Category: Estate Administration
The executor of an estate must make decisions on protecting heirs. Katie May, a former Playboy model, may have suffered injuries during a photo shoot and went to a chiropractor for treatment. She later died and the coroner determined the treatment injured her artery and cut off blood flow to her brain, according to TMZ […]
It might be a good idea to take a look at the estate plan, rather than just takes someone’s word for it. Darryl White, the son of entertainer Barry White who passed away in 2003, has filed a suit against the estate and is demanding to see the will to know what it is he […]
An estate can become complex when a person passes away and leaves debt. Most people have not gotten rid of their debt entirely when they pass away, according to Market Watch in “What happens to your debt when you die?“. Approximately 73% of people in the U.S. pass away while still in debt. The average […]
Thicke’s sons and their stepmother square off over correct distribution of estate. It is not unusual for children and their stepmother to get into arguments when settling an estate, but it is unusual to bring the threat of revealing information to tabloids, according to TMZ in “Alan Thicke Sons Go To War With His Wife […]
Utah case highlights the responsibility of estate executors and personal representatives who have a duty to the estate that could include suing themselves. The Wills, Trusts & Estates Prof Blog discussed a Utah case that involved someone suing themselves and the pursuit of a wrongful death lawsuit in “Case Summary on Suing Yourself as Personal […]
If one watches an estate dispute among wealthy families in the media, one sometimes finsd out that it isn’t just about the dollars. Traditionally, family estate feuds are over wealth, crown or other inheritances connected with money. Generally speaking, however, something deeper is often going on, according to Psych Central in “Death, Wealth, and the […]
Tracking old pensions and retirements isn’t easy now that people often change employment but finding lost accounts may become easier. Old retirement accounts are often set up at places of employment but can be forgotten or lost track of when changing jobs, which can make it difficult to administer estates, according to Wills, Trusts & […]
When a person is missing for a long time there can also be a problem with property left in limbo. Property cannot exist in limbo forever when a person is missing and sometimes a family has to go to court to settle issues as ABC 17 News reports in “Family of missing man files petition […]
Billionaire Bruce Wasserstein passed away in 2009 and his estate is still under dispute. The Daily Mail recently detailed the long, drawn out estate battle following the death of billionaire Bruce Wasserstein in “How Bruce Wasserstein ‘encouraged his mistress to get pregnant through IVF, dumped her on bedrest and was in bed with another woman […]
Being named an executor brings responsibility and stress. It is a position that should be filled carefully. Executors often have to deal with contending creditors, heirs, family members who are not heirs, financial institutions and more. A recent headline highlights the situation in the Globe and Mail which reads “Being executor of a will likely […]
