Gerry W. Beyer

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Monday, December 6, 2021

Bunny Wailer’s 13 Children Asked To Do DNA Paternity Test ‘To Benefit From Father’s Will’

The sister of late Bunny Wailer, Donna Livingston-Carridice, is asking the Regga legend’s 14 children to get themselves DNA tested to establish paternity and “access the benefits set out in their father’s will.” 
According to Livingston-Carridice, Wailer’s children have been “harassing the family of the eldest co-executor of Wailer’s estate, Carlton Livingston.” 
Livingston-Carridice stated, 

“The kids have launched a full-fledged attack on Carl’s wife and we, the elder members of the Livingston family, cannot allow this to continue. That is why
Continue Reading Bunny Wailer’s 13 Children Asked To Do DNA Paternity Test ‘To Benefit From Father’s Will’

Many cancer patients have to undergo toxic treatment just so they can spend more time with their loved ones. For some, the toxic treatments kill the cancer and it never comes back. However, for Leslie—and many others—the cancer will make an aggressive return.

After Leslie was diagnosed with breast cancer, she underwent toxic treatment so that she could spend more time with her husband and two young children. Although Leslie was cancer-free for 18 months, “the disease returned with a vengeance” and “fractured her bones and invaded her spinal canal, bathing her brain in malignancy.”

In her final months, Leslie
Continue Reading New California Law Eases Aid-in-Dying Process

Saturday, December 4, 2021

Article: Australia: Lessons from a Reformist Path to Supported Decision-Making

Pier M. Gooding and Terry Carney AO recently published and article entitled, Lessons from a Reformist Path to Supported Decision-Making, Wills, Trusts, & Estates Law ejournal (2021). Provided below is the abstract to the Article:
This chapter reviews Australia’s gradualist approach to implementing the ‘supported decision-making regime’ called for by article 12 of the UN Convention on the Rights of Persons with Disabilities. It critically evaluates statutory and non-statutory supported decision-making developments, the growing stock of conceptual and empirical research on the topic, and policy
Continue Reading Article: Australia: Lessons from a Reformist Path to Supported Decision-Making

Thursday, December 2, 2021

Article: Flesh of My Flesh but Not My Heir: Unintended Disinheritance

Laura Padilla recently published an article entitled, Flesh of My Flesh but Not My Heir: Unintended Disinheritance , Wills, Trusts, & Estates Law ejournal (2021). Provided below is the abstract to the Article:
This article explores issues around property rights, biology and technology.

https://lawprofessors.typepad.com/trusts_estates_prof/2021/12/article-flesh-of-my-flesh-but-not-my-heir-unintended-disinheritance-.html

Articles, Estate Administration, Estate Planning – Generally, Technology, Trusts, Wills | Permalink

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Continue Reading Article: Flesh of My Flesh but Not My Heir: Unintended Disinheritance

Wednesday, December 1, 2021

Article: On Trusts, Angels, Morality and Fusion: Reply to My Critics

Irit Samet recently published an article entitled On Trusts, Angels, Morality and Fusion: Reply to My Critics, Wills, Trusts, & Estates Law ejournal (2021). Provided below is the abstract to the Article:
I am deeply grateful to the four commentators for engaging with my work in a deep and creative manner; tempting such outstanding scholars setting their inquisitive minds unto my work x is the best I could possibly ask for. Their thoughts set me unto new paths that correspond with the present book
Continue Reading Article: On Trusts, Angels, Morality and Fusion: Reply to My Critics

Tuesday, November 30, 2021

Comment of Proposed Department of Labor Regulations on ESG Investing, Prudence and Loyalty

Edward A. Zelinsky (Annie and Morris Trachman Professor of Law, Benjamin N. Cardozo School of Law, Yeshiva University) recently posted on SSRN his article entitled Comment of Proposed Department of Labor Regulations on ESG Investing, Prudence and Loyalty. Here is the abstract of his article:

DOL’s proposed regulations about ERISA’s fiduciary duties of prudence and loyalty weaken the protection of America’s workers and retirees. Accordingly, these proposed regulations should be amended to delete the imprudent, unproven and ambiguous term “ESG,” to add more
Continue Reading Comment of Proposed Department of Labor Regulations on ESG Investing, Prudence and Loyalty

Monday, November 29, 2021

‘James Bond’ actor Daniel Craig says his children won’t be receiving his multimillion-dollar fortune

Daniel Craig, who is known for his legendary role as James Bond, is worth a reported $160 million. 
Recently, Daniel Craig gave his two sense about inheritance. According to Craig, he will not leave much money to his children by the time he dies. Craig stated, “Isn’t there an old adage that if you die a rich person, you’ve failed?” Craig further stated, “I think Andrew Carnegie gave away what in today’s money would be about $11 billion, which shows how rich
Continue Reading ‘James Bond’ actor Daniel Craig says his children won’t be receiving his multimillion-dollar fortune

Sunday, November 28, 2021

Bitcoin, the Blockchain, and How Crypto is Changing Life Insurance and Estate Planning

Over the last few years, there has been an increase in people who obtain crypto assets. So how do cryptocurrencies impact estate planning?

Well, the foremost estate planning concern with crypto assets is “that if no one knows you have it, and you meet your demise, then its gone.” Institutions like Two Ocean Trust are beginning to address these concerns. Two Ocean Trust is reportedly the first institution to offer a comprehensive digital asset wealth management platform.

According to Two Ocean Trust’s CEO
Continue Reading Bitcoin, the Blockchain, and How Crypto is Changing Life Insurance and Estate Planning

Saturday, November 27, 2021

J.R.R. Tolkien estate to ‘JRR Token’ cryptocurrency: You shall not pass

The JRR Token, which rolled out in August, has just been blocked by the estate of English fantasy writer J.R.R. Tolkien.

The “JRR Token” referenced the late fantasy writer as well as the author’s iconic fantasy trilogy “The Lord of the Rings.” The token was released with the tagline, “The One Token That Rules Them All” on its website. The tagline was in reference to the iconic “One Ring that ruled the other magical ‘Rings of Power’ in the tale’s mythology.”

However, when the Tolkien
Continue Reading J.R.R. Tolkien estate to ‘JRR Token’ cryptocurrency: You shall not pass

Wednesday, November 24, 2021

Asia’s Richest Man Looks to Walton Family Playbook on Succession

Asia’s richest man, Mukesh Ambani, has built an empire worth $208 billion. How has he continued to build that empire? Well, Ambani has “studied the ways in which billionaire families, from the Waltons to the Kochs, passed on what they’d built to the next generation. 
Ambani’s succession plan is similar to that of Walmart Inc.’s Walton family and according to people familiar with the matter “could provide the framework for one of the biggest transfers of wealth in recent times.” 
Ambani, his wife Nita, and their
Continue Reading Asia’s Richest Man Looks to Walton Family Playbook on Succession

Tuesday, November 23, 2021

No, stupid: A dog isn’t really selling Madonna’s former Florida mansion

A story has been spread by a plethora of newspapers including the Associated Press and Forbes about a German Shepard named Gunther who inherited Madonna’s former mansion. The story proclaimed that the pooch was selling the Florida mansion for $31 million and had even met with real estate agents. 
We are here to tell you that the story is emphatically not true! According to a source close to the deal, “[t]here is no dog sleeping in Madonna’s former bedroom. . .This is a totally made up
Continue Reading No, stupid: A dog isn’t really selling Madonna’s former Florida mansion

Monday, November 22, 2021

A court battle is brewing over Prince Philip’s will

A debate is taking place in the U.K. following an announcement from the Guardian newspaper in which it stated that it (the Guardian) was “taking legal action over the media’s exclusion from a hearing on Prince Philip’s will earlier this year.”

Andrew McFarlane, president of the High Court’s Family Division, ruled in September that Philip’s will would be sealed for 90 years. Although representatives of the duke’s estate were present, the media was not told about the hearing and were not allowed to attend. Instead, the public
Continue Reading A court battle is brewing over Prince Philip’s will

Sunday, November 21, 2021

Millionaire pooch selling Miami villa once owned by Madonna

Gunther the German Shepard recently had a “meeting with the real estate agents selling his Miami mansion that his handlers bought from Madonna.” 
According to the handlers who manage the estate, Gunther VI inherited a “vast fortune,” which includes the eight-bedroom waterfront home that Madonna once owned, from his grandfather Gunther IV. 
The Tuscan-style villa comes with a view of Biscayne Bay, and went on sale Wednesday for $31 million, which is a major increase in purchase price as Madonna purchased the same home for $7.5 million. 
Continue Reading Millionaire pooch selling Miami villa once owned by Madonna

Thursday, November 18, 2021

Non-Fungible Tokens: What Every Estate Planner Needs to Know

Here is the abstract of an article I recently posted on SSRN entitled Non-Fungible Tokens: What Every Estate Planner Needs to Know:
Your client may own non-fungible tokens (NFTs) and ask you for estate planning advice. Would you be caught off-guard and give your client the classic “deer in the headlights” look? Obviously, that would not be prudent. To make sure this doesn’t happen to you, this article uses a FAQ approach to provide you with the background and information you need so that you will understand
Continue Reading Non-Fungible Tokens: What Every Estate Planner Needs to Know

The Guide, written in clear, concise language with multiple examples, is designed to help attorneys advise their clients on the major changes the Secure Act made regarding retirement distribution rules.
Not only will the Guide assist attorneys in counseling their clients, but it will also help them with their own retirement planning!!!
https://lawprofessors.typepad.com/trusts_estates_prof/2021/11/an-attorneys-introductory-guide-to-the-ira-distribution-rules-under-the-secure-act.html
Continue Reading An Attorney’s Introductory Guide to the IRA Distribution Rules Under the Secure Act

Tuesday, November 16, 2021

Asymmetrical Conservatorship Litigation

Typical litigation involves a symmetrical relationship in which each party pays its own attorney fees and the parties equally face the possibility of “financial exhaustion.” However, in conservatorship litigation, the conservatee often must pay the attorney fees of all of the parties involved in the litigation.

This asymmetric relationship that occurs in conservatorship litigation can “subject the conservatee to collectively imposed financial ruin.” According to John H. Sugiyama, “[c]onservatorship litigation thus cries out for early neutral evaluation followed by mediation.”

Due to the array of burdens imposed and sources of conflict, imposition of
Continue Reading Asymmetrical Conservatorship Litigation