Examine all the roles you currently hold in your personal and professional worlds. If you are like many people, you may have to use toes as well as your fingers to count everything. In what percent of these roles are you serving and supporting others? If you find the number approaching 80, 90, or even... [Read More]
Category: Mental Disability
Saving Lou Anne
Lou Anne said that she felt like she was “drowning” when she took over the heavy duties of caring for her husband George during his periods of illnesses. She did this on top of taking care of their farm (which George had done) and her other responsibilities. George and Lou Anne were both in their... [Read More]
Steve Teaches CE Class – “Mental Incapacity in Estate Planning”
Steve will teach a Continuing Education Class to Financial, Accounting & Insurance Professionals on planning for and handling Mental Disability in Estate Planning. As the rise of Alzheimer’s, Dementia, Parkinson’s and other related forms of mental disability rise in seniors (and even middle age people), planning for Mental Disability is even more important. Steve will... [Read More]
Donald Sterling Trust Upheld
The Mental Disability Estate Planning done inside Donald and Shelly Sterling’s Living Trust was upheld by the Court. This went through the Court in several weeks avoiding what could have been years of expensive and painful litigation. By Donald and Shelly Sterling, owners of the NBA Los Angeles Clippers Professional Basketball Team, having Mental Disability... [Read More]
Estate Planning and Alzheimer’s for the Denver Bronco’s Owner
Pat Bowlen, president and owner of the NFL Denver Bronco’s Team has resigned as President due to having Alzheimer’s disease. He has struggled with this disease for at least five (5) years. He is 70 years old. The team is held by his Trust. This is another example of a well-known individual in the news... [Read More]
Donald Sterling v. Casey Kasem – Estate Planning
The recent Donald Sterling and Casey Kasem cases served to illustrate when Mental Disability Planning is made a part of the client’s Estate Planning. It was done in the Donald Sterling case inside of his Living Trust aka Revocable Living Trust. A mechanism was designed in the Trust so that Mental Disability Provisions could be... [Read More]
Summer Travel and Heathcare Authority
Summer is when many Americans are traveling out-of-state. They are on vacation to new places or to visit with loved ones or family. As we cross state lines one concern is that our Healthcare Power of Attorney a/k/a Healthcare Proxy might not be accepted in another state. For example if you have a Healthcare Power... [Read More]
Donald Sterling’s Estate Planning – Part 3
On July 7, 2014 a Los Angeles judge will have a hearing to determine whether or not Donald Sterling is capable of serving as Trustee of his and his wife’s Trust. The Trust controls the entity which holds the Los Angeles Clippers, a NBA professional basketball team. Under the Sterling’s Estate Planning their Trust contains... [Read More]
Donald Sterling’s Estate Planning – Part 2
As more news comes out regarding the Estate Planning of Mental Incapacity of NBA Team Owner Donald Sterling, it appears that Donald Sterling was ruled an incompetent adult by two physicians. That was sufficient under the terms of the Living Trust that Donald shared with his wife, Shelly, so that under said Trust he could... [Read More]
Baseball Great Tony Gwynn Dies at 54
Hall of Fame baseball player Tony Gwynn died at the age of 54 after a long battle with cancer. I have always been amazed by how many widows I have met who were in their 50’s. It seems many men, and women, die of heart attacks or cancer more so in their 50’s. Our odds... [Read More]