Below is my interview with the Shalom Show, a Jewish public affairs cable show that is on tv nationwide.
Man dies with $40 million, no will, and no heirs
Today’s crazy estate planning story comes from the New York Times, He Left a Fortune, to No One. Roman Blum died in New York last year at 97 years old. He was a Holocaust survivor and a successful real estate developer worth over $40 million. Not only did he die intestate, which means without a… Read More
Both Attorneys and Courts are Tired of Financial Institutions’ Refusal to Accept Powers of Attorney
Banks Often Refuse to Accept Powers of Attorney One of the things that’s becoming more and more frustrating for trusts and estates lawyers in Florida is the refusal of banks and other financial institutions to accept properly drafted powers of attorney. A power of attorney is a document in which a person (the principal) grants… Read More
No Time for the Ole’ In-N-Out with Lynsi Torres
Meet Lynsi Torres. She’s 30 years old. Thrice married*. A mother of twins. She never graduated college. I don’t think she ever had any business training. She loves drag racing. And she’s worth over a billion dollars. Apparently, Lynsi has been recently “outed” as the owner and heir to the In-N-Out burger chain. Now if… Read More
Back to Blogging: How (I draft documents)
In the continuing “Back to Blogging” series, the “How” posts (and there will be more than one) will talk about how I run my estate planning practice. I am not talking about empty platitudes such as “I run my practice with hard work, ethics, morality, etc.” That’s not how. I mean literally, what are my processes and… Read More
Illinois Man Leaves Million Dollar Estate to Two Obscure Actors He Never Met
Kevin Brophy was one of two obscure actors who will split a $1 million estate of a man he never met. This is a new one. I’m always hearing interesting stories about the various people that people leave their estates to. Family, mistresses, charities, their pets, nothing surprises me. Until now. According to the Star Journal-Register… Read More
Large Law Firms Are Abandoning their Trusts and Estates Practices
According to an article in yesterday’s New York Times, the large international “white shoe” law firm of Debevoise & Plimpton is jettisoning their estate planning practice, adding to the list of large firms doing so, including Weil, Gotshal & Manges, and Gibson Dunn & Crutcher. I’m not surprised. These gigantic international law firms have gigantic… Read More
WSJ: What a Tangled Web We Leave
On February 2, the Wall Street Journal had published a great article on estate planning entitled “What a Tangled Web We Leave,” discussing the various problems people have when loved ones die. There is a common theme in the article – one that I’ve discovered myself. From the article: [the surviving spouse’s] biggest obstacle: the checking… Read More
A little estate planning humor (Click to see the cartoon)
Wow, you people are really interested in the lottery
I’m glad that so many people are checking out the estate planning options if they win the lottery. Here is a list of recent search terms that brought people to my site.
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