Avoiding estate disputes

Posted on November 8th, 2012 No Comments

When a person has their will drafted, they expect that their family will honor their decisions. Sadly, as estate sizes increase, so to the chances that someone will find something in how it is handled objectionable. There are many things you can do to reduce the chances that your beneficiaries will contest your will.

The most obvious method of avoiding conflict is making your intentions as clear as possible while you are still alive. Sometimes recording a video that explains why you have made the decisions you did can help clarify your intentions and reduce the chances someone will have grounds to object to them.

A more direct way to prevent estate conflict is to include an in terrorem clause in the will. Such a clause states that any beneficiary who is set to receive a significant gift will have to forfeit it if they contest the will.

While there is no surefire way to ensure that an estate will go uncontested, enlisting the services of an estate planning attorney can help you make your intentions clear.

Boxing promoter’s estate facing legal disputes

Posted on October 5th, 2012 No Comments

The estate of late boxing promoter Butch Lewis is facing trouble from creditors and a woman who gave birth to his child nine months after his death.

The mother is demanding their child be declared a beneficiary of the estate and is asking for payments of $3,250 per month while the case is worked out.

Lewis, who represented brothers Leon and Michael Spinks, died at 65 of natural causes. His estate attorneys claim that no beneficiaries can receive payments until the estate’s creditors, which include Michael Spinks, are paid in full.

It is important to have your estate in line prior to your death in order to prevent any potential confusion that might arise after your death. If you need help arranging your estate, contact the Houston estate planning attorneys of Garg & Associates, P.C., at 281-362-2865.

Lawyer pleads guilty to stealing from veterans’ estates

Posted on September 10th, 2012 No Comments

A Houston attorney has plead guilty to conspiring with his wife to steal money from the veterans whose legal matters and accounts he was managing.

The lawyer,73-year old Joe B. Phillips, plead guilty to two of the 21 charges he is facing, admitting to stealing more than $1.36 million from the accounts he managed. The money went into a joint account that he shared with his wife, who admitted to having a gambling problem.

Phillips hid the money he stole in various dummy bank accounts and even forged an income tax return to keep his deeds secret.

If you are searching for an estate attorney you can trust, contact the estate planning lawyers of Garg and Associates, P.C., at 281-362-2865.

Michael Jackson’s family disputing his will

Posted on August 7th, 2012 No Comments

Janet, Randy, and Rebbie Jackson are contesting Michael Jackson’s will.

They have been prohibited from visiting their deceased brother’s children, who are in the custody of their mother, and released a statement Friday accusing the executors of Michael Jackson’s will of breaking up their family.

Their statement claims Michael Jackson’s will is invalid because they believe they have irrefutable evidence that Jackson was in New York on the date that his will was allegedly signed in California.

A contested will can have drastic effects on a family. If you are going through the pain of losing someone close to you, only to find that their will is questionable, an attorney can help you contest its contents. Contact the wills and trusts attorney of Garg & Associates, P.C., at 281-362-2865 to learn more.

Challenges faced by modern estates

Posted on July 5th, 2012 No Comments

When planning your estate, it is important to be prepared for any circumstances that may arise. Many people overlook what will happen to certain assets when they pass away, leaving their survivors bewildered.

For starters, people have begun doing more of their finances online. Sharing the account information in your will can allow your beneficiaries to access these funds in the event of your passing. At the same time, pets are becoming increasingly popular. If your pet were to outlive you, it is a good idea to have a specific plan for it outlined in your estate.

Additionally, many people take care of their parents as they age. Including them in your plans can allow them to continue living comfortably should you come to an untimely end.

There are a lot of factors to consider when preparing your estate. Contact an experienced estate planning attorney from Garg & Associates, P.C., at 281-362-2865 for planning for the unexpected.

Will written under Sharia law overturned because testator was dementia patient

Posted on June 29th, 2012 No Comments

An Australian woman’s will was overturned after being contested by her daughter for being drafted while she was a dementia patient.

This perfectly legal reason for contesting a will was overshadowed by the fact that the document was made under the terms of Sharia law, the moral code of Islam.

Under Islamic law, a woman is entitled to half of what a man receives. Many people take this to mean that a woman is worth half as much as a man, when that is far from the religious law’s intention. By Sharia custom, a woman keeps all of what she inherits for herself, while men are meant to share inheritances with their families.

It can be difficult to find concordance between religious and secular inheritance laws. If you need help drafting your will in a way that will comply with both the law and your religious beliefs, contact the wills and trusts attorneys of Garg & Associates, P.C., at 281-362-2865.

Florida woman guilty of conspiring to gain inheritance

Posted on June 21st, 2012 No Comments

A Florida woman was  found guilty of conspiring to increase her chances of inheriting her husband’s fortune.

Narcy Novack, wife of Ben Novack Jr., hired thugs to brutally attack him and his mother with the intent of acquiring his vast fortune. At Narcy’s behest, the hired men viciously beat Novack’s 86-year-old mother-in-law with a wrench and knifed Ben Novack Jr. in the eyes. Both victims died.

Narcy Novack and her brother were convicted of stalking, domestic violence, witness tampering, racketeering, and money laundering. They are facing life imprisonment with their sentencing set for November 1. The fortune will now fall to Ben Novack Jr.’s grandchildren.

Preparing your will can have numerous advantages. If you need help ensuring your will has all of the necessary provisions, contact the wills attorneys of Garg & Associate, P.C., at 281-362-2865.

George Washington’s personal copy of the Constitution to be auctioned

Posted on June 15th, 2012 No Comments

George Washington’s personal copies of the Constitution and Bill of Rights are set to be auctioned on June 22 in New York.

The auction house in charge of the sale expects the items to go for $2 million to $3 million. This copy of the nation’s founding document was bound in a book in 1789. Two other copies were printed alongside it, one going to John Jay, the first Chief Justice of the Supreme Court, and the other going to Thomas Jefferson.

This copy of the Constitution includes notes written in the margins by Washington himself as well as his signature on the inside.

The treasure is being sold from the estate of a man who died in 2007. If you need help with your estate, contact the estate planning attorneys of Garg & Associates, P.C., at 281-362-2865.

Michael Jackson’s estate sued for $1 billion

Posted on June 8th, 2012 No Comments

Micheal Jackson’s estate is being sued by Kimberly Griggs for a sum of $1 billion.

Her suit was filed in San Diego, California, and states that she and Jackson had an intimate relationship starting in 1979.

She claims Jackson used information from her personal life on his albums, including “Thriller,” “Bad,” and “Dangerous.” Griggs alleges that the deceased King of Pop promised her the rights to his music as a form of reparation for exploiting her life, which she never received.

Whether or not Griggs’ allegations are true, it’s important to have a plan for asset protection following your demise. If you want to protect all of your assets, contact the asset protection attorneys of Garg & Associates, P.C., at 281-362-2865.

Government suggests internet users consider social media wills

Posted on May 31st, 2012 No Comments

The U.S. government is recommending that people include how they want their social media accounts handled after their deaths in their wills.

The person who you appoint to be executor of your social media sites should be given a list of the sites where you have a presence. The list should include your username and password for these sites as well as what steps you wish to be taken with them.

Many sites allow a “memorial” mode for profiles of deceased members. This allows friends to visit the page but does not allow new posts to be made.

If you need help drafting your will, contact the wills lawyers of Garg & Associates, P.C., at 281-362-2865.

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