will

ID Theft in the Afterlife

Posted on 05/9/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsTo protect against identity theft, you should never share too much about yourself on social media. But once you die, those accounts can pose new problems – beyond the heartbreaking reminders that come with “friend” requests made from the deceased, often through automated programs or a hacker’s ingenuity. Each year, the identities of some 2.5 million deceased Americans are used to fraudulently open credit card accounts, apply for loans, or get cellphone or other services. Each day roughly 2,200 dead people …

A Big Problem With Fill-in-the-Blank Wills

Posted on 04/11/2014 by |Legal Grounds | Comments

Bulletin Today | Money & SavingsIt’s tempting, I know. You’re trying to save money. You don’t have lots of property to leave to others. Your estate isn’t complicated. So you go to an office supply store, bookstore or online legal site, grab a standard will form and fill it in yourself. That’s what Ann Aldrich of Keystone Heights, Fla., did back in 2004. She left her property to her sister, Mary Jane Eaton, and added in a clause stating that if Eaton died before she …

An Unusual Challenge to an Actress’s Will

Posted on 02/11/2014 by |Legal Grounds | Comments

Bulletin TodayImagine that you die after a long series of illnesses. Because you’ve been successful in your field and leave a considerable estate. You might expect a will challenge – sure. But from your former lawyer?  Now, that’s one weird situation. But that’s exactly what has happened with the estate of Julie Harris, the renowned actress who died late last summer. Back in 2009, Harris had fired long-time lawyer Herbert Nass, who was potentially the executor of her will.  Several months …

Should Elder Abusers Be Able to Inherit From Their Victims?

Posted on 11/20/2013 by |Legal Grounds | Comments

Bulletin TodaySay there’s an older adult — let’s call her Judy — who has difficulty caring for herself. Judy’s son, Charles, is her primary caretaker, but he abuses her, pinching her and refusing to give her dinner if she doesn’t stay quiet during his favorite TV show.  Judy’s doctor notices that she has bruises on her arms and is rapidly losing weight; she reports Charles to family services, and Charles is eventually convicted of felony abuse. After several months, Judy dies of unrelated …

In $300 Million Estate, Lawyers Lose a Piece of the Action

Posted on 10/1/2013 by |Legal Grounds | Comments

Bulletin TodayMost of us don’t have $300 million to leave behind when we pass on. But for those who do, it’s no surprise when there’s a fight over their wills. And when they leave most of their estate to charities and caretakers instead of family members? Bring on the trusts and estates lawyers. A couple of weeks ago, I told you about Huguette Clark, the New York City heiress who died after living for 20 years in a hospital room, treating …

Where There’s a Will There Isn’t Always a Way

Posted on 09/16/2013 by |Legal Grounds | Comments

Bulletin TodayMost lawyers say, emphatically, that all older Americans — heck, all Americans, period — should have a will. But let’s face it: Even by the time they die, most people haven’t accumulated much in terms of an estate. So why do lawyers say a will is so important? Well, because a properly executed will helps survivors know what a deceased person wanted to do with his or her assets. Except when it doesn’t. Lack of clarity is especially a problem …