- Wednesday, 07 August 2019 22:25
As college students head back to college, I wanted to remind parents that their college bound children should have a set of documents in place so the parents can access their medical info and make medical decisions if something terrible were to happen to their student. Once the child is 18, the child is in charge of their own decisions and hospitals do not automatically defer to the parents’ decisions.
Students should have a health care power of attorney, HIPAA release, living will, and financial power of attorney. I prepare the set of documents for a reduced fee of $150.
Parents are on their own in trying to access their child’s grades and tuition bills.
Pic is from Jack’s first day at OSU last year.
- Thursday, 25 July 2019 18:21
Just back from a long weekend in Seattle and Oregon with Janice. We met winemaker, Jean-Nicolas Meo, and Jay Boberg, owners of Domaine Nicolas-Jay. Boberg is the founder of IRS Records (think REM, Fine Young Cannibals, and the Go-Gos among other acts on his label). Wine and music are geek heaven for me. Post to follow shortly.
- Friday, 12 July 2019 16:35
CNN news anchor, Anderson Cooper, is the son of Gloria Vanderbilt who died last month at the age of 95. She in turn was the great-great-granddaughter of Cornelius Vanderbilt. She left all of her estate to Cooper save for her $1.2 million Manhattan co-op which she left to her son, Stan Stokowski.
Gloria Vanderbilt inherited a trust fund worth $35 million in today’s dollars when she turned 21. She also rode the wave of the designer jeans trend in the late 1970’s with her eponymous fashion which was worth $100 million at one time. Initial reports soon after her death speculated that she was worth $200 million. Probate Court filings have since revealed that she only owned her co-op and $1.5 million.
Several points, none too shocking:
1. The data about her net worth would be private if Vanderbilt had used a funded trust for her estate planning.
2. Rare is the fortune that lasts five generations before it is dissipated.
3. Four divorces, dedication to philanthropy, advisors who embezzle, and living into one’s 90s deplete one’s assets.
4. An incredibly gifted plastic surgeon will also deplete assets.
Photo Credit: Unknown
License: Fair Use/Education
- Wednesday, 03 July 2019 10:24
I wrote Paul Daugherty’s TML Blog again on Friday. I did a mid-year review of the sports world. I hope you like it.
Photo Credit: Kareem Elgazzar for Cincinnati Enquirer
License: Fair Use/Education (from linked article)
- Thursday, 28 March 2019 20:52
When my grandfather tended bar for the owners of the Cincinnati Reds in their luxury suite in the 1970’s, he had his picture taken with Johnny Bench. Today, I met Johnny Bench in the Dinsmore box and recreated the photo. Thanks to Brian Sullivan and George Vincent of Dinsmore. And special thanks to the greatest catcher of all time.