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 …

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 …

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. …

digital estate

Estate Planning for the Digital Era

Jennifer Walker Digital Assets, Estate Planning, West Chester PA Estate Planning

Are you familiar with the notion of a digital estate? What happens to your online bank accounts, emails, social media and your entire digital presence on the web when you pass away? Imagine a world without you in which your heirs cannot access your digital assets. They cannot access your e-mails, either practically or legally, to get to important legal …

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 …

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 …