I previously posted that Elizabeth Edwards’ will left nothing to her husband, John Edwards. While it is true that her will does not mention John when distributing her tangible personal property, Article V of her will leaves the remainder of…
Author Archives: Trusts EstatesProf
January 5, 2011
Movie Secretariat has Estate Planning Plot
The new Disney movie Secretariat, the story of the world’s greatest racehorse and the woman who owned him, has an estate planning sub-plot. It involves a will, an estate battle, and hardship brought on by a $7 million estate tax…
March 1, 2010
An Asset Protection Trust Could Offer Tiger Woods Valuable Asset Protection
As Tiger Woods attempts to salvage his marriage, the Trust Advisor Blogs suggests that in the meantime he consider putting his assets into an asset protection trust. Because Tiger lives in Florida, a non-community property state, he could likely fund…
November 13, 2009
Another Estate Tax Bill Introduced in the House
On Nov. 5, 2009, Representative Kenny Marchant (R-TX) introduced H.R. 4035, which would “amend the Internal Revenue Code of 1986 to allow the estate of a decedent to use the capital loss carryover of the decedent as a deduction against…
November 10, 2009
What Some Will Do For Money
Even if this isn’t a real 911-call, it does illustrate the extent to which some people will go for an extra buck, something estate planners are all too aware of. Special thanks to David S. Luber (Attorney at law, Florida…
November 10, 2009
Planning for End-of-Life Decisions
USA Today has an article emphasizing the importance of making end-of-life decisions before such a situation arises. Among other things, the article points out the need to choose a doctor who will respect a patient’s expressed wishes. See Cathy Lynn…
November 10, 2009
Joe Jackson Asks for Monthly Allowance
Joe Jackson has reportedly petitioned the Los Angeles County Superior Court for a monthly allowance from Michael Jackson’s estate. Joe claims to have $15,000 in monthly expenses, which includes $2,000 for eating out, $3,000 for hotel expenses, and $50 for…
November 10, 2009
Advocating for Pooled-Special Needs Trusts
Jack Sullivan (J.D. candidate 2010, Minnesota University) has published his student article entitled Pooled Special-Needs Trusts: An Exception That Should be the Rule to Protect Adults with Developmental Disabilities, 17 Law & Ineq. 441 (2009). This Article argues that every…
November 9, 2009
Top SSRN Downloads
Here are the top downloads from September 9, 2009 to November 8, 2009 from the SSRN Journal of Wills, Trusts, & Estates Law for all papers announced in the last 60 days. Rank Downloads Paper Title 1 144 Miller: Effective…
November 9, 2009
Texas Estate Planning Statutes 2009 Edition Published
Gerry W. Beyer (Governor Preston E. Smith Regents Professor of Law, Texas Tech University School of Law) has recently published the 2009 edition of his book entitled Texas Estate Planning Statutes With Commentary (Aspen Publishers).This book is a compilation of…