Quick Caribbean cruise with Jack and 3 St. Xavier classmates including a day in Cuba. Post soon.
Till I Get to the Bottom and See You Again
- Saturday, 31 March 2018 22:07
In news of no importance, a California court ruled that the body of infamous mass murderer, Charles Manson, should be given to his grandson. The claims of a man claiming to be the son of Manson via an orgy and someone who was Manson’s pen pal were denied. The question of who will inherit Manson’s estate is still to be determined.
A few points:
1. The body was released to Manson’s closest living relative as it should have been.
2. The competition for the body of a man who personified “evil” is odd.
3. The battle for the body is a prelude for a battle for his estate although after 47 years in prison the estate likely consists of a blanket, toothbrush, razor, and a few dollars for working in the prison laundry.
Photo Credit: California Dept. of Corrections
License: Fair Use/Education
We Rebelled Against Monarchy for a Reason
- Saturday, 31 March 2018 22:03
Times are slow in the estate planning news area. I have been awaiting the resolution of a court hearing in Hawaii about the estate of their last living “Princess” for the past month. Alas, nothing has been reported.
Abigail Kinoiki Kekaulike Kawananakoa is considered the last living Hawaiian princess. Her great-aunt was the last Queen of Hawaii. Her great-grandfather was a pineapple magnate who left her a fortune. The 91 year old survived a stroke last summer. Her long time attorney was granted control of her $250 million estate. Her long time 64 year old girl friend married her last Fall after initially breaking up with her because she wanted more than the $700K annual allowance she was receiving.
A few points of some pithiness:
1. Planning wise, Abigail should have had a financial power of attorney designating someone to handle her finances if she were incapacitated.
2. She also should have a medical power of attorney allowing someone to assist her with her medical decisions when necessary.
3. Hawaiians revere their royalty no matter how tenuously connected to the throne from 125 years ago.
4. Some (including me) might call a woman who marries an incapacitated wealthy woman 27 years older than her an opportunist rather than a wife.
Photo Credit: AP
License: Fair Use/Eduction
Give It Up or Turnit Loose
- Thursday, 22 February 2018 09:07
James Brown, the Godfather of Soul, died in 2006. His estate is still unsettled due to myriad lawsuits. He had intended to leave $2 million for scholarships for his grandchildren, memorabilia to his children, and the rest to a charity for scholarships for children from SC and Georgia.
Lawsuits have involved whether a woman should have been trustee, whether people should have been removed as trustee, the paternity of a son, and the validity of Brown’s marriage (his wife reportedly was married at the time of their marriage) plus the run of the mill will contest suits. The most recent suit involves whether his wife could sell the rights to his songs.
Two points:
1. There are no good lessons here. If heirs want to fight, they will find reasons to fight and no planning can prevent that.
2. I always preferred the music of Brown’s contemporaries, Otis Redding and Sam Cooke, both who died tragically young. One benefit of dying young is that there is no large estate to fight over nor large family to fight.
Photo Credit: Michael Holahan/Augusta Chronicle, via Associated Press and linked NYT article
License: Fair Use/Education
Not All Tattoos Are Pointless
- Thursday, 22 February 2018 09:02
When an unconscious Florida man was brought to a hospital without identification but a tattoo that said “Do Not Resuscitate” and a signature, doctors were surprisingly faced with what to do with the dying man. They first thought they should disregard the tattoo because it might not reflect his current wishes because he might have gotten it when drunk. An ethicist later over-ruled the doctors and said that his tattooed wishes must be respected.The man eventually died. An NYU ethicist quoted in the article said that people should carry their health care directives with them to prevent these problems.
Several points:
1. Sad that the hospital was at first going to ignore something as obvious as the man’s tattooed wishes. Even if he were drunk when he obtained the tattoo, he could have remembered to remove it any time whenever he saw himself and the tattoo in a mirror.
2. I have scans of all my clients’ documents and have occasionally been asked to send them to a hospital while I have been out of town. The cloud can be a tremendous tool.
3. Carrying one’s health care directives in case of emergency seems like an extreme command by the ethicist especially in the case of homeless folks who are simply trying to push a cart with their blankets and clothes and looking for food. Neatly preserved health care directives would seem to be low on the priority list.
4. Moving beyond homeless folks, asking folks to carry their health care directives while they run to CVS or Sam’s Club seems burdensome. This is further proof that the academic world is not the real world.
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