LARRY KING LEFT LOTS OF QUESTIONS BEHIND

LA Times – Larry King’s handwritten will complicates the fight over talk-show host’s estateFebruary 16, 2021 Larry King was famous for saying he never researched or prepared for an interview with a guest. He just let it happen. That may work for a TV interview but it’s a recipe for disaster when it comes to leaving our things and financial …

COVID or No COVID – It’s Important to Plan

This Doctor says it as well as I’ve ever seen it – “So many of us have intentions of one day writing out our plans and instructions for end-of-life care, but most of us put that task off, for when we’re older or sicker. But the truth is, none of us knows when we will die…just because something was previously …

Planning & Post-Its – Leaving A Nightmare for Friends & Family

Tony Hseih, the force behind Zappos.com, recently died in a fire in Connecticut. He was worth many, many millions of dollars. Generally not a problem most of us will have but like many of us, he did not have any plan in place for his incapacity and passing. He survived for a number of days after being rescued from the …

Trusts – Traps with Irrevocable Trusts

Trusts – yes most of us should have one. It is not something only for the super-wealthy. A trust allows us to build our own vault and privately, set the terms and conditions under which assets in that vault are distributed to the people of our choosing (beneficiaries) after a certain event happens. Trusts are either revocable or irrevocable. With …

Estate Plans and “Expectations” of the Heirs

“The death of a loved one will almost always illicit any repressed feelings, [feelings of greed, entitlement], and grudges held by [the children and other] heirs [causing those feelings] to come front and center, which is usually a recipe for disaster as far as the disposition of that loved one’s estate.”1 Heirs may have the idea that if a will …

Fair ≠ Equal in Estate Planning

When it comes to determining what assets get left to which beneficiary (child, friend, sibling, niece, nephew, etc.). I often hear one of two things… “I want to give equally to my beneficiaries,” or “I want to be fair in how I distribute my assets.” Equal means just that – Party A gets $000, Party B gets $000…and so on. …

PACK A BAG – COVID 19 PREPAREDNESS

Perhaps you haven’t thought about the emergency bag at the door since your last baby. In our current environment, if we have, or think we have COVID-19, we may need to leave for the hospital immediately. It’s always better to have your own things with you and to be prepared, especially now as medical resources are so thin. A fellow …

It’s Not About The Money – We All Need A Plan

We are going through a very trying time as a result of the COVID-19 pandemic…exacerbated by some of the most volatile markets seen since 1987. Many of us have dusted off work contingency plans, (working from home) and are receiving new contingency plans from our schools (colleges) or our children’s schools. The goal of these plans is to have a …

Estate Planning – How to divide up the “stuff” without going all ‘Corleone’

In working with clients, we (attorneys) are generally focused on the financial assets. These assets are usually easy to value and easy to quantify when a client says they want to be “fair,” in dividing those assets among the beneficiaries. What about the “tangible personal property” a/k/a “the stuff”?” This includes things like Mom’s Christmas platter, a ceramic turkey that …

Caring For Aging Parents, Kids & Oh, Ourselves Too…

Hey, the kids are almost all out of the house…now it’s OUR time…well maybe not. Phew, we’re out of diapers and baby monitors, now we can relax, get a good night’s sleep, “un-childproof” the house…well maybe not. Often, we now become the caretakers for an aging parent. We are part of the “new and invisible workforce…15+ million unpaid and untrained …