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March 2014 Archives

Parents linger in dispute over remains, belongings of son

The parents of a young man who was killed in a car crash remain locked in litigation more than four years after the date of the accident, arguing over what should be done with their son’s ashes and his personal belongings. The litigation continues in part because the young man had no final will and testament at the time of his passing and in part because the divorced couple is unable to agree on any single point in the dispute.

Sew the seeds of peace with a fully funded trust

Perhaps the number one rule in estate planning: put it in writing. If you're an asset owner or a potential heir, it is never a good idea to rely on verbal promises in matters of estate planning. Case in point: the estate of Marlon Brando. The famed actor died in 2004, and by 2009, two dozen legal disputes had erupted around his estate.

Family’s dispute over inheritance nears end of trial

A trial over a contested will that began back in September is finally nearing its end as the final witness took the stand this week. The trial is over the two versions of a will executed by a man who owned and operated Hudson News stands, which many readers have seen in airports around the country.

Estate planning for your art collection

Creating an effective estate plan is a multi-part process, starting with taking an accounting of all of ones assets and setting goals and objectives for what those assets will do for the next generation. This can be a complicated first step, since most of us would rather not imagine what happens after our death. However, setting objectives is a helpful way to start crafting an estate plan since an experienced professional can help figure out what methods of asset transfer will be most effective in achieving those goals.

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