When a person can no longer manage property or provide self-care, a guardianship may be appropriate,” explains the Indiana Laws of Aging Handbook. On the other hand, the Indiana Bar Foundation authors caution, “Sometimes guardianships are unnecessarily imposed on...
Continuing our November Hoosier Estate Planning focus on celebrity estate planning mistakes, today we talk about providing guardianship provisions for minor children... Anna Nicole Smith’s heirs argued over the care of her daughter. Failure to choose the correct...
This November, many of our Hoosier Estate Planning blog posts are devoted to highlighting estate planning pitfalls to avoid. Some big mistakes made by celebrities help make the point… Not every plan follows the usual pattern of leaving assets to family members and...
This month in our Hoosier Estate Planning blog, we’re highlighting pitfalls to avoid by recalling some big mistakes made by celebrities… Ten years ago, when Chief Justice Warren Burger died, his estate was worth $1.8 million. There’s something to be said for brevity,...
We’re devoting several of our Hoosier Estate Planning blogs this month to estate planning mistakes made by celebrities. We hope our clients learn from these stories and avoid making those same mistakes. In his will, famous baseball player Ted Williams said he wished...
As a way of helping our clients learn from other’s mistakes, we’re devoting several of our blog posts this month to describe estate planning pitfalls by recalling some big mistakes made by celebrities. Unlike music legend Jimi Hendrix, who died at 27 without a...
We can all learn from our mistakes, but it’s better to learn from others’ mistakes, I think you’ll agree. This month in our Hoosier Estate Planning blog, we’re learning about pitfalls to avoid by recalling some big estate planning mistakes made by celebrities....
Music legend Jimi Hendrix was only 27 when he died. It’s always tragic when someone loses his life at such a young age; in Hendrix’s case, his death was also a financial tragedy for his close brother, Leon. Why? Jimi died without a will, and, under California state...
“Meet with an elder care attorney to see what your options are,” personal finance author Jane Bryant Quinnrecommends, referring to the question of whether marriage is a good financial move for older couples. Saying “I do”, Quinn points out, is the key to accessing...
Estate planning is no longer about just death and death taxes, Seth Kaplan and Josh Goldglantz point out in Financial Advisor magazine. That’s particularly the case with Generation X (those born between the early 1960s and the early 1980s). Just some of the issues Gen...
