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.

Mar 21, 2011

In Italian Luciano Visocchi's last will and testament, he left his estate, which is estimated at $700,000, to the city of Boston, Massachusetts, where his aunt and mother had reportedly lived for a number of years, according to the Boston Globe.

In addition to the estate, however, Visocchi inserted a clause into the last will that required the city to take care of some of its inhabitants.

"The City of Boston, MA, USA, is obliged to look after the old dogs Argus and Jak," the will said, according to an English translation.

Mar 15, 2011

A series of programs titled "Navigating Aging, Illness and End of Life" at Coweta's Central Library in Newnan, Georgia, has given local residents information on the benefits of creating a living trust, the Newnan Times-Herald reports.

According to the news provider, financial planner Sam Madaris recently gave a presentation at the library regarding estate planning, during which he touched on the creation of living trusts, which is designed to "take care of you when you are alive."

"You can set up other trusts to take care of your kids, your spouse

Mar 15, 2011

Concord, North Carolina's First Missionary Baptist Church and Hospice & Palliative Care of Cabarrus County are reportedly teaming up to host information sessions on creating living wills and other advanced planning advice, the Salisbury Post reports.

On March 16, the organizations will reportedly host two workshops specifically geared towards those planning to write a living will, according to the news provider. The first information session will run from noon to 2:00 p.m., while the second will take place from 6:45 to 8:00 p.m.

Mar 8, 2011

Acting legend Tony Curtis reportedly cut daughter Jamie Lee Curtis and his four other children from his last will just before he passed away, according to a recent Inside Edition report.

According to the news source, Curtis, who died last year at the age of 85, decided to leave his estate to the trustee of his trust, who is reportedly believed to be his fifth wife, Jill Vandenberg.

The news provider reported that it had obtained a copy of the last will, which was written just five months prior to his death.

Feb 28, 2011

Scholarships are available to seniors at Grayville High School in Illinois, as well as to graduates of the school who are enrolled in junior college thanks to the last will and testament of longtime Grayville resident Mable K. Toops, the Carmi Times reports.

According to the news provider, Toops' will detailed the creation of a trust to assist students from the Grayville school district to earn a bachelor's degree.