Estate Planning

Find newsworthy stories on estate planning—including poor estate planning, and issues and tips for last will and testaments, living wills and living trusts.

Jan 27, 2011

The Court of Appeals of Arkansas has delivered an opinion in a dispute between a mother and son over the last will and testament of a man who died in 2006.

The initial lawsuit was filed by Billy Randall Machen, also known as Randy, against his mother, Julia Machen. After the death of Billy Ray Machen - Randy's father and Julia's husband - in 2006, Julia filed a motion to probate a will Billy Ray had written in 1996.

Under the terms of the 1996 will, Randy was to be given $10,000 and a trust worth $20,000 was to be set up for his children.

Jan 18, 2011

A new report indicates that many laws create roadblocks to practical use of advance care directives like living wills, according to Reuters Health.

One of the ways in which state laws impede the process of crafting a living will stems from the advanced technical language used in necessary documents.

Jan 18, 2011

The living trust that owns a restaurant in Warren, Rhode Island, recently held a foreclosure auction on the property, reports

The Wharf Tavern is currently owned by the David Brayton Jr. Living Trust. The trust was founded in 2001 following the death of David Brayton, who had operated the restaurant for years.

Jan 18, 2011

A woman in Massapequa, New York, has created a fund in her last will to provide scholarships to students at a local high school, reports the Massapequa Patch.

The recently deceased Louise O. Butler set aside $500,000 in her last will and testament for the fund, which will offer financial aid to seniors at Massapequa High School who will be attending college.

The bequest, which will be known as the Edmond J. O'Connor and Louise O.

Jan 7, 2011

The Obama administration has removed references to end-of-life planning, which can be used to create living wills, from recent changes made to the Medicare program, reports The Associated Press.

The proposed rule change would have allowed doctors to discuss end-of-life planning, advance medical directives and living wills with their patients during annual checkups funded by Medicare, the federal program that provides healthcare to the elderly.

According to the source, an administration official attributed the change in course to the feeling that not all sides had been given a