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November 2012 Archives

Pennsylvania sees increase in estate planning due to gas and oil

After discoveries of "wet gas," a more valuable substance than "dry" gas, as it is a combination of methane and other components, in the Utica Shale regions of Pennsylvania and eastern Ohio, estate planners have seen an increase in landowners with gas and oil interests. Taking on oil and gas interests can be a sound investment, if handled property. Additionally, handing over such interests must be taken care of with great care due to the amount of financial interest there can be in these assets.

Philanthropic estate planning becoming popular

Financial planners are noting that there has been a recent rise in "spiritual" estate planning among baby boomers, who are seeking to ensure that their personal convictions are reflected in their wills and trusts. In the last year, according to nonprofit Charity Navigator, charities have seen a 19 percent rise in bequests.

Estate planning lessons from Lucas-Disney deal

In a recent business move that shook the galaxy, Star Wars creator George Lucas sold his company, LucasFilm, to Disney for $4.05 billion in cash and stock. Experts say that by making this move now, Lucas, aged 68, has saved his family the difficulty of dealing with his empire after his death. Lucas' interest in philanthropy may also have played into the deal, as having the company off his plate may enable him to focus more on this aspect of his life and wealth. This foresight in estate planning is a great example of how to manage an estate sooner rather than later and getting the most out of it for everyone involved.

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