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In The Spirit Of Thanksgiving
In the spirit of Thanksgiving, I found this interesting link to the NY Daily News article about a 21 year-old who was killed in a fire, but was an organ donor. The deceased young man’s family was able to hear their son’s heart beating inside a Vietnam veteran whose life was saved with the heart…
Read MoreKids Unlimited
As you may know, my son Corey is a dancer and performer. He is a member of Kids Unlimited, which provides a safe stage for Tucson kids to perform. Kids Unlimited has its fall show on Friday November 14 at 7 pm and Saturday November 15 at 3pm at the Berger Performing Arts Center at…
Read MoreWhy Your Married Joint Revocable Living Trust May Be Out of Date
If you are married and have a joint revocable living trust, there’s a good chance your plan should be revised to help your children and beneficiaries avoid income taxes after your death. When Karen’s mother passed away three months ago, she and her three siblings received a much larger inheritance than they had expected. Karen’s…
Read MoreGo See Les Miserables at Berger Center for Performing Arts This Weekend!
This past Saturday I had the privilege to see Arizona Onstage Productions of Les Miserables, with its ALL-TUCSON cast. I was blown away. The voices, especially the men, were unbelievable. Many of them could have graced a Broadway stage. I did not know Tucson had so much talent! Remaining performance dates are Saturday August 16…
Read MoreThe Future of Caregiving in the United States
With Americans living longer than ever before, many of us will eventually require long-term care. It has been estimated that half of all women, and one in four men, will spend time in a nursing home at some point in their lives. However, the true foundation of our long-term care system is family caregivers, who…
Read MoreLittle Jason
Don’t leave your life insurance death benefit to your estate. Fred purchased a $1 million term life insurance policy after he married Mary, naming her as beneficiary. He did not name a contingent beneficiary. A year later, Mary gave birth to their son Jason. Fred did not update his life insurance beneficiaries after his son’s…
Read MoreThankful for Integrity and Character
I recently spoke with my twelve-year-old son, Corey, about what it means to have integrity and character. As part of our conversation, I read a passage from Bo Schembechler’s autobiography, co-written by Mitch Albom. (Bo Schembechler coached the Michigan Wolverine football team from 1969 through 1989.) Today, people seem more likely to justify cheating because…
Read MoreDon’t Make These Three Big Mistakes When Choosing Your Life Insurance Death Beneficiaries
The choices you make when choosing your life insurance beneficiary can have disastrous consequences down the line. Here are three mistakes I’ve seen as an estate planning attorney. 1. It’s not your Will that determines who gets the life insurance money –it’s the beneficiary designation of your policy. If your Will says that your son…
Read MoreShould College Football Players Be Paid?
After watching ESPN Gameday’s panel discussion recently on whether college football players should be paid, I thought I’d write a little off-topic this time. Those who favor paying college football players argue that the current system exploits college players because they are unable to profit from their efforts or their likeness even though they generate…
Read MorePossession is Nine-Tenths of the Law
Before attending law school, I worked for the Navy. Jack Cabana, then a mentor and colleague, once told me a story that ended with the following quote: “possession is nine-tenths of the law.” This quote applies well to an often overlooked but very important estate planning piece—the Durable Financial Power of Attorney (DFPOA). This document…
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