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Metro Estate & Business Law, PLLC
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In a bizarre case of elder abuse, an elderly man from Los Angeles was flown to the U.K. and abandoned in a parking lot. In November of 2015, an elderly man was found in a parking lot in the U.K. He had dementia and authorities were not able to immediately... Continue reading
Posted May 15, 2017 at Metro Estate & Business Law, PLLC
If you would like to help find cures for a wide-range of common diseases, one of the easiest things that you might be able to do so is to make arrangements to donate your brain to science after you pass away. Scientists hope that someday they might be able to... Continue reading
Posted May 10, 2017 at Metro Estate & Business Law, PLLC
Retiring in a foreign country is increasingly attractive to Americans. Those who would like to consider doing so, need more of a plan than they might think. Statistics show that older Americans are choosing to live out their retirement years in foreign countries. For example, more people receive Social Security... Continue reading
Posted May 9, 2017 at Metro Estate & Business Law, PLLC
Plans to repeal the estate tax could run up against a barrier in Congress, since the revenue would need to be made up elsewhere. Even though Republicans have majorities in both houses of Congress, it might still be difficult for them to repeal the estate tax as they have long... Continue reading
Posted May 8, 2017 at Metro Estate & Business Law, PLLC
Caregiving for an elderly relative is something that the majority of Americans think they will eventually have to do. However, most are not prepared for how much it could cost them. In a recent survey, 40% of American's responded that they are caregivers and another 20% reported that they believe... Continue reading
Posted May 5, 2017 at Metro Estate & Business Law, PLLC
Sen. Chuck Grassley has recently predicted that Congress will likely pass the Elder Abuse and Prevention Act this year. For several years now, elder law advocates have been pushing Congress to pass legislation to help prevent elder abuse in the U.S., which statistics show is a growing problem. Despite no... Continue reading
Posted May 4, 2017 at Metro Estate & Business Law, PLLC
Exactly what happened on the night that Miami Marlins pitcher Jose Fernandez and two other men passed away is not clear, but that has not stopped the other men's families from suing Fernandez's estate. When the news broke that Miami Marlins star pitcher Jose Fernandez passed away, the outpouring of... Continue reading
Posted May 2, 2017 at Metro Estate & Business Law, PLLC
Those who do not have estate plans, are making a risky bet that nothing will happen to them and that they will have time to make plans later. It is commonly assumed that people delay getting estate plans because they prefer not to think about their own deaths, they think... Continue reading
Posted May 1, 2017 at Metro Estate & Business Law, PLLC
The ongoing estate tax battle between the IRS and the estate of Michael Jackson has been going on for years and the sides are still very far apart. Michael Jackson passed away about eight years ago. That is a long time to figure out the value of his estate for... Continue reading
Posted Mar 9, 2017 at Metro Estate & Business Law, PLLC
Over the next few decades, the largest transfer of wealth from one generation to another will occur. Are you prepared? Imagine that you had a $3.2 trillion estate. Imagine that you were about to give all of it to someone else. Did you prepare to mitigate the taxes that transfer... Continue reading
Posted Mar 8, 2017 at Metro Estate & Business Law, PLLC
Some celebrities retain enormous popularity long after they have passed away. A strange piece of Marilyn Monroe memorabilia is about to go up for auction that proves that she still has her star power. Images of Marilyn Monroe are still used by companies to sell their products, even though she... Continue reading
Posted Mar 7, 2017 at Metro Estate & Business Law, PLLC
New data has revealed that it is now more costly for families to care for elderly parents than it is for them to raise children. Everyone knows that kids are not cheap. To raise a child from infancy to high school graduation puts enormous strains on families. New government data... Continue reading
Posted Mar 6, 2017 at Metro Estate & Business Law, PLLC
An Oscar nominated movie has brought to many parents' attention, the uncomfortable question of what will happen to their children after they pass away. Imagine that your brother has recently passed away and you are notified that you have been named as the guardian of your brother's teenage son. Acting... Continue reading
Posted Feb 24, 2017 at Metro Estate & Business Law, PLLC
The Houston probate judge who oversaw the probate of J. Howard Marshall's estate, better known as the Anna Nicole Smith case, had dealt with for 20 years, finally got fed up and recused himself. Family disputes over wealthy estates can go on for a long time. If the stakes are... Continue reading
Posted Feb 23, 2017 at Metro Estate & Business Law, PLLC
As more Americans are living longer, more and more of them rely on caregivers for assistance. However, that takes a toll on the pool of available caregivers and there is a dwindling supply of them. For any job to get done, there must be people able and willing to do... Continue reading
Posted Feb 14, 2017 at Metro Estate & Business Law, PLLC
Thanks to economic recovery, it is expected that charitable donations will increase in the next two years at a much greater rate than they have in the recent past. During a recession, one of the industries that suffers most is charity. When people are worried about their own finances or... Continue reading
Posted Feb 13, 2017 at Metro Estate & Business Law, PLLC
An estate case in New York shows how families can be tempted to fight over estates especially when millions of dollars are involved. In 2016 Brooklyn District Attorney Ken Thompson lost his battle with cancer. He was survived by his wife, two children and his mother. Thompson's mother, Clara Thompson,... Continue reading
Posted Feb 8, 2017 at Metro Estate & Business Law, PLLC
Generous and anonymous donors have contributed enough money to keep an elderly woman from having to leave the facility where she is comfortable. For the past three years Carrie Rausch, 108, has resided in an assisted living facility. She remains active and is comfortable in the facility. However, living such... Continue reading
Posted Feb 7, 2017 at Metro Estate & Business Law, PLLC
When a spouse passes away, having some difficulties is to be expected. With planning, those difficulties can be limited to emotions and not finances. Upon losing a spouse one of the biggest problems people often face is understanding and handling family finances. This is a particularly acute issue for many... Continue reading
Posted Feb 6, 2017 at Metro Estate & Business Law, PLLC
The details of director Curtis Hanson's will have been revealed. He left plenty of assets for his family. Film director Curtis Hanson passed away from an apparent heart attack in September. He left behind a long-time partner, Rebecca Yeldham, and their 12-year-old son. Some of the details of his estate... Continue reading
Posted Nov 29, 2016 at Metro Estate & Business Law, PLLC
The estate of Prince has reportedly rejected an offer from rapper Jay Z to purchase the rights to Prince's unreleased recordings. It also hinted at a possible lawsuit against Jay Z. That the recently departed musician Prince did not have an estate plan has left his estate in a bind.... Continue reading
Posted Nov 28, 2016 at Metro Estate & Business Law, PLLC
After successfully defending multiple cases that questioned his mental competency, Sumner Redstone has filed a lawsuit claiming he is mentally incapacitated. Within the last year 93-year-old media mogul Sumner Redstone has faced lawsuits brought by an ex-girlfriend, a granddaughter and the former CEO of his company Viacom. The lawsuits share... Continue reading
Posted Nov 22, 2016 at Metro Estate & Business Law, PLLC
A probate court in Connecticut has reached a ruling determining whether some of Maurice Sendak's book collection will remain in a Philadelphia museum or be returned to his estate. The Rosenbach Museum and Library in Philadelphia had housed many original drawings and books owned by Maurice Sendak the author of... Continue reading
Posted Nov 21, 2016 at Metro Estate & Business Law, PLLC
The late comedian Robin Williams' children donated some of his favorite bicycles to raise money for charities that he supported. When Robin Williams passed away most experts expected that his estate would go smoothly. It appeared the comedian had done all of his estate planning correctly. He provided for both... Continue reading
Posted Nov 18, 2016 at Metro Estate & Business Law, PLLC
The extremely wealthy often struggle over whether or not they should leave their entire fortunes to their children. Bill Gates says that he will not be doing so. Extremely wealthy people who earned all of their assets for themselves face a dilemma. They started out with little and were motivated... Continue reading
Posted Nov 17, 2016 at Metro Estate & Business Law, PLLC