Posts Tagged ‘beneficiaries’
Don’t Leave Your Legacy to Chance: Estate Planning For Lottery Winners
It seems pulled from the pages of a mystery story, but you may have heard it in the headlines recently. What happens if you win the lottery but die mysteriously shortly after? Urooj Khan may have gotten lucky when he hit the jackpot for $1 million in the Illinois Lottery, but shortly after things took…
Read MoreWorld's Richest Cat Can't be "Trusted"
According to an article in The Guardian, “Tommaso, a four-year-old, one-time stray from Rome, is thought to have become the world’s richest cat.” We’ve seen cases like this before, but unlike Massachusetts, which allows residents to establish trusts for their pets before and after death, Italy does not. So in the case of Tommaso, the…
Read MoreNational Estate Planning Awareness : Pass it On
Over the course of this blog I’ve advocated for immediate design of an estate plan under the advisement of an estate planning lawyer like me. As this is National Estate Planning Week, it’s only fitting that I should make another attempt at getting the word out to Fields and Dennis blog readers: please create an…
Read MoreThe importance of being earnest (when designating beneficiaries)
No one likes to make a will and people constantly put it off, but one thing that should never be put off is designating beneficiaries. Not only should beneficiaries be named carefully, they should also periodically be reviewed, verified and possibly updated. Many financial institutions require that you name a beneficiary, so the institution you…
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