You know you need life insurance to protect your loved ones. But do you know that having a will is equally important to protect against risks? Without a will, your family faces a number of potential financial disasters. If you think you don’t need a will because you aren’t wealthy…
A woman’s suit to contest her father’s decision to give his estate to a not-for-profit failed, as his will was found to be valid. The family’s split over religion was never resolved, and there are no winners here. A panel of three judges upheld a previous ruling that Stacy Wolin…
Passing your home to your heirs can occur in a number of ways, depending upon your situation and your family. It’s not a do-it-yourself project—even in the simplest cases. If you own a home and want to leave it to your loved ones, there are steps you need to take…
Houston Millennials have a different perspective about love, money and family. Boomers have taught their children well. While nearly three quarters of boomers see a gift of money as an expression of love, according to a recent survey, their children don't see things the same way. These different values have…
If you expect to inherit assets from a successful parent, hope that they do not have a double life that involves criminal behavior. Property used to commit a crime or assets purchased with the profits of a criminal act are subject to civil forfeiture by government offices. If the person…
Unlike previous generations, the baby boomers are more concerned with having enough money to last through their retirement years than with leaving substantial assets to their heirs and to charities. But they are still concerned with leaving a legacy for their children and grandchildren. A new definition of a legacy…
Thus far, many people have attempted to establish a link – none have been successful. If no one claims the inheritance in 30 years, the money goes to the British crown. No will or other estate planning documents could be found for Kathleen Hilda Ryan, who passed away in Greenwhich,…
When Christie’s auctioned off Edgar Degas’s “Danseuses” for nearly $11 million in 2009, the catalog noted that the masterpiece was being sold as part of a restitution agreement with the “heirs of Ludwig and Margret Kainer,” German Jews whose vast art collection was seized by the Nazis in the years leading up…