Author Archives: Parks & Jones

The idea of freezing a person's brain and bringing it back to life years in the future, when science is advanced enough to do so, has long fascinated science fiction fans and even led to some people having their heads frozen after they pass away.  Scientists might be one step closer to making it a […]

The family life and drama of Sumner Redstone is currently being played out in the media and on Wall Street. It is not the first time that a self-made billionaire's personal life has made the news and harmed his business when the founder gets old, so it would be wise to pay attention to the […]

A recent study on the differences in charitable giving between the self-made wealthy and those that inherit wealth could have estate planning implications. A few years ago Bill Gates proclaimed that the first-generation wealthy are more generous to charities than the dynastic wealthy. In other words, those who made the fortune give more than those […]

In an effort to reduce their estate tax burdens, many wealthy families are tempted to undervalue their prized collections, such as art. The IRS, however, makes its own valuations. As with other taxes, most people seek ways to pay as little in estate taxes as possible. However, there is only so much wiggle room available […]

If you have a child who you do not communicate with, you might want to make sure that the child does not receive part of your estate. The decision to do that can be difficult, but the process is not. A recent Market Watch column, entitled "Can my 40-year-old long-lost daughter get my estate?," features […]

It is always disturbing when an estate administrator steals from the estate and that goes double when the administrator is a former district attorney. John Paschall served as the District Attorney for Robertson County, Texas for 20 years. He should have been someone who could be trusted and counted on to dutifully follow the law. […]

One of the best times to review your estate plan or to get one, if you do not already have one, is when you are doing your yearly taxes. Even if you have the assistance of an accountant, filing your income tax return can be a time-consuming and frustrating process. Most people want to get […]

If the best candidate to appoint as the executor of your estate lives in a different state than you, it is possible to designate him or her. However, there are some drawbacks in doing so that need to be considered. The executor of your estate should be someone trustworthy who has financial acumen and who […]

Many nursing homes insert mandatory arbitration clauses in their contracts with elderly patients. They do not do so for the benefit of the elderly. If you read the fine print on almost any standard contract a large company makes a consumer sign, you will most likely find a clause that any dispute between the consumer […]

If you are named as the executor of an estate, you might feel honored by the appointment. That honor can turn to horror if you make a mistake that subjects you to personal liability. Being the executor of an estate sounds a lot easier than it really is. The executor has to figure out what […]