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June 2013 Archives

Trusts help provide parental guidance even after we're gone

During our lives, we are there for our children whenever they need us. It is our job to guide them and exert control when necessary. We teach them life lessons. We give them advice when they are making a big decision. We give them emotional support during a difficult experience. Yes, we even give them financial help in some situations. What happens when we are gone? 

Exploitation of seniors a problem doctors want to help diagnose

The truth is that in many cases the administration of an estate can leave some actual or even expectant beneficiaries dissatisfied with their inheritance. Some beneficiaries may think that their inheritance is too small, someone else's was too large or that the gifts made in the will simply don't make sense.

Beneficiary blunder leaves ex-wife with unintended benefit

We recently wrote about life insurance policies in our Pennsylvania Probate and Estate Blog. Warnings were given in relation to beneficiary designations and the possibility of unintended consequences. For instance, naming a minor child could cause problems because insurance company policy often prohibits direct distribution to minors.

Is The Giving Pledge a way to avoid conflict?

Warren Buffett has made it clear that his frugal nature has helped contribute to his extreme level of wealth. It is often a surprise to learn that despite his billions, he still lives in a house that he purchased years ago for somewhere around $30,000. 

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