estate Planning FAQs

Estate Planning FAQ’s

Jennifer Walker Estate Planning, Medical Directives, Power of Attorney, Trusts, West Chester PA Estate Planning

Many people have some VERY wrong ideas about estate planning. And that’s understandable if you get your information from sources that, while well intentioned, may be simply repeating hearsay. These sources can usually include friends, neighbors, relatives, television, articles and, yes, even the internet. (I read it on the internet so it must be true, right?) Here are some of …

couple on beach

Estate Planning and Cohabitation

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

While most Americans who live with a significant other are still getting married, many are choosing not to. For wealthy single people it often makes sense not to get married as marriage would result in a higher tax burden. Others simply do not see a need to get married. The Wills, Trusts & Estates Prof Blog recently published an article …

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 …

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. …

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 …

holding Ben

Help Wanted: Daughter to Inherit Fortune

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

It is ordinarily assumed that wealthy people will leave the majority of their assets to their children. However, if a wealthy person does not have any children, then something else needs to be done with the assets. Most people in that situation have some idea of what they want to do. They have someone else in mind to inherit the …