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 …

passing down private foundation

Passing Down A Private Foundation

Jennifer Walker Estate Planning, West Chester PA Estate Planning

With private foundations wealthy families and individuals can create a fund of money that can be invested with the proceeds going to good causes for generations. For those who want to make charitable giving a part of their estate plans, foundations provide a way to make that giving last. When the founder passes away, however, many private foundations have floundered …

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. …

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 …

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 …