Estate Planning Attorneys De Witt : Probate & Elder Law Attorneys in De Witt, IA

Estate Planning, Probate & Elder Law Attorneys

 

Estate Planning, Probate & Elder Law De Witt, Iowa

De Witt Estate Planning & Probate Attorneys

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Duffy Law Office

TEL (563) 445-7400 |  Davenport, IA

Dennis Duffy combines an extensive background in business with a wide range of legal experience to provide his clients with a uniquely practical perspective. An attorney since 1989, he now devotes ...(more)



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ESTATE PLANNING, PROBATE & ELDER LAW NEWS

» This Stock's a No-Brainer
A harsh reminder of why business-focused investing is the only strategy for your long-term dollars.

» Wills and Provisions That Fail

I didn't start my legal career doing much estate planning; for the most part, I was a probate attorney, handling Wills that had "matured" into deceased estates. I think that's a helpful experience, as you quickly figure out from a practical perspective the difference between good provisions and provisions that fail.

Let me give an example from a Will (not drafted by me, luckily) that recently came across my desk. The Will gives most property in equal shares to the decedent's three living children, which is fine. But it also makes a gift of certain jewelry to "the first of my granddaughters to marry." Setting aside the potential inequality here -- why favor the first granddaughter only? why favor only granddaughters? -- there's a problem: none of the decedent's granddaughters have married. So what now? At the time the Will was drafted, this provision failed (it didn't work), and it still fails today.

As a probate attorney, the problem is clear. I have to file with the probate court a document listing the decedent beneficiaries (legatees). Who in the world do I list from the above provision -- all of the granddaughters? someone who can hold the jewelry in trust until a granddaughter marries? somebody else?

If the draftsperson had spent five minutes thinking about the practical ramifications of this language, he or she could have easily fixed it.

»  Getting Divorced? Pick A State
A-Rod's wife, Cynthia Rodriguez, is hoping to get a better settlement by filing for divorce in Florida rather than New York.

» Seth Tobias Case Settlement

I've blogged about the strange case of Seth Tobias before, here. Now (here) there is news of a potential settlement.

Mr. Tobias's brothers were previously attempting to use the so-called "slayer statute" to argue that Mr. Tobias's widow, Filomena, was involved in his murder and should therefore be disinherited.

Presumably Mr. Tobias's brothers are dropping their claim for a share of the estate.

» Recovering Business Losses From Criminal Activity
It's not always easy, but you've got options.