New York’s “slayer rule” essentially provides that if an individual kills another person, he has automatically forfeited any interest he may have had in his victim’s estate. The rationale is simple – no one should financially benefit from his own crime.
The death of Larry Frazer has been in the news this past week. His memorial had been booked for September 29th at the St. Patrick Parish Centre hall, when the family received a phone call indicating that the Church had cancelled the booking on the basis of the late Mr. Frazer’s obituary photograph, which depicted him wearing a t-shirt sporting the title of the popular TV series “Sons of Anarchy“.
Traditionally, a person’s most valuable assets to be distributed upon death consisted of tangible items such as real property, cash, jewelry and personal effects of sentimental value like photographs and letters.
As a family trust moves into its second or third generation, it’s almost inevitable that someone’s going to be unhappy with the trustee.
Listen to Hull on Estates #390 – Missing beneficiaries. Today on Hull on Estates, Doreen So and David Smith discuss missing beneficiaries and options for locating and dealing with this issue.
It is not unusual for an artist to produce hundreds of works of art over his or her lifetime. In addition to the average estate planning concerns, artists must also consider and plan for what will happen with their works after death.
You may have heard about the new power of attorney legislation that became the law in Pennsylvania in July. If you have executed a power of attorney or are thinking about executing a power of attorney, you may be wondering how that legislation affects you.