Living Trusts & Estate Planning - Living Trust Network

Mickey Rooney's Estate Finds Peace, But Will It Last?

A mere five days after the Hollywood acting legend passed away in his sleep at the age of 93, the family of Mickey Rooney was set to appear in a Los Angeles courtroom to fight over where he should be buried.

Danielle & Andy Mayoras, Trust & Estate Attorneys | Co-authors of Trial & Heirs: Famous Fortune Fights!

Estate planning checklist: health insurance related and Affordable Care Act (Part 7)

This is the seventh of a multi-part series by Attorney Lisa L. Halbert about the reasons for estate planning and the need to periodically review your existing estate plan.  Read More . . .

Lisa L. Halbert, Trust & Estate Attorney
Bacon Wilson, P.C., Northampton, MA

Update on FDIC insurance

Most people are confused about the insurance coverage provided by the Federal Deposit Insurance Corporation (FDIC). Here is an update on FDIC coverages for 2014.  Read More . . .

Hyman Darling, Trust & Estate Attorney
Bacon Wilson, P.C., Springfield, MA

Important considerations when choosing agents under a durable power of attorney and health care proxy

Choosing people (agents) to make your medical and financial decisions under a health care proxy and durable power of attorney are important considerations. It is imperative to choose someone you trust and someone who knows you well enough to be able to “stand in your shoes” and make decisions that you would make. Remember, your agent should be making decisions based upon how you would act, not how they would act personally.  Read More . . .

Todd Ratner, Trust & Estate Attorney
Bacon Wilson, P.C., Springfield, MA

Legacy Lost: The Dwindling Family Inheritance

Ninety percent of family inheritance is often lost within just three generations, according to the Wall Street Journal (Lost Inheritance). By the end of the second generation — to be clear, that’s after your children have passed away — you can expect 70% to be gone.

This bodes particularly ill for the massive wealth transfer of the baby boomers, who are set to inherit $7.6 trillion — equivalent to the GDP of China — over their lifetimes, mostly in their later years.  Read More . . .

Randy Fisher, Trust & Estate Attorney
Fisher Law Office, Annapolis, Maryland