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Fields and Dennis LLP
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Archive for June 2013

Estate Planning for Young Adults

Turning eighteen is a milestone for many reasons.  You are legally an adult, with the ability to vote, and you may be heading off to college or starting a career.  The future is upon you, the world is your oyster, and any other number of clichés.  Regardless of where you are headed, it is most likely…

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Celebrity Estate Planning Mistakes to Avoid

In an interesting article, Fox Business delved into the “Monumental Estate Planning Blunders of 5 Celebrities.”  The piece looks at estate planning mistakes made from some well-known, now-deceased stars who’s estate ended up out of their hands. Leona Helmsley, widow of real estate tycoon Harry Helmsely, famously left a $12 million dollar trust to her dog, Trouble.  Ultimately, this only served to cause trouble…

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The Importance of Keeping Beneficiaries Updated

The importance of updating your beneficiary designations, specifically for policies which fall under Federal Employees’ Group Life Insurance (“FEGLI”)  for life insurance policies has just been highlighted by the Supreme Court’s 9-0 decision in Hillman v. Maretta.  During the marriage of Mr. Hillman and Ms. Maretta, Mr. Hillman named Ms. Maretta as the beneficiary of his…

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