We’ve all turned to the internet for answers at some point. Whether you’re googling a random trivia fact or trying to figure out if you can legally adopt a pet squirrel (RIP Peanut), the internet feels like the ultimate resource for all kinds of knowledge. But when it comes to something as important and legally complex as estate administration, the internet is not the place to look for advice. … [Read more...] about Don’t Take Advice From The Internet (Especially Reddit)
Clarity is Key to Planning
"Clarity is Key to Planning" by Attorney Jon J. Gasior (Audio) When problems arise in an estate plan, often the source is a lack of clarity. Tom Petty died in 2017 and left a fortune estimated by Newsweek to be around $38 million. Petty did some things right, but he could have done better. What did Tom Petty do right? First, he planned. Most people just let nature take its course and fail … [Read more...] about Clarity is Key to Planning
Planning for Frequent Flyer Miles
This article examines the transfer of frequent flyer mile accounts to beneficiaries. It looks at Anthony Bourdain’s will and its disposition of his miles. The article points out that these are contractual rights and you may or may not be able to transfer them at death. "Planning for Frequent Flyer Miles" by Attorney Alexander M. Pagnotta Frequent Flyer miles and other reward points can be … [Read more...] about Planning for Frequent Flyer Miles
Powers of Appointment – Part 1
"Powers of Appointment - Part 1" by Attorney Nicole Livingston (Audio) Trusts have many potential benefits. One of those benefits is that they can be very flexible. One way to increase the flexibility of a trust is by including powers of appointment. A power of appointment is giving someone the ability to direct the assets of the trust. There are four different ways a power of appointment … [Read more...] about Powers of Appointment – Part 1
What Do I Need to Know when Selecting Fiduciaries
"What Do I Need to Know when Selecting a Fiduciary?" by Attorney Victor A. Lembo Often, one of the most difficult choices for a client to make is the selection of people to make decisions for them. These fiduciaries may have great control over the client’s affairs, typically at times when the client would be most vulnerable or after death. Sinclair Prosser Gasior can assist with selection of … [Read more...] about What Do I Need to Know when Selecting Fiduciaries
