married Late In Life

So You’re Getting Married Later-In-Life

Jennifer Walker Estate Law, Estate Planning, Marriage, Married Couples, Prenuptial Agreements, West Chester PA Estate Planning

A rapidly growing number of Americans are choosing to wed later. If you are one of the many individuals planning a later-in-life marriage, you should include a trip to your estate-planning attorney on the list of things to do before you say “I do.” What If I Don’t Need To Provide For My New Spouse? Individuals typically become more financially …

trust accounts peak legal group

Different Types of Trusts

Jennifer Walker Estate Law, Estate Planning, Trusts, West Chester PA Estate Planning

Trusts can be a bit confusing. Everyone knows the basics. Trusts are a legal entity managed by a trustee for the benefit of others. Beyond that, however, trusts can get murky as there are many different types of trusts that are sometimes confusing to non-experts. To help people overcome trust confusion, the Wills, Trusts & Estates Prof Blog recently published …

american football

Planning Lessons from the World of Sports

Jennifer Walker Estate Law, Estate Planning, Family Business, West Chester PA Estate Planning

Most of the time when a family is forced to sell its business, it is not big news. However, there is an exception for teams in major sports leagues. Recently, we have seen the forced sale of the Los Angeles Clippers because the owner’s racist rant came to light. The Los Angeles Dodgers were recently sold in part because of …

Mr Cub’s Will Contested

Jennifer Walker Estate Law, Estate Planning, Trusts, West Chester PA Estate Planning

Before passing away, Ernie Banks suffered a protracted illness. During that time he was cared for by a friend, Regina Rice. Initially, Banks’ family praised Rice and thanked her for looking after the baseball player in his last months. However, it did not take very long after the funeral for the family and Rice to get involved in two disputes. …

American Sniper’s Estate in the Crosshairs

Jennifer Walker Estate Law, Estate Planning, West Chester PA Estate Planning, Wills

While alive, Chris Kyle told friends and business associates that he viewed any profits from his memoir American Sniper as “blood money.” The legendary Navy SEAL, whose account of his four tours of duty in Iraq was adapted into the Clint Eastwood movie that is up for six Oscars including best picture, maintained that he wanted the money to go …

What’s a Durable Power of Attorney?

Jennifer Walker Estate Law, Estate Planning, Power of Attorney, West Chester PA Estate Planning

A durable power of attorney (POA) enables you to appoint an “agent,” such as a trusted relative or friend, to handle specific health, legal and financial responsibilities. There are two types of power of attorney: POA for healthcare: Gives a designated person the authority to make health care decisions on behalf of the person. POA for finances (and other matters): …

to do list for estate planning

What You Need “To-Do” with Your Estate Plan

Jennifer Walker Estate Law, Estate Planning, West Chester PA Estate Planning

Your estate plan should not be seen as a static document. You need to continuously monitor it to make sure it is up to date and accurately reflects your wishes. It is often suggested that you do so annually at a minimum. For non-professionals, however, this can be challenging. Why? Because they do not know what all needs to be …

Turning Yourself into a Diamond

Jennifer Walker Estate Law, Estate Planning, West Chester PA Estate Planning, Wills

Diamonds are relatively common and easy to make. All you need is some carbon placed under immense pressure and a diamond will form. In nature this process takes a very long time. However, with modern machinery diamonds can be made quickly. One company has a novel source for the carbon that will be used to create a diamond: you. The …

Did a New York Woman Scam Her Own Daughter’s Inheritance?

Jennifer Walker Estate Law, Estate Planning, Trusts, West Chester PA Estate Planning, Wills

Vanessa Nieves was a minor when her father was shot and killed in a Florida robbery in 2006. A trust was created for Nieves to hold insurance proceeds until she turned 18. However, five years later, Nieves’ mother presented her with some paperwork that Nieves signed. She now claims her mother told her the paperwork would merely change the terms …

Fight over Robin William’s Estate

Jennifer Walker Estate Law, Estate Planning, Trusts, West Chester PA Estate Planning, Wills

After the suicide of Robin Williams, the public soon learned that his estate plan called for everything to be left in trust for his children. Williams was praised for his proper estate planning and for acting to take care of his family before taking his own life. Recently, however, news has broken that his widow has filed a petition with …