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Home » blog

Famous Estates – Legacy Champ or Chump?

August 3, 2012 by Stephen A. Mendel, Estate Planning Attorney

Humphrey Bogart (1899-1957) - Actor   Humphrey Bogart is widely regarded as a cultural icon. The American Film Institute ranked Bogart as the greatest male star in the history of American cinema. Bogart began acting in 1921 and became a regular in Broadway productions in the 1920s and 1930s. When the stock market crash of 1929 reduced the demand for plays, Bogart turned to film. Bogart’s breakthrough as a leading man came in 1941, with High Sierra and The Maltese Falcon. The next … [Read more...] about Famous Estates – Legacy Champ or Chump?

Filed Under: Uncategorized

Thought for the Day:

August 2, 2012 by Stephen A. Mendel, Estate Planning Attorney

[Daddy] said: "All children must look after their own upbringing." Parents can only give good advice or put them on the right paths, but the final forming of a person's character lies in their own hands. Anne Frank … [Read more...] about Thought for the Day:

Filed Under: Uncategorized

Be Careful With Financial Planners

August 1, 2012 by Stephen A. Mendel, Estate Planning Attorney

Using the services of a financial planner can be extremely beneficial as a way to preserve and grow your assets for your estate. However, not all financial planners are equal and you should have an idea of what to look out for when deciding which one to use. The wrong financial planner can cost your estate money. The first thing you should ask potential financial planners is what their qualifications are. Find out if they have any degrees or certifications and what they had to do to get them. … [Read more...] about Be Careful With Financial Planners

Filed Under: Financial Planning Tagged With: asset protection, financial planning, retirement planning

Texas History – Do You Know How Many Indian Tribes Inhabited Early Texas?

July 31, 2012 by Stephen A. Mendel, Estate Planning Attorney

Thirteen (13). The Atakapa (1), Caddo (2) and Kadohadacho (3) tribes occupied the southeastern region. Wichita (4) and Tonkawa (5) tribes roamed the prairies in central Texas. The Karankawa (6) and Coahuiltecan (7) Indians lived along the southern coastal area and the south Texas plains to the Rio Grande. The Lipan Apache (8), Jumano (9) and Tigua (10) roamed the Southwestern portions of the state. The Kiowa (11), Kiowa Apache (12), and Comanche(13) tribes occupied what is now called the Texas … [Read more...] about Texas History – Do You Know How Many Indian Tribes Inhabited Early Texas?

Filed Under: Uncategorized

Business Lessons From The Comic World

July 25, 2012 by Stephen A. Mendel, Estate Planning Attorney

At some point in your life, you've probably read an Archie comic or at least seen one at a grocery store checkout aisle. If you run a family business, you can learn more from Archie comics than simple life lessons about growing up in a small town. Unfortunately, what you will learn is not in any comic issue, but in the lack of succession planning in the business and why you should make succession planning part of your estate plan. Consider the case of the company with two CEOs at odds with each … [Read more...] about Business Lessons From The Comic World

Filed Under: Uncategorized Tagged With: Estate Planning, financial planning

Texas History – Do You Know Texas Is the Crossroads of the Nation?

July 24, 2012 by Stephen A. Mendel, Estate Planning Attorney

Texas is where east meets west and north meets south in terms of climatic variation, vegetational striation, and wildlife diversification. “Nowhere but in Texas” is an apt statement to describe the diversity that ranges from seashore to mountains, from swamps to desert, from subtropical lands to windswept plains, from pine forests to short grass country, with a variety of plant and animal life unparalleled elsewhere. … [Read more...] about Texas History – Do You Know Texas Is the Crossroads of the Nation?

Filed Under: Uncategorized

Appoint a Trustee You Can Trust

July 18, 2012 by Stephen A. Mendel, Estate Planning Attorney

If you have a trust, it is extremely important that you appoint someone responsible as the person to take over as trustee when you are no longer able to do so. It is called a "trust" for a reason. You need to appoint someone trustworthy who will look after the trust's financial interests. Consider the current issue surrounding the trust of Susan Strong Davis. She is 87 years old and has dementia, so she is no longer handling her affairs or her trust's. Instead, a man named James E. Larkin whom … [Read more...] about Appoint a Trustee You Can Trust

Filed Under: Incapacity Planning, Trust Administration Tagged With: Elder Law, incapacity planning, trustee

Texas History – Do You Know When Texas Became a State?

July 17, 2012 by Stephen A. Mendel, Estate Planning Attorney

Texas became the 28TH State in the U.S. on December 29, 1845. … [Read more...] about Texas History – Do You Know When Texas Became a State?

Filed Under: Uncategorized

Famous Estates – Legacy Champ or Chump?

July 13, 2012 by Stephen A. Mendel, Estate Planning Attorney

Andrew Carnegie (1835-1919) - Business Magnate & Philanthropist Carnegie was born in Scotland and emigrated to the U.S. with his parents in 1848. In the 1870s, he founded Pittsburgh’s Carnegie Steel Company, which cemented his name as one of the "Captains of Industry." By the 1890s, the company was the largest and most profitable industrial enterprise in the world. Carnegie sold it in 1901 for $480 million to J.P. Morgan who created U.S. Steel. From 1901 forward, he devoted his time to … [Read more...] about Famous Estates – Legacy Champ or Chump?

Filed Under: Uncategorized

Inheriting an Underwater Home

July 11, 2012 by Stephen A. Mendel, Estate Planning Attorney

Usually, inheriting real estate is a good thing. However, in today's real estate market many homes are underwater. That means there is more debt on the home than there is equity in the home. If you inherit an underwater home, it is important that you speak to a Probate lawyer right away. Should you choose to do nothing and inherit the property, it is likely that you will also be inheriting the debt. Obviously, leaving you with debt was not the deceased's intent, but the possibility is a fact of … [Read more...] about Inheriting an Underwater Home

Filed Under: Probate Tagged With: probate

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