Ryan White (1971-1990) - Advocate for AIDS Research & Public Education Ryan White courageously fought AIDS-related discrimination when he was denied access to school after he was diagnosed with HIV contracted through a blood transfusion. He went on to become the national spokesman for AIDS research and public education. Congress passed AIDS legislation called the Ryan White Care Act, which sought funding to improve availability of care for low income, uninsured and under-insured victims … [Read more...] about Famous Estates – Legacy Champ or Chump?
Cole Porter (1893-1964) - Composer & Songwriter Cole Porter was born to a wealthy family in Indiana, and he defied the wishes of his grandfather when he took up music. Classically trained, he was drawn towards musical theater. After a slow start he began to achieve success in the 1920s. By the 1930s, Porter was one of the major songwriters for the Broadway musical stage. Unlike most successful Broadway composers, Porter wrote both the lyrics and the music for his songs. After a serious … [Read more...] about Famous Estates – Legacy Champ or Chump?
Orville (1871-1948) & Wilbur (1867-1912) Wright - First to Fly an Airplane The Wright brothers achieved the first flight on December 17, 1903, at Kitty Hawk, North Carolina with five (5) witnesses present. The flight lasted only 12 seconds. It was the first time in history that a machine carrying a man raised itself in full flight, sailed forward without reduction of speed, and, finally, landed at a point as high as that from which it started. The Smithsonian Institute initially discounted … [Read more...] about Famous Estates – Legacy Champ or Chump?
Most people are reasonably aware about what will happen to their physical property when they pass away. Either your closest living relatives or the people named in your estate plan will receive it after taxes are paid and your creditors are paid. But, what happens to your digital estate? Have you thought about it? Many people spend a lot of time in online communities from Facebook to forums to blog comments. The accounts that we create and the friendships that we make in these communities are … [Read more...] about Will Your Facebook Outlive You?
Gary Cooper (1901-1061) - Actor Gary Cooper was an American film actor renowned for his quiet, understated acting style. His stoic and at times intense screen persona was particularly well suited to the many Westerns he made. He also excelled in sophisticated, screwball romantic comedies. Cooper received five Academy Award nominations for Best Actor, winning twice for Sergeant York and High Noon. He also received an Honorary Award in 1961 from the Academy. Yet, despite his success as an … [Read more...] about Famous Estates – Legacy Champ or Chump?
You have probably heard something along the lines of "Your health is the most precious thing you have." It is often true for many people. As a blanket statement, it is not true for everyone. Regardless of your opinion on the subject, you should guard and preserve your health. Without good health, it is difficult to enjoy anything else that you might find precious. One of the best ways to protect your health is by visiting an estate planning attorney and getting a Health Care Power of … [Read more...] about Protect Your Health
Most estate planning attorneys have some sort of horror story that he or she can share, if they are so inclined. An all too common one is that someone's property was left in a Will or Trust to people that the deceased did not even know. The spouses and children of the deceased then go to the estate planning attorney and ask for a way to fix the problem. This can happen when the deceased went to a non-specialist to get an estate plan. Non-specialists often have some form Wills and Trusts that … [Read more...] about Mistakes in Your Estate Plan
Galileo Galilei (1564-1642) - Physicist, Mathematician, Astronomer & Philosopher In 1609, Galileo invented the first telescope, which continues to influence how the world views science and how science views the world and the universe. Today’s telescopes have led to the discovery of at least 100 billion galaxies in the universe. Another great influence by Galileo is his published view concerning the Copernican and Ptolemaic systems - that the earth went around the sun and that the sun went … [Read more...] about Famous Estates – Legacy Champ or Chump?
As a domicile of Texas, you may be able to rely on the state’s probate laws to a limited extent should you divorce. Almost all estate planning lawyers will recommend periodic reviews of estate planning documents. Your estate planning attorney will most likely ask you to review your estate plan during or after important life-changing events. One of these events is divorce. At least one time after your divorce, you should sit down with your estate planning attorney to review your estate plan. … [Read more...] about Divorce and Previously Drafted Wills in Texas
All parents know that not all of their children are the same. Some children just need more care and support than other children. Most parents do not try to treat their children the same. Instead, parents try to treat their children equitably. When it comes to estate planning, this often means that one child receives a larger share of the estate than another child. This can create problems between the children if the parents do not handle the situation appropriately. In some cases, it is easy to … [Read more...] about Unequal Distributions and Your Children