Musings to give you insight and clarity on all things estate planning and elder law.
On October 18, 2018, the rules for the VA benefit often called “Aid and Attendance” will be dramatically different. The Aid and Attendance benefit provides a monthly, tax-free income to veterans and their surviving spouses when they meet certain requirements. Those requirements fall into three categories.
“A leader is one who sees more than others see, who sees farther than others see, and who sees before others see.” – Leroy Eims
I recently read an article arguing that “Average Arm Quarterbacks” in the NFL were more valuable to their teams than “Big Arm Quarterbacks.” The article
I’m sure the writer of Ecclesiastes didn’t have the movie industry in mind when he wrote, “What has been will be again, what has been done will be done again; there is nothing new under the sun.” But the 2008 box office seemed to prove him right.
Jimi Hendrix was only twenty-seven when he died in 1970. He left no will, no trust—no instruction at all—to direct his estate to the right person. Many people who knew Jimi believe he would have left everything to his half-brother, Leon, the only person he considered family.
It was hard for me to believe that one guy could have so many firmly held but outright wrong beliefs as the man who sat before me in my conference room. The clients I work with are usually some of the most interesting and friendly people you’d ever want to meet. Unfortunately, Joe did not fit that description.
Elbert and Florene were good people. Their story probably sounds pretty similar to the experiences of your own family. Elbert retired early from the power company because he saw too many friends die too soon after retirement. He wanted to enjoy at least a few good retirement years. As it turned out, he lived decades in retirement, and for most of those years, he stayed busier than when he worked.
Everyone has heard the story about the old, lonely, stingy man who hated Christmas. Despite his extreme wealth, he was unwilling to give anything to anyone unless it was likely to somehow benefit him – a trait which contributed significantly to his dislike of the holiday season.
I have always loved the famous quote of Yankee great Yogi Berra, “If you don’t know where you are going, you’ll end up someplace else.” As an attorney who focuses every day on the need to plan ahead, it reminds me of the need to be intentional in setting plans for how you want your life to play out. Without a plan for getting where you want to go, how do you expect to get there?
Lou Holtz was named head football coach for the Arkansas Razorbacks in 1977. In seven seasons leading the Razorbacks, Holtz compiled a record of 60-21-2,
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