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November 2011 Archives

Baby boomers buy misconception that living wills are for elderly

A recent study shows that members of the baby boomer generation are fumbling a very important piece to the estate planning puzzle. A poll taken by the Associated Press and LifeGoesStrong.com revealed that 64 percent of baby boomers do not have a living will or a health care proxy. The poll involved 1,078 baby boomers.

Joe Paterno planning his estate or protecting his assets?

Famed and longtime college football coach Joe Paterno has been under incredible media scrutiny ever since allegations emerged that a member of his Penn State football staff sexually assaulted young boys. Many accuse additional staff members, including Paterno, of knowing about the abuse and covering it up.

STUDY: Do not expect a big inheritance from a baby boomer

When a parent passes away, an inheritance is common in an estate plan. However, for individuals in Florida and across the country with baby boomer parents, a new study shows that they are placing less of a priority on setting money aside to be passed along to their kids. This is even true for baby boomer parents that are millionaires.

Florida attorney in heated battle over man's estate

What seemed like a noble and just use of a multimillionaire's vast estate has turned into a legal nightmare for everyone involved. When a multimillionaire American man died, much to the surprise of his family, his estate administration outlined a plan that would donate the majority of his wealth to a new charity in Panama, a charity that helps feed needy children. Also in his estate plan was a monthly payment to his surviving wife and substantial cash payments to each of her five children from a previous marriage.