One of my favorite sayings about children is “they move out but never leave.” When my daughter got married and bought a house larger than mine, I thought it was time to give her all her stuff that had been stored in my house. Now, I know you don’t have any of your kids stuff or their precious belongings in your basement (yeah, right) so this may not apply to you.
If you are in the minority of parents who are saving all… Continue reading
Well the George S. that I am referring to is none other than George Steinbrenner who, as we know, passed away on July 13. It is hard to imagine that many people do not know who he was, but just in the event there is uncertainty, he is known for being the principal owner of the New York Yankees. That ownership, along with other business interests, places Mr. Steinbrenner among the elite wealthy in the country. Public estimates of the size of his estate appear to suggest a figure… Continue reading
That was the way that a conversation started with one of my clients a few months ago and it really caught me by surprise. Sure he was calling me to solicit an opinion, but the problem was that he was calling me about a matter within the Social Security program to which I was completely unfamiliar. Now to be right upfront, as I was with the client, the details of the Social Security program is not one of my… Continue reading
When we do estate planning for our clients, there are four basic documents that most folks need: a will, living will, health care proxy, and durable power of attorney. In later blogs I will deal with these individually, but here I would like to define and address the latter: the durable power of attorney.
This document comes into play when a person is unable to either perform legal duties due to physical limitations, or is mentally incapable or unwilling to make decisions for his… Continue reading
