In the early 1990s, Pierson Tyler-Leonard found solace in a rundown walk-up on Rivington Street in the Lower East Side of New York City. He first shared the apartment with Robert Riggs, who was famously convicted of the notorious murder…
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Wills, Trusts & Estates Prof Blog
Latest from Wills, Trusts & Estates Prof Blog - Page 38
Remembering ‘The Day The Music Died’ & Other Musicians Who Have Died In Plane Crashes
Sixty five years ago, on February 3, 1959, Buddy Holly, Ritchie Valens, and J.P. “The Big Bopper” Richardson died in a plane crash in Iowa, a tragedy memorialized as “The Day the Music Died.” The night before, they had given…
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Canada Delays Plans To Euthanize Mentally Ill People But Not Because It’s An Insane Plan
The Canadian government’s plan to allow euthanasia for the mentally ill has faced a setback, with Health Minister Mark Holland citing the unpreparedness of the healthcare system. Critics argue that the idea of euthanizing the mentally ill is grotesque and…
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Happy National Unclaimed Property Day
The National Association of Unclaimed Property Administrators first began celebrating National Unclaimed Property Day in 2021. Approximately 1 in 10 Americans have unclaimed property, totaling nearly 33 million people. The initiative aims to raise awareness and reunite individuals with their…
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Man posed as funeral director to steal life insurance money, police say
Two individuals, Javian Major, and Sandy Broussard, are accused of posing as funeral directors to steal life insurance money from grieving families. The victims, including Anita Thomas, Shatammiz Hicks, and Selena Devereaux, expressed outrage at the alleged scams. Major was…
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‘It Happens More Than We Would Like’: What to Know About Divorce if You’re Wealthy
There is an increasing trend of managing marriage relationships with the possibility of a future divorce in mind, and is especially prevalent among wealthy couples. Geller & Co., a New York-based multi-family office firm, released a report advising wealthy couples…
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Jay Leno Files for Conservatorship Over Wife Mavis’ Estate After Dementia Diagnosis
Jay Leno has filed for conservatorship for his wife, Mavis, who has been diagnosed with dementia. He initiated the conservatorship to establish a living trust for her future care in case of his death. In the filing, Leno mentioned that…
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Government warns funeral homes to stop misleading bereaved customers about pricing
The Federal Trade Commission (FTC) has warned 39 funeral homes in the United States of potential penalties if they fail to provide accurate pricing information to customers. The FTC conducted an undercover phone sweep of over 250 funeral homes and…
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AI George Carlin Just Dropped A Comedy Special. The Estate Isn’t Too Happy About That.
Comedians Will Sasso and Chad Kultgen are facing a lawsuit from the estate of George Carlin for using artificial intelligence (AI) to create a comedy routine imitating the late comedian. The special, titled “I’m Glad I’m Dead,” was released on…
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Article: Qualifying for Long-Term Care Insurance
Don Levin (Krause Financial) recently published, Qualifying for Long-Term Care Insurance, ABA Bifocal Vol. 45 Issue 1, 2023. Provided below is an Abstract: When they hear the term long-term care, most people think of a nursing home—a place most want…
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Retirees Flocked to Florida, South Carolina in 2023, Report Says
In 2023, there was a significant increase in retirement relocations, with over 338,000 Americans moving to retire. This marks a 44% rise from the previous year. Contrary to expectations, these retirees had higher incomes, with a median household income of…
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Vermont Becomes Latest State to Propose Wealth Taxes
Vermont lawmakers are proposing new legislation to impose taxes on the state’s wealthiest residents, aligning with a national campaign led by Democrats to address post-pandemic budget challenges. One proposal targets individuals with more than $10 million in net worth, taxing…
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Article: Is Estate Planning Ethical In An Increasingly Inequitable World
Harry S. Margolis (Margolis Bloom & D’Agostino) recently published, Is Estate Planning Ethical In An Increasing Inequitable World?, ACTEC Law Journal, VOLUME 49, Number 1, Fall 2023 (pub 1/24). Provided below is an Abstract: It’s hardly news that over the…
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‘Composting grandpa’ bill moves through Arizona Legislature
State lawmakers in Arizona are considering a bill that would legalize natural organic reduction, also known as human composting, as an alternative to cremation and burial. This process uses microbes to break down the body over several weeks, resulting in…
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Article: Citizenship and Solicitude: How to Overrule Employment Division v. Smith and Washington v. Davis
Christopher R. Green (University of Mississippi School of Law) recently published, Citizenship and Solicitude: How to Overrule Employment Division v. Smith and Washington v. Davis, Harvard Journal of Law and Public Policy, Forthcoming. Provided below is an Abstract: This article…
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For older women with money, it’s yes to love but ‘I don’t’ to marriage
There is a growing trend among older women, particularly those with financial independence, to choose not to marry. Despite maintaining romantic relationships, many women, including widows, divorcées, and professionals with substantial wealth, are unwilling to merge their assets through marriage…
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