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Articles Posted in Estate Plan

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Schemers Steal Property of Deceased Neighbor with No Heirs

Six Philadelphia men forged, cheated and lied their way into collecting a dead woman's house and car, police said. If no heirs exist and no estate plan determines where your estate should go, it must be up for grabs. Right? Well, no. But unfortunately for one woman's estate, this scenario…

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Beneficiary Designations 101 for Houston Families

The decision about how to designate beneficiaries for your company retirement plan, life insurance policies, and other assets might seem like a no-brainer. Chances are you would like those near and dear to you to inherit any money you've accumulated during your lifetime, so making sure that happens should be…

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Suspicions Arise When Doctor Is Added to Will

Donna Spears, a longtime friend of centenarian Helen Schlesinger, claims in her Manhattan civil suit that New York-Presbyterian physician Dr. Lawson Moyer has broken the law by both treating the 470 Park Ave. resident and appointing himself as her power of attorney. Can you trust your doctor with your will?…

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Caution Houston: Estate Planning Gotchas During a Divorce

A scenario commonly encountered within estate planning is when an individual dies while negotiating a separation agreement with their spouse, or when in the midst of divorce proceedings.  While a divorce order will void specific bequests to a spouse, merely initiating negotiations or proceedings will not. Married couples typically plan…

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If You Can Dream It, You Can Do It in Houston…Unless the Trustee Says No

Your plan is only as good as the people who implement it. When they aren’t competent, don’t pay attention to details, or decide to pursue their own interests, disaster can ensue. The latest case involves the Walt Disney estate. "If you can dream it, you can do it." Walt Disney…

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Philip Seymour Hoffman’s Estate Goes to Girlfriend, Not Kids

     Philip Seymour Hoffman did everything in his power to make sure his children were "normal."              When the Capote actor died of a heroin overdose in February, he left the bulk of his estate to his partner, Mimi O'Donnell, and added the unusual request that their offspring be raised outside of Los Angeles. According to…

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The World Knows All About Lou Reed’s Estate – Do You Want the Same Exposure in Houston?

If Lou Reed had used a revocable living trust, and transferred his assets into the trust during his life, then all of this information would have been kept private.  No one would know how much he had, whom he left it to, or how much his executors were charging. When…

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Houston College Graduates Need Estate Plans Too

After graduating from college, and even law school, the thought of drafting your estate plan probably did not make the top twenty on your "to-do" list, and why should it? The only thing most young professionals have when they first start out is debt. However, after you land your first…

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Deathbed Wills Can Be Contested, So Don’t Wait To Change Your Houston Plan!

Three years and two trials later, the will remains the subject of a fierce probate fight in Sacramento Superior Court. Lawyers for the stepson and O’Brien’s brother have challenged the will as a fraud. They contend O’Brien didn’t have the mental capacity to amend the original trust. Waiting until you are on…

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