The heirs of comedy team Abbott and Costello recently lost in court after filing a lawsuit regarding what is possibly the duo's most famous skit. The lawsuit alleged that Broadway musical "Hand to God" lifted material from the skit "Who's on First." According to...
Month: December 2015
The most costly estate planning errors that can be avoided
Most estate planning errors can be avoided if you're willing and able to put in the time and energy in advance. Make sure you know the legal steps that need to be taken and the tactics you can use to eliminate mistakes, ensuring that everything really happens the way...
Federal estate tax exclusion goes up in 2016
Estate tax laws can change every year, and 2016 is no different. In this respect, as we come to the end of 2015, there is something you should keep in mind for the year ahead -- regardless of whether you have an existing estate plan or want to create one for the first...
How does the reading of a will really take place?
During the estate planning process, many people want to know if a "reading of the will" occurs as seen in many television shows and films. Most of the time, people expect family members and close friends to be called together to hear the terms of the deceased person's...
Facebook should be included in estate planning
Estate planning includes an incredible amount of information, and it's important to add your Facebook account and password to the list. It's wise to write down all of the login information that someone else would need to access your account and then keep it with your...
An executor of an estate is tasked with distributing property
What is an executor? What does this person do? What are the responsibilities? An executor is entrusted with the disposition of an estate's property, assets and possessions. What it all boils down to is that you are responsible for making sure that all debts are paid,...
What if a child doesn’t go to college after being given a fund?
As part of your estate, you may want to set up a trust or a savings account for children or grandchildren to go to college. This can be a great way to distribute your earnings, especially if you want to help but you also want to make sure the money is really used the...
Municipality sues estate of deceased couple for unmaintained home
A township has sued the estate of a deceased couple because their former home -- which the estate still owns -- has been overrun by weeds and become unsightly. Officials from the Michigan town where the home is situated claim that they did not have any other choice...
Where do seniors live while getting long-term care?
One of the important things to think about when doing long-term care planning in New York is where you are going to live. This can have a big impact on the type of plan you put in place, how much money is needed and much more. Though every case is different, the...
Estate-related disputes require skilled legal representation
Unfortunately, not all probate issues proceed as smoothly as New York residents hope they will. Litigation revolving around trusts, wills and estates has become more prevalent than ever in the state. Most of these roadblocks occur because family members disagree about...