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 7, 2011

The local government of Haines City, Florida, has purchased property from a living trust for the construction of a new library and city hall, reports the Ledger.

The five-member panel of city commissioners voted this week to pay $986,900 for the two parcels of land, which are currently held by the Gardner Revocable Living Trust and Cecil Baker.

Before the purchases can be finalized, the parcels of land must be subjected to a Phase 1 environmental study to determine what issues the city will face with cleanup in the wake of the demolition of the buildings currently on the prop

Jan 6, 2011

Elizabeth Edwards, the estranged wife of former North Carolina senator and 2004 Democratic vice presidential nominee John Edwards, left her entire estate to her three surviving children, reports CNN.

The last will and testament notably omits Edwards's husband, only mentioning that her three living children - Catherine, Emma and John - be given all of her property. A fourth child, Wade, died in a car crash in 1996.

Edwards passed away last month at the age of 61 after a protracted struggle with breast cancer.

Dec 28, 2010

A new Medicare regulation set to come into effect on January 1, 2011 will cover voluntary discussions of end-of-life treatment during patients' annual visits to doctors, allowing them to plan out advance directives they can incorporate into their living wills, reports the New York Times.

The new regulation permits doctors to discuss how aggressively patients would like to be treated if they are no longer able to make their own healthcare decisions.

"Advance care planning improves end-of-life care and patient and family satisfaction and reduces stress, anxiety and dep

Dec 28, 2010

An 83-year-old Michigan woman who had planned to place her extensive collection of autographed baseballs into a living trust decided to auction the mementos to raise money for charity, reports the Detroit News.

Jane Bell has held Detroit Tigers season tickets since 1984, and she obtained her first signed baseball that year. She reportedly did not pay for any of the autographs.

Bell ultimately decided that instead of keeping the 136-ball collection for herself, she would auction it off to raise money for St.

Dec 27, 2010

A judge in British Columbia has overturned the last will and testament of a deceased man after a challenge filed by his daughters, who were left out of the will entirely, reports the Toronto Sun.

The three daughters of William Werbenuk, who died in 2008 at the age of 86, filed the petition after their father's will left his entire estate to his only son.

The judge, Randall Wong, overturned the will due to the combined influence of so-called "contemporary moral standards," the financial need of the daughters, the abusive "treatment of his daughters during hi