One of the most visited places in the United States is New York. There is no comparison to the cultural opportunities for residents and visitors alike. Some travel to the city in the summer to enjoy the parks and festivals, and others love the winter for the holiday lights and shopping. Of course, at this time of year, with the leaves changing color, there are few places more beautiful. In fact, many who visit decide to stay.
It is said that family members come together when a loved one is terminally ill so that they can set aside old grievances. While this behavior is ideal, it is not always the case. In fact, some people may take their umbrages to the grave by cutting specific people out of their wills. This may include children, siblings, business partners and especially former spouses.
The passing of a loved one is undoubtedly an emotionally difficult time, even if the recently deceased was a non-custodial parent who was delinquent on child support obligations. In these instances, a custodial parent may feel like a vulture over roadkill, but the reality is that a deceased parent’s child support obligations may not pass into the afterlife with them. Like other debts, creditors have a right to initiate appropriate actions to obtain payments on outstanding debt.
In a number of our posts we have highlighted the steady erosion of brick and mortar retailers as some succumb to the growing popularity of online shopping. To some, this may signal the beginning of the end of commercial real estate, but to others, it is simply an evolution of the marketplace.
Since a dispute over the late George Michael’s estate arose between the late pop star’s family and his lover, the media and legal analysts alike have been waiting with baited breath on whether a probate litigation battle will ensue.
While a number of estate planning posts focus what should be done to prepare for retirement, not much is said about life expectancy. After all, most retirement plans are based in part on how long a person is expected to live. With health care advances and more emphasis on healthy living, it is out of the question to think about living to 100?