Vidal Gore Dies at 86

The author, playwright, politician and commentator whose vast and sharpened range of published works and public remarks were stamped by his immodest wit and unconventional wisdom, died Tuesday at age 86 in Los Angeles. 

Vidal Gore was revered by many throughout his varied and vast career.  His legacy included hundreds of essays, the best-selling novels “Lincoln” and “Myra Breckenridge” and the Tony-nominated play “The Best Man,” a melodrama about a presidential convention revived on Broadway in 2012.

How will you be remembered?  Contact us at www.ythlaw.com for all your estate planning needs.

When sending your Child to College a Power of Attorney is a Must Have!

If you have a young adult (18 or older) or you are a young adult, it is important to have powers of attorney in place.  Parents are often surprised that they do not automatically have access to their child’s healthcare information or other college records.  If your child is in an accident, you do not want to go through red tape to address their health needs.  But, that is what will happen if the right documents are not in place.  

As a young adult, you want to have someone you trust and who cares about you available to handle your health issues and other affairs if you are in a car accident, have a serious sports injury or experience some other traumatic event.  Your medical information can only be shared with the person you designate.  Prepare for the unexpected to assure the road to recovery does not take a detour. 

Here are some answers to your important questions. 

When does an agent sign the power of attorney? The agent does not have to sign at the time that you sign your power of attorney. The agent's signature does not have to be notarized only your signature. Your agent signs when you are in need of their help. 

How do you revoke an agent's authority? You should maintain your original powers of attorney. If you no longer want a person to serve as your agent, then the powers of attorney should be destroyed and new ones entered into. If your agent has an original power of attorney, then you must get it back and destroy it. Otherwise, you have to inform those individuals who may rely on the power of attorney that you have revoked your agent's authority. ALWAYS appoint someone whom you trust.

Springing Power of Attorney.   There is another type of power of attorney referred to as a springing power of attorney. It can only be used if a doctor has certified your incapacity and such certification must be attached to the power of attorney for it to be effective. The springing power of attorney is revoked once you regain capacity.

Call me today and I'll get your child's Power of Attorney done before they leave for school.

Selecting a Guardian Might Come With Some Drama

Just before the news broke regarding the guardianship of Michael Jackson’s children, I received this question.  Can the selection of guardian for minor children withstand a legal challenge by the grandmother?   In this particular situation, a non-relative was chosen by a couple as the guardian of their children.  The wife’s mother was not pleased when she found out her daughter’s decision. 

Selecting the guardian for your minor children is one reason for having a Will.  Even though your selection could be challenged (it’s the American way), it does not mean it will be successful.  The courts generally uphold the appointment of the guardian selected by the parents. Any challenge would have to allege and demonstrate that the guardian selected is unfit or unable to properly care for the children.  The court considers what is in the best interest of the child.  Status as a relative is not a controlling or determining factor.  A grandmother does not have a legal right to override the parents’ selection merely because the grandmother prefers to serve or have a relative serve as guardian.  Parents are generally in the best position to determine who would be in the best position to care for their children.   

That being said, it is wise to have conversations regarding guardianship with those whom you know will be upset with your selection and work through those issues during your lifetime.  Further, you should update your selection as circumstances change, including aging, financial stability and interest.  It is not in your child’s best interest for them to be embroiled in a legal battle when they have already lost so much.

The Importance for the LGBT Community to Engage in Estate Planning…

It is just as important, if not more important, for

couples of the same gender to engage in estate planning.

I was talking with a CPA specializing in estate planning about the unique tax issues that arise in domestic relationships. Specifically, she expressed that couples of the same gender, unlike married couples, have no IRS exclusion for property or monetary transfers between them. Such transfers could be subject to gift tax and transfer tax. If there are significant assets involved in a separation betweencouples of the same gender, even if the financial provider wanted to be fair with property division, the tax consequences may be prohibitive. After the lifetime exclusion of 5 million, which may go back to 1 million, the excess will have a gift tax imposed. The maximum gift tax rate in 2012 is 35%, and it may be raised in later years. The gift tax rate is a hefty tax for anyone to pay.
To the extent you can address tax situations as well as protect your relationship, cohabitation/domestic partnership agreements are advisable. They are particularly beneficial in the following situations:

1. when a second person's name is added to a deed after considerable equity has already been established in the home during ownership by the first owner. The agreement will help clarify ownership interest in the real estate.

2. when property purchased jointly is only held in one person's name

3. when one person is the financial provider and the other is a homemaker

4. when unequal contributions are made towards the purchase of jointly held property

5. when there is an interest in giving benefits or rights to another that are not required or available under the law

6. when assets are co-mingled or combined

7. when there are family members who may dispute the interest of a domestic partner.
It is always wise to have an agreement between couples of the same gender. There are many situations that we can not anticipate, and having an agreement in place is always helpful.

Call me today if you have questions pertaining to Estate Planning for the LGBT Community

Dark Knight Rises - Aurora, Colorado

President Barack Obama hugs Stephanie Davies, who helped keep her friend, Allie Young, left, alive after she was shot during the movie Aurora movie theater shootings in Aurora, Colorado.

When I heard about the tragedy Friday morning the 20th, my heart went out to all the families directly affected and all of us who can only imagine the pain.  We can not allow such senseless tragedy to take over even our simple pleasures. 

This pass weekend my family gathered to celebrate my mother's 76th birthday.  Of course, one of our usual outings with the children during these festivities is going to the movies.  But, naturally, we took pause as the Aurora tragedy continued to unfold.  No one was up for a midnight Batman so Spiderman won out.  Those going to the movie were much more vigilante in assessing their surroundings.  But, come on, is this how we must live our life?  Can we, as a people, as human beings, figure out how to take back control over the simple act of going to the movie with your children? 

I ask because I do not know the answer.  I blog, I tweet, I facebook, I ponder!!

Planning Ahead - Get Your Affairs in Order

Woody Allen is credited with saying, “If you want to make God laugh, tell him your plans.”  I would be the first to admit that we certainly aren’t in control of as much as we’d like to think we are.  So, in my estate planning with clients, I like to take a look at where they have been.  That is the back story, the legacy piece that we ALL have and that keeps my work interesting, intriguing and varied.

More than plan, I create a map, of sorts, for my clients.  The future has many twists and turns, alternative routes, hills and valleys.  Our estate planning "map" could include Wills, Trusts, Powers of Attorney, Gifting, etc.  It provides for our intentions BUT allows the details to unfold in accordance with the universal principles.  The estate planning  "map" for each client has flexibility and often is updated with changing circumstances.

Once we have our  estate planning "map" which details our wishes, needs and desires, we can focus with clarity around our intent and accept that the details are not within our control, only our intentions.  Contact us at www.ythlaw.com

A Will Serves Many Purposes

On this hot, 97 degree day in July, I share with you this hot tip.  Really, truly, for the most part, none of us know how we might die.  We know we will die, but not when or how.  So when folks say "I do not need a Will, I have "nothing"," I share this story.

A young man's mother was killed in an automobile accident.  The other driver ran a red light going at a high rate of spend in his deliver vehicle.  He survived with minor injuries and was declared to be at fault.  He was sued by the son for wrongful death of the mother.  The insurer for the driver's fleet of deliver trucks settled the suit for excess of $900,000.  Though the mother had "nothing" her estate now is worth $900,000.  Who gets her assets?  She was estranged from her husband for 17 years (never divorced) and she had 3 children (her son with whom she lived, a daughter with drug issues and another daughter who died leaving her only grandchild).

The intestate law would distribute the estate to the husband, son and daughter.  The grandchild would not be entitled to any of the estate.  Is this the result that would have been intended if a Will was done?

Contact us at www.ythlaw.com for your probate, estate planning and elder law needs.

Beneficiary Designations are Important

I was recently working on an estate matter which demonstrated the importance of updating and keeping track of your beneficiary designation.  Many of our seniors obtain life insurance to provide for their funeral.  However, the person designated as the beneficiary does NOT have to use the monies for the funeral.  They could choose to keep the money for their own benefit.  

In this case, the person designated her brother as the beneficiary under her life insurance policy.  He had agreed to use the money to take care of her funeral expenses.  Since he WAS her closest living relative, he would not have to come out of pocket to bury his sister.  WELL, her brother predeceased her and her secondary beneficiary was her niece (her brother's daughter) who did not have the same interest as the decedent's brother.  The niece wants to use the insurance to purchase a house and is only willing to provide some funds towards a funeral.  What is to be done?  Either the other family members will have to all contribute towards a funeral or there will be a cremation or an inexpensive service, less than what would have been affordable with the insurance proceeds. 

SO, keep your beneficiaries up to date BUT more importantly it would be better to just prepay your funeral and not depend on others to use insurance proceeds in your best interest.  Contact us with your estate planning, probate, guardianship, and business succession planning needs at www.ythlaw.com

Prenuptial Agreements and the Business Owner

I was talking with a new business owner.  He just purchased a service station and was so excited about this new venture.  He had worked in the business since high school and so was quite sophisticated in business matters at such a young age of 29.  He had also met the love of his life on an on-line dating service.  Now, his dilemma is he wants to get married but does not want to have his business part of the assets of this new union.  Not a problem at all with the use of a Prenuptial Agreement.

A business owner may want to protect his exclusive rights to the business if the marriage fails, as in the case for this business owner, or control the diposition of the buiness after his death, ie. for parents or the child of a prior marriage.  For purposes of best practices, the following should always be consider and done:
1.  Make sure it is voluntary and not done under duress.
2.  Make a fair financial disclosure.
3.  Share the proposed agreement well before the wedding and even before the wedding date is set.
4.  Demonstrate some fair negotiation if one party clearly is less well off than the other.
5.  Each party should have their own counsel even if one has to pay for the others.
6.  Fairness should be demonstrated in the process when their is an economically weaker party.

Contact us for all your probate, guardianship, estate planning, business succession planning and prenuptial agreement needs at www.ythlaw.com.

I am back to my blogging.  I started answering questions posted on AVVO.  As a result, I did not blog as much.  However, I think the information shared blogging helps people i n their quest to understand the world of estate planning.  AND so, I am back and will be posting more and more informative blog posts for you and your family. 

Today, I mentioned the importance of a Special Needs Trust to supplement funding to those with disabilities on governmental assistance.  Specifically, I am looking at the type of Special Needs Trust referred to as third party funded trust.  These are trusts that do not hold monies of the disabled person but money of one who wants to care for the disabled person, a parent, grandparent or other relative.  If you provided these funds directly to the disabled person, then their benefits could be affected.  You do not want to have that happen.  So look into creating a Special Needs Trust at your earliest convenience. 

We are here to help at www.ythlaw.com

RSVP Today: 215.321.4033

You’re invited to our next Free Seminar

May 3, 2012

The Guardianship Process:

Learn How to Become Guardian for a Loved One

Whitney Houston Dies at 48. A Legacy of Musical Talent

Whitney Houston was a Pop Diva of the 80's and 90's. with a musical career prior to that time and after.  We all have our favorite Whitney songs.  I loved her performance of "The Greatest Love of All", "I Wanna Dance with Somebody", "I Believe in You and Me" and my all time favorite is "I Will Always Love You".  I enjoyed her performances in The Body Guard and every Christmas we enjoy watching The Preacher's Wife. 

She is now among the many muscial giants who have passed on.  She will be missed and may her family, friends and fans find comfort in memories of her and the tremendous musical legacy she left behind.  

Soul Train's Creator Dies at 75

I grew up on Soul Train.  I was a teenager when it first aired.   Top artists of the times appeared on Soul Train.  However, what stood out most for me, was the awesome dancing.  To this day, when you get a group of adults together at a party with great dance music, the "Soul Train" line is formed.  And the memories take over even though the body can not necessarily take you there!! 

Don Cornelius was clearly a legend who will be missed by family, friends and admirers.

Legendary Coach Joe Paterno Dies at 85

For over  46 years, Joe Paterno served as head coach of Penn State's Nittany Lions.   He won over 409 games and took the Nittany Lions to 37 bowl games and two national championships- earning a spot in the Hall of Fame.  More than 250 of the players he coached went on to the NFL.

What will be the legacy of this man who in the last few months of his life endured bitter scrutiny over a failure to take action that many felt he was compelled to take and did not?  Some still feel that he should and will go down as the greatest football coach in the history of the game.

When it is all said and done, it is our legacy that we leave behind.  Though we do not ultimately write it (some with forethought actually do), our life's work has to speak for itself.  The difference that we make while we live is the purpose that we served.  It should be how any fiinal act in our life is judged.

Contact us at http://www.ythlaw.com/ for your estate planning, probate, guardianship and elder law needs.

 

Legendary Jazz Singer "Etta James" Dies

The legendary jazz and blues singer Etta James dies at 73.  She was a pioneer whose legacy will be remembered as her ever-changing sound has influenced rock and roll, rhythm and blues, pop, soul and jazz.  She was one of the most important female artists of her time. 

We will follow her estate as it is settled between her heirs. For now, we remember her music and her life.

Contact us at http://www.ythlaw.com/

Q and A about POA...

Question: My Dad made me his POA (2008) in 2011 he had a stroke, nursing homes, now he is home.
He has dementia now. Last week had a violent episode with me. He has a heart defibulator and
out of fear he would get sick I asked my sister to come and take him with her. Now she does not
believe he has dementia or I was even attacked and is discouraging him from coming back to his house.
He is left home alone during the day in her 1 bedroom appt while she works and he is diabetic on 2 types of insulin.
I live with him and am also his caregiver but at this point he does not want me to care for him
he believes he can care for himself.
Legally what can I do as his POA to get him back to his home safe environment or to an assisted living facility?

Answer: 

The Power of Attorney does provide you with broad authority to act on your father's behalf. However, he also has the right to revoke the Power of Attorney once given. If he is not in agreement with your actions on his behalf, it could become difficult for you to assist him. 

If you do believe he is incapacitated, you may have to go through the more formal process of Guardianship to accomplish your goals. This would require you to be able to demonstrate to a court that your father can no longer handle his affairs. This will have to be supported by physicians and other experts. You will need an attorney to assist you in this process if you believe your father's incapacity can be documented. 

To get your POA drafted today call us for an appointment!

Are You Responsible for Your Parent's Debts?

This question is often asked in the nursing home context.  What obligation do children have to their parents when they are in need of continued care but can no longer afford it?

Well, Pennsylvania does have a Filial Support Law where a child may be held  liable for the debts of their parents.   How often it is used is unclear but it is on the law books and available to nursing homes trying to collect unpaid bills.

You  want to encourage your parents, or help them, to apply for medicaid if you anticipate they may not have the funds to continue to pay for their nursing home costs.  Many nursing homes will provide this support but are not all do so and further they may or may not adequately handle it.

Therefore, you want to be proactive and seek the necessary professional guidance so that you are protecting your parents as well as your financial security.  Contact us to discuss all your elder law and estate planning needs at www.ythlaw.com 

Happy New Year!!!

Well it is 2012.  Other predictions notwithstanding, what are your desires for the New Year.  I have many and a few I share here with you:

When I open my mouth, I want words that are true, supportive and unhurtful to always come forth.
When I open my mouth, I want wholesome, lifesustaining and health promoting substance to go in.

When I open my eyes, I want to see the brighteness of the day and the good in humankind.
When I open my eyes, I want to take a reflective look at myself to make the change that I want to see.

When I open my heart, I want to love unconditionally.
When I open my heart, I want to be one with the Creator of all things.

I wish you much happiness and peace in the New Year!!

How can I find out who the Beneficiary is Under a Life Insurance Policy?

There are so many issues that come up during the estate administration of a person who has died.  Often family members want to determine the beneficiary under any life insurance policy.  Further, if there are children of a prior marriage this information may not be easily attainable. 

Life insurance policies do not go through the probate process.  The probate process does establish a public file that any one can view.  However, the insurance policy is a private contract between the insured and the insurance company.  There is no real audit trail or documentation regarding who may have received insuarnce proceeds.  Therefore, it is important to let family members know about your insurance policy or at least the person that you named as beneficiary.  You do not want to leave your family members in the dark if they need to know. 

Put your affairs in order today.  Contact us at www.ythlaw.com

Beneficiaries of a Will Need to Be Timely with Complaints

A potential client called regarding issues with the executor of an estate.  The caller was a beneficiary under the Will.  However, it had been over 13 years since the Will was probated. 

It is important to be timely with any issues you might have when you are a beneficiary under the Will.  You want to make sure  you get the assets that you are entitled to receive.  You will impact your opportunity to obtain whatever monies you are due the longer you might wait to raise issues.

When a Will is probated, there are timeframes that must be met. The Executor is required to provide a status report to the Register of Wills within as well as file the inheritance tax return within 9 months of death. The estate can be closed out with either a final accounting to the court or a Family Settlement agreement.   If you are a beneficiary under a Will you have to be notified to properly closed out the estate.  You can obtain a copy of the probate file to see what has or is occurring.

Contact us for your probate needs and questions at www.ythlaw.com

Without a Will - There Will be Unintended Consequences

I just recevied a call from a prospective client.  She had an issue that, unfortunately, happens to many people.  However, it can be avoided with proper planning. 

The caller's mother died without a Will and her primary property was her home.  Her husband predeceased her but her 2 children survived her.  The caller has lived in the home with her mother while her sister has never been involved with the mother or expressed any interest in the home.  Now, the mother has passed and guess who gets the home.  YOU GUESSED it, the caller and HER SISTER equally.

Even though the caller obtained Letters of Administration to handle her mother's estate, it does not give her 100% interest in the estate.  She did get appointed because her sister expressed no interest in handling the administration and signed forms to that effect for the Register of Wills, this did not serve as a disclaimer of her inheritance.  That is a separate "estate administration" process. 

So, encourage your loved ones to get a Will done so that unintended consequences do not happen to them.  Contact us for expert estate planning!

Beware the Unintended Consequences

Over the last 2 days, I have discussed TOD, POD, Joint Ownership, Beneficiary Designations.  You want to title your assets to meet your specific needs and not have Unintended Consequences. 

If you retitle your asset into a joint title with rights of survivorship, you give up the right to give that asset to another person under your Will.  Similarly, when you create a POD bank account or a TOD brokerage account, you give up the right to leave the account to another person under your Will.

You want to have your estate plan handled by a professional.  Contact us at www.ythlaw.com
for all your estate planning, estate administration and elder law needs.

Joint Title with Right of Survivorship

Two popular forms of joint ownership are Joint Tenancy and Tenancy by the Entirety.  The Tenancy by the Entirety is limited to joint ownership between spouses. 

The Joint Tenancy allows joint ownership between any two or more persons.  One of the distinguishing features of both Joint Tenancy (with Right of Survivorship as oppose to In Common) and Tenancy by the Entirety is the Right of Survivorship.  When one joint owner dies, the deceased owner's interest in the asset goes to the surviving joint owner automatically.  This result is not affected by the deceased owner's will.

You want to make sure your property ownerships are done correctly by seeking expert legal advice.  Contact us at www.ythlaw.com

POD Accounts and TOD Accounts

Many clients have asked whether Payable On Death (POD) accounts and Transfer On Death (TOD) accounts will have the same effect as a Will.  A bank account titled as a POD account with a seignaed beneficiary and a brokerage account titled as a TOD account with a designated beneficiary will be paid to the designated beneficiary regardless of the terms of the Will.

A POD is a bank account that enables an account owner to designate one or more beneficiaries who will receive the funds of the bank account at the account owner's death.  A TOD account is a securites account that enables an account owner to designate one or more beneficies who will receive the assets of the account at the account owner's death.

Therefore, it is important in estate planning to look at all your holdings and determine whether the arrangement meets with your intent.  We help you make sure that uninteded consequences do not happen to your family.  Contact us at www.ythlaw.com

Final Accounting - Estate Administration

The administrator or executor of an estate must do a final accounting prior to distribution to the beneficiaries.  The final accounting can be done formally, ie. filed with the court, or an informal family settlement agreement can be used.  Even in the informal accounting, all assets and expenditures must be addressed. 

A question was posed regarding signing a waiver and release which holds the administrator and the attorney harmless for any mistakes or errors as part of receiving a distribution from the estate. The waiver seemed overly broad and there were concerns about signing.

First, you should be clear regarding what you are signing and that may mean you have your own independent legal review of the waiver you are being asked to sign.  In many cases, such waiver can be modified to be more limited in scope since generally a broad one is used even in cases where its application is not appropriate. 

For expert estate administration advice and guidance, contact us at http://www.ythlaw.com/

Intestate - Die without a Will

It is so important that you make a Will.  But, the question often arises what happens if you die without a Will?  If there is no Will at death, the intestate laws of the state apply. 

A question was posed regarding the death of a spouse leaving a wife and 5 children without benefit of a Will.  For real estate, if the property was owned jointly with the wife, the property will go by joint ownership to the wife.  The other assets would go as follows:  The first 30,000 would go to the spouse and the remaining would be split 50% to the wife and 50% equally distributed to the 5 children.  Note, this would include any real estate that was owned in the husband's name alone.  If any child is under the age of 18 their share will be held for them and given out right to them at the age of 18 years of age.

Would this be the result you would like to see for your estate?  Many would say no!  Save your estate by making a Will today.  Contact us at http://www.ythlaw.com/

Free Seminar Thursday - RSVP 215-321-4033

How Long is Probate?

Clients often want to know should they set up a trust to avoid probate in Pennsylvania.  Though in some states, you want to avoid probate due to cost and the length of time involved, Pennsylvania does not fall into that category.  However, you still want to understand what the time period for probate might be. 

In Pennsylvania, the inheritance tax is due within 9 months of death.  Of course, you can file earliers.  Upon filing the return with the Register of Wills, you want to generally allow 4-6 months for processing by the Department of Revenue.  The Register of Wills serves as agent for the Department of Revenue.

Generally speaking the overall estate administration for most Pennsylvania estates with any complexity is 12 to 18 months if handled properly.  The clock starts to ticking upon the appointment of the estate administrator/executor.  Sometime that process may cause a delay if there is no Will or a challenge to a named Executor in the Will. 

The final step is a formal or informal accounting of the estate.  If done formally, it could take an additional 2-3 months to get a Hearing on the formal accounting.  If done informally, distribution would occur once all beneficiaries are in agreement with the settlement. 

You want the guidance of an expert attorney in this area.  Contact us at http://www.ythlaw.com/ for all your probate needs.

Power of Attorney - Does not permit your Agent to Make your Will.

One of my clients recently posed a question regarding the General Power of Attorney.  She serves
 as Agent under her mother's General Power of Attorney.  Her mother is now unable to handle any of her affairs.  She does not have the capacity to make a Will which she never got around to doing. 

Can her daughter make a Will for her mother?  Quite simply the power of attorney would not allow the daughter to make a Will for her mother.  Only the person making the Will can have one created for them.  If her mother still had capacity to make the Will but was unable to sign the Will, then many jurisdictions permit proxy signatures -- someone signing for the testator.

Therefore, though the daughter could provide a proxy signature, she could not handle the whole thing, from development to execution. That would effectively make the document her Will, and not her mother's.

Share your questions here for a response or contact us at www.ythlaw.com

Are You Ready for Retirement?

I remember when I was a child how time seemed to drag on.  Summer was forever and of course the school year was forever as well.  Now, Summer breezes by; Fall leaves quickly, Winter thaws swiftly; and Spring flowers rapidly.  I suggest that if we were to slow down and stop doing, we could just be with the seasons. 

As we age, we should enjoy each season.  Planning for our retirement is a part of enjoying the seasons of our life.  Have you saved enough money?  Is your money invested safely?  Have you been able to eliminate all debt or at least most so you can live on less?  If you have not been able to answer yes to these questions, then now is the time to focus on what matters most, your retirement years. 

We help you plan for the future by reflecting on your past accomplishments, celebrating your present moments and enjoying the prospects for your future.  Contact us at http://www.ythlaw.com/

Are You Living Your Relevant Life?

What is your legacy?  When you speak does anyone listen?  Does it move or change anyone?  Have others taken necessary action beneficial to them because of YOU? 

It could be hundreds, thousands or just one.  If you AFFECT the action of one or the actions of many and it made you feel alive, needed or energized, you are living your relevant life.  If that is not the case for you, what are you waiting for?

We take the time to assess the life you are living when we do your estate planning.  Through this process many come to understand what is most important in their lives.  It can be a time of profound discovery and potential CHANGE.

Contact us at www.ythlaw.com for your estate planning needs.

Legacy of Peace

The legacy we leave to our family is important.  Many also live a life whose legacy will change the world. 
The 2011 Nobel Peace Prize was awarded Friday October 7, 2011 to Liberian President Ellen Johnson Sirleaf, Liberian peace activist Leymah Gbowee and Tawakkul Karman of Yemen for their work on women's rights. The Norwegian Nobel Committee honored the three women "for their non-violent struggle for the safety of women and for women's rights to full participation in peace-building work."

Steve Jobs - His Life, His Legacy

We mourn the death of a man whose technological advances were revolutionary.  Our regularly scheduled television programs were interrupted to announce his passing because his death was of such significant note.  BUT it was his life that was the most significant.  There are so many lessons from his life but four (4) stand out::  (1) Live Each Day as though it is Your Last   Stop!! Think, at this moment in time are you doing what matters most.  Tomorrow is not guaranteed to you.

(2) Surround Yourself with Great People  Look!!  Are the people in your circle teaching you anything new or just draining you.  Connect with the best and let go of the rest.     

(3) It does not matter what others think.  Listen!!  You have to be unaffected by others opinions of you whether such opinions are Good or Bad if you want to be the master of your destiny.  

(4)    Find YOUR Passion.  Heart Centered!!  Where does your heart lead you?  What is it that makes you feel true to yourself.  What is it that you could do all the time and say "Oh, that is not work."  BUT in fact it is.  You have found your passion.  Go For It!!

Discussing The Seven Principles of Wealth

In addition to discussing the 7 benefits of estate planning, I also covered the 7 principles of wealth during my presentation at the American Embassy in Jamaica.  

The 7 principles of wealth are (1) enjoy what you do; (2) have a budget; (3) put your money to work for you; (4) protect your resources (be prudent and wise/seek professional advice); (5) access whether to own or to rent; (6) save for retirement; and (7) increase your knowledge in order to obtain your specific goalsrainawoseve pay 

Discussing the 7 Benefits of Estate Planning

I covered 2 primary topics during my presentation at the American Embassy in Jamaica.  One was the 7 principles of wealth which I will post on tomorrow and the 7 benefits of estate planning. 

The 7 benefits of estate planning are (1) protect assets; (2) save money; (3) establish a legacy; (4) address special circumstances; (5) discern elder needs; (6) distribute wealth; and (7) obtain peace of mind.  

To learn more contact us at www.ythlaw.com

Death is Life - A Reflective View of My Jamaica Journey

I share with you a link to one person's reflection on my visit. She served as the Public Affairs specialist for my trip.
Her words help capture the wonderful experience I had sharing my estate planning expertise in Jamaica.  I spoke to the retired community, American Embassy personnel, college and high school students as well as those in the legal community. 

Contact us  for your estate planning needs.

Estate Planning- Preparing For A Prosperous Future

The Founder and CEO of the Caribbean Community of Retired Persons ("CCRP") thanks me for my presentation to the CCRP during my visit to Jamaica.  Estate Planning: Preparing for a Prosperous Future was well received by those in attendance.  It was a rewarding experience to reach seniors and the retirement community in Jamaica.  Seniors around the world have made significant contributions to their community and so it is only appropriate that organizations are formed to address their unique needs and interests.  It was an  honor to present to such an important and distinguished audience.   

Yvette E. Taylor-Hachoose with Jean Lowrie-Chin of CCRP

Caribbean Community of Retired Persons

Jean Lowrie-Chin, the Founder and CEO of the Caribbean Community of Retired Persons (CCRP), warmly welcomed me to Jamaica.   Like the AARP in the United States, the CCRP recognizes the important resource the senior population provides to the community.  As an organization,  CCRP seeks to help seniors and retired persons to live life to the fullest.  They look for sponsors to provide programs and benefits of importance to the retirement community.  

Providing advice and guidance to our seniors is part of the Elder Law services at Taylor-Hachoose Law Offices.  Contact us at http://www.ythlaw.com/

Jamaicans Interested in Estate Planning Book

At my presentations at the American Embassy and the Jamaica Fulbright Association, my most recet book Stop!  What Are You Waiting For?  Your Step By Step Guide To Estate Planning was available to the attendees.  In Jamaica as in the states, estate planning is important for asset protection, asset distribution and legacy creation. 

Making the book available nationally and internationally to encourage estate planning everywhere is one of the primary goals of my legal practice.  Plan now for a prosperous future by getting your Will done today.

American Ambassador to Jamaica

Estate Planning is about to get a boost in Jamaica through public forums in its cities of Kingston and Mandeville.  The estate planning topic is being sponsored by the United States Embassy on September 22 and 23, 2011.  I will serve as the Guest Speaker and subject matter expert. 

This is an opportunity which is important for many reasons.  Of course, it is a topic that I write about and feel is critically important to everyone.  With these particular presentations, I also have the opportunity to be hosted by and present to my former undergraduate professor.  Ambassador Pamela Bridgewater taught in the Political Science Department of Morgan State University before her stella career in the foreign service.  She continues to be a role model to all her former students and to many others whose lives she has touched.  I look forward to being a part of the American Embassy's important work in Jamaica. 

 

Jamaica - The Artist and Estate Planning

Estate planning is of particular importance in the Art world.  However, many artist, like most folks, have not attended to getting their affairs in order.  Whether it is visual, musical or other art forms, it is important that the artist protect and preserve his or her intellectual property rights, his or her copyrights or his or her ownership of work produced in a physical form. 

I had a conversation during my recent visit to The National Gallery of Jamaica about Artists and Wills.  The museum has seen first hand what could happen to works on loan when an artist dies without making provisions for his art work.  Money and time can be saved when an artist makes his plans clear by having a Will and keeping it up to date. 

We all have loved ones we want to protect and assets to preserve and pass on.  Contact our offices at http://www.ythlaw.com/ for your estate planning needs.

Jamaica - Local News

Whenever I speak in a foreign country, I read their local papers for current events.  You want to understand what is happening in a country during your visit.  It helps with the relevancy of my presentation to put it into a local context. 

In this morning's paper, The Gleaner, there was a probate question posed by one of the readers.  The response was provided by a local attorney.  It was strikingly similar to inquiries I have addressed.  What happens when the original will can not be found?  What happens if the executor named in the will is deceased?  What happens if the executor named in the will does not want to serve?  These and a host of other questions will be addressed in my upcoming presenation. 

By the way, if you were wondering, (1) if the original will can not be found, there are ways to qualify a copy; (2) you need a death certificate to show an executor named is deceased; and (3) if an executor does not want to serve, they have to file a renounciation form.  Contact us at http://www.ythlaw.com/ for your other estate planning needs and questions.

Jamaica - The Politics of the Times

My love and interest in politics started early on when I was in high school.  I followed that interest to college and majored in Political Science.  Now when I travel for any of my international presentations, I take an interest in the politics of the visited country. 

During my visit to Jamaica, one of the political parties was holding its 73rd Annual Conference.  And, I was able to observe some of its proceedings.  Like the U.S., there are 2 dominate political parties; the Jamaica Labour Party and the People's National Party.  A former colleague of mine who is from Jamaica and was also a political science major, has held a significant post during the People's National Party's prior administration.

It will be interesting to follow Jamaica's upcoming election since visiting this beautiful country as a specialist speaker.  Contact us at http://www.ythlaw.com/ for all your estate planning needs.    

Blue Mountains of Jamaica

On Saturday, I had an opportunity to relax at a restaurant in the Blue Mountains of Jamaica with Ambassador Bridgewater and her assistant, Jackie.  With its organic menu, from our garden to your plate, Eits gives you a view and food that nourishes the body and soul.  I want to be ready mentally and physically for the upcoming week of presentations. 

I am finding that there are lots of Jamaican business owners and the need for business succession planning is evident.  The wonderful places that I have been and will be able to visit while in Jamaica have to be around for generations to enjoy and prosper.  But, that requires planning and the tpye of planning I will be addressing during this visit. 

Contact us at http://www.ythlaw.com/ for business succession planning and estate planning.

Jamaica - Business of Diplomacy

I arrived in Jamaica this evening.  After leaving the states, where the temperature had dropped to 50 degrees, I stepped off the plane into a warm 80 degree evening.  I was expedited through immigation into a waiting car to take me to the residence of the Jamaican Ambassador.  I will stay at the residence during my week  on the beautiful island of Jamaica.

I was awarded the U.S. Speaker and Specialist Grant to lecture on Financial and Estate Planning for Women.  My first grant was awarded in 2008 to lecture in Ghana and this one is to present in Jamaica.  There is a need both national and internationally to focus attention on getting ones' affairs in order.  If not for yourself, then for those you love.  When I reach beyond my own borders, I am able to still reach those at home.  Whether through blogging or news coverage, the message is delivered.  At some point the message hits home and action is taken.

Contact us at http://www.ythlaw.com/ and follow my blog over the next week, as I share the Jamaican diplomatic experience.    

Are You Prepared?

It has been an extreme weather event for the last 2 weeks.  First, we were hit with Hurricane Irene and then torrential rains causing more flooding.  How do you prepare for the unexpected?  We do not know when a loss might occur but we do know that if it does, we will need some protection.  Therefore, most of us purchase insurance for that potentiality. 

Well, with estate planning, we are also preparing for the unexpected (in many cases) but yet inevitable.  We want to protect our family and preserve our assets.  The only way to do that is to plan in advance. 

Let us help you save money, protect assets and distribute wealth.  Contact us at http://www.ythlaw.com/ 

It Takes A Village

We often say that it takes a village to raise a child.  This African proverb, popularized in recent times by Hilliary Clinton's book of the same name, is very true.  There are many people who have no children of their own but have taken on siginificant roles in the lives of children.  That person could be a caring neighbor who is there for before and after school help and more; a special Aunt whose home is always available to a neice or nephew; a teacher who steps out beyond the classroom; or, a recent widow with time to give. 

Estate planning is an important part of the lives of people who nurture, give, and love in the way of the village.  Their stories, wishes and desires form an important part of my practice.  If you want to make sure those you have nurtured and loved during your lifetime recieve a share of your assets, then a Will is an important document for you to have. 

Contact our offices at  www.ythlaw.com for your probate, estate planning and elder law needs.

Kudu - Your Legacy Revealed

What a regal creature the Kudu is as it seems to pose for just the right shot.  Though my shot is not perfect, in my minds eye, I can see the gracefulness of this handsome beast.  When was the last time your picutre captured the essence of what you have seen?  Does it still remain in your camera, on your phone or locked away on your computer?  Take the time to share it, post it or frame it for your wall and all to see. 

Memories are meant to be documented and shared for prosperity.  Contact us at http://www.ythlaw.com/ to handle, for the those you love, the documentation of your legacy which has been formed from all your cherished moments and events.

Plannning for Life's Unexpected Challenges

Until the Lion King, I never heard of or knew what a Warthog was.  Though a bit romanticized in the Lion King, the Warthog is not one of the loveliest creatures in the wild.  It is like a pig, hog or boar but least attractive.  It can move rather quickly when approached, not that you want to get near.

Not everything in life is attractive, lovely or even romantic.  The unexpected situation could cause difficulty in your life.  But there are ways to make those difficult situations less challenging for those you love.  Advance planniing!!!  This would include getting a healthcare power of attorney, general power of attorney, living will and a will. 

Don't wait until itis too latte.  Plan now by contacting us at http://www.ythlaw.com/

Asset Protection and the Zebra's Stripes, what is that about?

I am always learning somethin new.  Did you know that the Zebra's stripes serve to warm as well as to cool the Zebra?  When the season is cooler or the Zebra seeks warmth, the black stripes become wider.  While the white stripes are wider in warm weather or when the Zebra seeks cooler body temperature.  I never even knew that the stripe's width changes. 

Life is about always learning something new.  It is also about self-preservation, whether in the animal kingdom or with mankind. 

Check out our next informational seminar, book signing or event at http://www.ythlaw.com/.  Learn more about estate planning and protecting your assets and the ones you love. 

Tower of Giraffes

As I walked the path of our hotel complex, I came face to face with a giraffe.  It was surreal..  We both stared at each other with initial surprise then wonderment, for me.

When we encounter something strange or out of context, we pause to take it in, at least after the danger dissipates.  But what if that encounter results in danger.  We really never know when incapacity or death might happen.  In a nanosecond, we could be faced with that possibility. 

Are you prepared for the unexpected??

Contact us at http://www.ythlaw.com/ for your Powers of Attorney, Trusts, Wills, Living Wills and other advise and guidance on your estate planning needs.