January 1, 2005 10:06 PM
After Writing a Will, You Still Have I's to Dot
Excerpt: A lack of planning can also limit the ability of children to carry out their parents' wishes, according to many financial experts who are familiar with estate planning.
SIX years ago, Peggy Hathaway's mother, who had Alzheimer's disease, called her daughter to say that she could not find her stock and bond certificates.
Ms. Hathaway, now 58, flew from Washington, D.C., to her mother's home in Menlo Park, Calif., where she spent three days searching for the certificates before finding them behind an antique organ in the family room. This was one example, Ms. Hathaway said, of how her mother's finances weren't in order.
As her mother's health deteriorated, Ms. Hathaway said she and other family members spent considerable time and "well into the thousands of dollars" in legal fees to sort out the finances.
Although Ms. Hathaway's mother, who died in 2003, had put her home into a trust, she had not created a detailed record of her other assets or explained how she wanted them divided among her relatives. "It's gut-wrenching enough to have a mother succumb to a disease like Alzheimer's, but then to have to deal with the financial mess exacerbates everything," said Ms. Hathaway, a lawyer. "It's just horrendous."
Many people, of course, don't like the thought of planning for the eventual disposal of their assets. But when people fail to make estate-planning decisions while they are alive and well, the results for their heirs can be costly and stressful.
A lack of planning can also limit the ability of children to carry out their parents' wishes, according to many financial experts who are familiar with estate planning.
READ FULL STORY ...
New Challenge For Aid Groups: Lots of Money (January 04, 2005)
Relief agencies have raised well over $100 million in the U.S. for tsunami aid efforts. Now comes the hard part: What are they going to do with it all? That is an important question for people who are considering making a donation or adding to ...
Agency Calls TV Money Man's Claims Deceptive (January 02, 2005)
"Free money to pay your bills," scream the ads plastered all over late night TV, radio stations, and the Internet. But don't believe it, the New York State Consumer Protection Board warned consumers on Wednesday. In the advertisements, self-proclaimed government grant guru Matthew Lesko makes ...
The Most Wonderful Time Of The Year (December 29, 2004)
The pie may be bigger on Wall Street this year, but more bankers have been invited to the table for the doling out of bonuses. While funds set aside for bonuses have increased 8 percent over 2003, hiring has grown at least that fast, meaning ...
Afraid To eBay? Hire An Online Auction Service (December 27, 2004)
Love those dancing eBay commercials but don't feel Net-savvy enough to sell your unwanted items online? Let an auction drop-off service do it for you. Storefront drop-off centers are springing up from coast to coast. These "brick-to-click" locations are betting that you have neither the ...
Read all 48 posts in the same category of Anything Else:
ChoicePoint Will Stop Selling Some Consumer Information -
Aug 24, 2006
Marriage Prospects: Richer, not Poorer - Aug 21, 2006
House Vote Sends Measure On Class-Action Suits to Bush - Feb 17, 2005
NHL Cancels Rest of Season As Flurry of Negotiations Fail - Feb 16, 2005
Working for Top Bosses on Wall St. Has Its Perks - Feb 06, 2005
Microsoft Allots More Cash to Ads For Search Engine - Feb 01, 2005
Big Health Plan Suspends Use of Painkiller - Jan 31, 2005
U.S. Backs Off Relaxing Rules for Big Media - Jan 31, 2005
Search Sites Play a Game of Constant Catch-Up - Jan 31, 2005
New Challenge For Aid Groups: Lots of Money - Jan 04, 2005
Agency Calls TV Money Man's Claims Deceptive - Jan 02, 2005
The Most Wonderful Time Of The Year - Dec 29, 2004
Afraid To eBay? Hire An Online Auction Service - Dec 27, 2004
Rules Change Would Weaken Do-Not-Call List - Dec 27, 2004
Good As Goaled - Dec 26, 2004
‘Tis The Season For Wall Street Bonuses - Dec 17, 2004
Coping With Rising Rates - Dec 14, 2004
Financial Resolutions - Dec 11, 2004
IBM Cash Balance Plan Ending - Dec 09, 2004
John Snow Staying On At Treasury - Dec 09, 2004
Topping Off the Biggest Gas Tank - Dec 07, 2004
What To Do With A Dud Gift - Dec 07, 2004
Putting Your Financial House In Online Order - Dec 07, 2004
Social Security Reform: A Guide - Dec 06, 2004
The Disparate Consensus on Health Care for All - Dec 06, 2004
Giving Children Funds As Gifts - Dec 05, 2004
Bank Machine Dispenses Fake Money - Dec 02, 2004
Account Aggregation: All-In-One Convenience - Dec 01, 2004
A Life Fulfilled - Nov 30, 2004
A Seal Of Good Giving - Nov 28, 2004
More Are Saying It With Plastic: Gift Cards The Holiday Present Of Choice - Nov 26, 2004
Use Open Enrollment To Review Health-Insurance Plan - Nov 25, 2004
The Pitfalls of VOIP - Nov 23, 2004
Business Airfares, Down 11%, Might Be Lowest Ever - Nov 22, 2004
International Lottery Scams - Nov 22, 2004
Work-at-Home Schemes - Nov 22, 2004
Medical Billing Opportunities: Worth a Second Opinion - Nov 22, 2004
The Lowdown on Chain Letters - Nov 22, 2004
The Bottom Line About Multilevel Marketing Plans - Nov 22, 2004
Get-Rich-Quick & Self-Employment Schemes - Nov 22, 2004
Could 'Biz Opp' Offers Be Out For Your Coffers? - Nov 22, 2004
Costly Coupon Scams - Nov 22, 2004
8 Lottery Winners Who Lost Their Millions - Nov 22, 2004
Ranks of U.S. Millionaires Surge - Nov 16, 2004
What Wal-Mart Knows About Customers' Habits - Nov 14, 2004
How Much Are You Really Worth? - Nov 06, 2004
What the Bush Victory Means for Consumers - Nov 03, 2004
Marriage Prospects: Richer, not Poorer - Aug 21, 2006
House Vote Sends Measure On Class-Action Suits to Bush - Feb 17, 2005
NHL Cancels Rest of Season As Flurry of Negotiations Fail - Feb 16, 2005
Working for Top Bosses on Wall St. Has Its Perks - Feb 06, 2005
Microsoft Allots More Cash to Ads For Search Engine - Feb 01, 2005
Big Health Plan Suspends Use of Painkiller - Jan 31, 2005
U.S. Backs Off Relaxing Rules for Big Media - Jan 31, 2005
Search Sites Play a Game of Constant Catch-Up - Jan 31, 2005
New Challenge For Aid Groups: Lots of Money - Jan 04, 2005
Agency Calls TV Money Man's Claims Deceptive - Jan 02, 2005
The Most Wonderful Time Of The Year - Dec 29, 2004
Afraid To eBay? Hire An Online Auction Service - Dec 27, 2004
Rules Change Would Weaken Do-Not-Call List - Dec 27, 2004
Good As Goaled - Dec 26, 2004
‘Tis The Season For Wall Street Bonuses - Dec 17, 2004
Coping With Rising Rates - Dec 14, 2004
Financial Resolutions - Dec 11, 2004
IBM Cash Balance Plan Ending - Dec 09, 2004
John Snow Staying On At Treasury - Dec 09, 2004
Topping Off the Biggest Gas Tank - Dec 07, 2004
What To Do With A Dud Gift - Dec 07, 2004
Putting Your Financial House In Online Order - Dec 07, 2004
Social Security Reform: A Guide - Dec 06, 2004
The Disparate Consensus on Health Care for All - Dec 06, 2004
Giving Children Funds As Gifts - Dec 05, 2004
Bank Machine Dispenses Fake Money - Dec 02, 2004
Account Aggregation: All-In-One Convenience - Dec 01, 2004
A Life Fulfilled - Nov 30, 2004
A Seal Of Good Giving - Nov 28, 2004
More Are Saying It With Plastic: Gift Cards The Holiday Present Of Choice - Nov 26, 2004
Use Open Enrollment To Review Health-Insurance Plan - Nov 25, 2004
The Pitfalls of VOIP - Nov 23, 2004
Business Airfares, Down 11%, Might Be Lowest Ever - Nov 22, 2004
International Lottery Scams - Nov 22, 2004
Work-at-Home Schemes - Nov 22, 2004
Medical Billing Opportunities: Worth a Second Opinion - Nov 22, 2004
The Lowdown on Chain Letters - Nov 22, 2004
The Bottom Line About Multilevel Marketing Plans - Nov 22, 2004
Get-Rich-Quick & Self-Employment Schemes - Nov 22, 2004
Could 'Biz Opp' Offers Be Out For Your Coffers? - Nov 22, 2004
Costly Coupon Scams - Nov 22, 2004
8 Lottery Winners Who Lost Their Millions - Nov 22, 2004
Ranks of U.S. Millionaires Surge - Nov 16, 2004
What Wal-Mart Knows About Customers' Habits - Nov 14, 2004
How Much Are You Really Worth? - Nov 06, 2004
What the Bush Victory Means for Consumers - Nov 03, 2004
Related Sites
• Structured Settlements
www.setcap.com - cash for structured settlements, sell annuity, lottery winnings, and more.
• Personal Finance: Finance News Today provides money saving tips, news, and articles on personal finance issues like insurance, real estate, college planning and much more.
• Compare all our 0% Credit Card UK against our 0% balance transfers and cash back deals.
• Browse through our Credit Cards deals and apply online.
• financial tip - financial tips article and more.
• Arizona llc - incorporate a arizona llc. they offer solutions for limited liability company asset protection in arizona and california. incorporation services are provided online with 24 hour filings and expedited approvals. www.paralegal-plus.com for cpa lawyers.
• Credit Repair
repairmycreditnow.com/Credit_Repair_Advice.htm - repair my credit now credit services offers credit repair, restoration and education through our exclusive "v" phase process â„¢.
• Citibank Home Equity Lines of Credit: Rates as low as Prime - 0.50% variable APR for Life, currently 5.50% variable APR.
• Day Trading - day trading signals for active stock and options traders.
• Ken Langone - ken langone: make my day
• Credit Repair - repair my credit now credit services offers credit repair, restoration and education through our exclusive "v" phase process â„¢
• Online Option Trading - oexoptions is an oex online stock option trading company offering a free 15-day trial for all new customers.
• fix bad credit
Want to See Your Ads Here? Claim Your Ad Space at Personal Finance Weblog by Writing to Webmaster. Starting at $25/month, see your text ads in more than 2,000 indexed pages at PFBlog, the Best Personal Finance Blog, or MM Money, MM's Daily Personal Finance Readings. Full Rate Card Available Here.
• Structured Settlements
www.setcap.com - cash for structured settlements, sell annuity, lottery winnings, and more.
• Personal Finance: Finance News Today provides money saving tips, news, and articles on personal finance issues like insurance, real estate, college planning and much more.
• Compare all our 0% Credit Card UK against our 0% balance transfers and cash back deals.
• Browse through our Credit Cards deals and apply online.
• financial tip - financial tips article and more.
• Arizona llc - incorporate a arizona llc. they offer solutions for limited liability company asset protection in arizona and california. incorporation services are provided online with 24 hour filings and expedited approvals. www.paralegal-plus.com for cpa lawyers.
• Credit Repair
repairmycreditnow.com/Credit_Repair_Advice.htm - repair my credit now credit services offers credit repair, restoration and education through our exclusive "v" phase process â„¢.
• Citibank Home Equity Lines of Credit: Rates as low as Prime - 0.50% variable APR for Life, currently 5.50% variable APR.
• Day Trading - day trading signals for active stock and options traders.
• Ken Langone - ken langone: make my day
• Credit Repair - repair my credit now credit services offers credit repair, restoration and education through our exclusive "v" phase process â„¢
• Online Option Trading - oexoptions is an oex online stock option trading company offering a free 15-day trial for all new customers.
• fix bad credit
Want to See Your Ads Here? Claim Your Ad Space at Personal Finance Weblog by Writing to Webmaster. Starting at $25/month, see your text ads in more than 2,000 indexed pages at PFBlog, the Best Personal Finance Blog, or MM Money, MM's Daily Personal Finance Readings. Full Rate Card Available Here.
