June 13, 2011 |
Estate planning may be the last thing on the minds of many single people, but it really should be at the top of their list. "If you're single, you're kind of out there by yourself," said Norm Lofgren, estate planning attorney at Looper, Reed & McGraw in Dallas. "The thing that people have to understand is that people do die when they're young. If you don't have your affairs together, you add the trauma on top of the tragedy. " Planning ahead simplifies things for your loved ones.
April 10, 1994 |
A few years ago, a man knocked on the door of Harry Hildebrand's Pottstown home. Hildebrand, now 80, remembers the fellow as "a nice man and a real good talker. " The stranger was pushing something called a living trust, a document that essentially replaces a will and supposedly saves much of the delay and expense of probate - the process of settling an estate. Hildebrand said he had listened for an hour and liked what he heard. "So I said I'd take one," he said. Hildebrand paid $3,995 for the package of papers.
June 9, 2002 |
For people approaching retirement or senior status, take a bit of advice from those already there: Don't expect all of life's complications to automatically go away. There will be new financial and legal issues, along with long-term care concerns and the task of navigating through the maze of health insurance and government benefits. Add to this the need to protect against predators who seek to deceive, exploit or defraud the elderly, and one can appreciate the effort put forth by the Montgomery County Bar Association to help seniors make appropriate choices.
May 24, 2008 |
Byron R. Prusky, 72, of Penn Valley, a lawyer and certified public accountant, died of cancer yesterday at home. For more than 40 years, Mr. Prusky practiced law in the areas of tax planning, estate planning and employee benefits, and he was responsible for incorporating more than 500 small and medium-sized businesses. He participated in seminars on living trusts and estate planning, was a guest on the former WWDB-FM radio program Legal Perspectives, lectured extensively, and wrote articles in legal journals.
May 5, 2016
WASHINGTON - At first, when I heard Prince didn't have a will, I was sad. After all, the iconic singer, whose full name was Prince Rogers Nelson, was ferociously protective of his music and his image. He once wrote "slave" on his face to protest a music deal that left him without ownership of his work. During the dispute, you'll recall, we had to refer to him as "the Artist Formerly Known as Prince. " I came to respect the symbol that he used as his name for a while because he was fighting for his legacy.
December 12, 1997 |
A federal grand jury yesterday indicted a Bucks County man on charges of bilking dozens of people, most of them elderly, out of $1.4 million in a Ponzi-type scheme. Assistant U.S. Attorney Mary E. Crawley said William Palmer, 51, was charged in a 28-count indictment with billing himself as an investment adviser, encouraging people to invest money with him and lend money to his company, promising them returns of 12 to 25 percent a year. Instead, says the indictment, Palmer used the money to pay off earlier investors and for his personal and company expenses.
June 17, 1998 |
Ed Polisher goes to work each morning with a pocketful of reminders, little one or two-word notes he scribbles to himself and stuffs into his shirt pocket. The important ones he highlights with a red arrow: Advil, Hearing Aid, Newsletter . . . "What the hell is this one? I can't read my own writing. " Hey, when you reach the big 9-6, count your blessings you can still write. Polisher counts a lot. The 96-year-old attorney has been going to the office now for 75 years - longer than any practicing attorney in the city.
May 16, 2016 |
Will robo-advisers fully replace human financial advisers, because they're cheaper and more efficient? No way. And those who think so misunderstand what financial advisers do. "My clients pay me for advice, a holistic financial and retirement plan," as well as referrals to experts in trust and estate planning, said Michael Kitces, who runs a financial planning firm and follows the robo-adviser field. He's a huge fan of robos, which offer automated portfolio management, as well as automatic saving and investing and cutting-edge adviser software.
August 29, 2003 |
Few people like to think about their eventual demise, but ignoring the inevitable could financially harm the ones left behind. Financial experts agree that it's important to take some time to leave clear instructions that provide for your loved ones. If you don't, the courts will decide what will happen to your money and possessions, or you may leave your family and friends with difficult decisions to make. A new free set of publications is available from the Federal Citizen Information Center, the MetLife Consumer Education Center, the American Bar Association and the Legal Services Corp.
December 12, 1997 |
Federal prosecutors are wondering if self-styled financial consultant William R. Palmer went to church only to prey on others. Palmer, 51, of Washington Crossing, Bucks County, was indicted yesterday by a federal grand jury on a variety of fraud charges in an alleged four-year, $1.4 million swindle of 32 elderly investors, including four members of the New Life Christian Church, in Newtown, the church he attended. According to the indictment, Palmer gained the trust of church members and others by advertising "estate planning from a Biblical perspective" in religious publications.