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ESTATE PLANNING ATTORNEYS: ILLINOIS

Illinois Probate & Estate Planning Attorneys


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ESTATE PLANNING, PROBATE & ELDER LAW NEWS

»  The Shrinking Lump
If you were planning to take a lump sum from a pension plan, don't wait.

» “Child Reduction Act” Trailer
The year is 2016. The President signs the Child Reduction Act. Families with more than one child under the age of 18, must pay a multiple child tax. Families unable to afford the tax, must send their extra children to the CHILD CONSERVATION CAMPS. The Pearce family has two teenage children - and can only [...]

» Morgan Stanley launches commodity fund

» Will Contests and Philip Roth's The Ghost Writer

I recently finished reading Philip Roth's The Ghost Writer, which is the first book in his Zuckerman trilogy (or trilogy and epilogue, as I guess it's now known, since it contains four books and Roth evidently doesn't like the word "quartet"). It's a short but engaging work about a young novelist (Nathan Zuckerman) who pays a visit to a very well-respected older novelist (E.I. Lonoff).

Interestingly enough, one of the central conflicts of the book involves a fight between Zuckerman and his father over one of Zuckerman's short stories, which focuses on a will contest. According to Zuckerman, the story was based on the following facts:

A great-aunt of mine, Meema Chaya, had left for the education of two fatherless grandsons the pot of money she had diligently hoarded away as a seamstress to Newark's upper crust. When Essie, the widowed mother of the twin boys, attempted to invade the trust to send them from college to medical school, her younger brother, Sidney, who was to inherit the money remaining in Meema Chaya's estate upon conclusion of the boys' higher education, had sued to stop her.

Zuckerman's father objects to the story, on the grounds that it airs the family's dirty laundry and (more importantly) portrays Jews in an unfavorable light.

Not to take the fun out of the novel, but the whole fight over Meema Chaya's estate could have been avoided if she had clearly defined "education" to include (or exclude) graduate and/or professional school.

» Slim Chance Pays His Taxes
The original Ali G., Slim Chance is back with another clip. Here is his view on paying taxes. In case you are wondering, IRS is the Inland Revenue Service in the UK and wherever else the Queen once ruled. God save the Queen, down with taxes. Related PostsHarry Potter Author — Pays $70 In Taxes Every [...]