In June, actor James Gandolfini died in Italy while on vacation with his family. The actor was best known for his role as Tony Soprano in the HBO show “The Sopranos.” His success as an actor allowed him to leave behind a sizable estate, worth an estimated $70 million or more. Unfortunately, though Mr. Gandolfini had created an estate plan, he also apparently made some serious estate planning … [Read more...] about James Gandolfini, Michael Jackson, and Learning From Celebrity Estate Planning Mistakes
It is not uncommon for people to talk to estate planning attorneys about concerns they have surrounding guardians and a guardian ad litem. Some of these questions involve the idea of a guardian ad litem. While guardians and guardians ad litem serve similar purposes, they also have very different roles in the law. To help clarify and prevent any potential confusion, today we're going to take a … [Read more...] about The Difference Between a Guardian and a Guardian ad Litem
The question of what happens when elderly parents lost their abilities is one that many Florida residents face on a daily basis. No one likes getting older, but being prepared for what aging can do to us and our loved ones is the responsible thing to do. If you have aging parent, it may be necessary to ask a court to name a guardian over them. What is a guardian, and how does the guardianship … [Read more...] about Basic Questions About Estate Planning – What if my Elderly Parents Need a Guardian?
A recent story out of Texas highlights the legal dangers LGBTQ couples face in states that do not recognize gay marriage or civil unions. Lon Watts and his partner Jim Heath lived together for over three decades as a couple. After Heath began suffering from Alzheimer’s disease about six years ago, he gave Watts power of attorney, allowing Watts to make decisions on his behalf. Then, in 2011, … [Read more...] about Gay Couple in Texas Forced Apart by Guardianship Order
Sometimes grandparents have to step in and care for their grandchild. Be it accidental death, drug addiction, or abandonment, the reasons why this occurs varies from one case to the next, but what occasionally happens is that grandparents want to become guardians for their grandchild or grandchildren. If you are one such grandparent then you may find the following information to be of use. What … [Read more...] about When Grandparents Want To Become Guardians
You care for your family and want to help and protect them in every way possible. Perhaps you have tried to help them by writing your will, naming to whom, exactly, your assets should pass if anything happens to you. Or, perhaps you’ve also completed advance directives such as a living will or health care power of attorney, in order to ease their burden by, respectively, declaring what medical … [Read more...] about Have You Protected Your Kids by Naming a Legal Guardian?
In most cases, people expect to live comfortable off their retirement while expecting to leave portions of what is left to those listed in wills. Why would this not be an expectation considering how hard people work to build up assets and gain property throughout their lives? If this sounds like you, and you are concerned about the assets and properties you have accumulated, consider legacy … [Read more...] about Ways to Avoid Probate Nightmares Part 1