A recent study suggests that wealthy baby boomers are split about whether to leave their children with inheritances. It also shows that those who do not want to do so are not necessarily being selfish. A recent study by Hearts & Wallets found that Baby Boomer parents are split about whether they should leave inheritances [...]
Canadian widow Peggy Bush received a lot of attention because of the story that she could not get Apple to give up her husband's password. Apple apparently did not like the publicity. You might have heard the story of Peggy Bush, since a lot has been written about her. It is a rather odd tale [...]
An insurance scammer who preyed on elderly people in New York has pleaded guilty to a hate crime for his actions. Financial abuse of the elderly is a big problem in the United States. Scammers often take advantage of unsophisticated elderly people to rob them of their money. In a recent case out of New [...]
The conventional wisdom holds that it is always better to inherit a Roth IRA than a traditional IRA. However, the truth is that which one is better depends on the circumstances. It is easy to understand why most people think it is always better to inherit a Roth IRA than a traditional IRA. Distributions from [...]
Estate executors are entitled to reasonable fees for their work in administering estates. The fees requested by Leona Helmsley's executors test the definition of "reasonable." Leona Helmsley's estate has received lots of attention for the large amount of money she left for her dog, an amount that was later reduced by a judge. What most [...]
Nothing good comes out of failing to update the beneficiaries on your retirement plans, insurance policies and other accounts. Most people have no desire to give their ex-spouses large sums of money years after the divorce. However, as the USA Today explains in "Your ex could get rich if you don't update your beneficiaries," it [...]
An estate case highlights how the Supreme Court's decision legalizing gay marriage will require interpretation of couples' relationship statuses before the ruling took effect. In 2002, Mauricio Leyton and his partner David Hunter had a commitment ceremony. This was a ceremony some homosexual couples used to signify their lifetime commitment when they were not allowed [...]
An estate case highlights how the Supreme Court's decision legalizing gay marriage will require interpretation of couples' relationship statuses before the ruling took effect. In 2002, Mauricio Leyton and his partner David Hunter had a commitment ceremony. This was a ceremony some homosexual couples used to signify their lifetime commitment when they were not allowed [...]
The earlier that Alzheimer's disease is diagnosed the better it is for the patient and family members, but there is currently no way to definitely diagnose the disease while a person is alive. It turns out that the small of urine might hold the key. Researchers, doctors, elder law advocates and elder law attorneys have [...]
Not many people use safe deposit boxes anymore. Some banks are not installing any in their newest branches. If that prevents people from placing their wills in the boxes, then it is a good thing? A recent blog by a South Coast Today writer somewhat laments the decline of safe deposit boxes. The article is [...]