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.

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.

Study finds baby boomers will not leave money to children in wills

Posted on April 22nd, 2011 No Comments

A recent study conducted by the U.S. Trust found that children of parents who were born in the baby boomer generation will not be likely to receive an inheritance in the event of their parents’ death.

The study surveyed 457 baby boomers across the U.S. who have at least $3 million in assets. It was found that 51% said that they would not leave their children any money in their will and would, instead, use the money for travel and other personal interests. In addition to this, 52% of parents said that their children do not know how much they are worth.

When asked why they did not want to leave their money to their children, many parents stated that their children would not be able to handle inheriting a substantial amount of money. Some parents also expressed concern for their children becoming lazy if given money.

If you would like your child to receive an inheritance in your will, please contact the Houston heirship lawyers of Garg & Associates, P.C., at 800-242-2151.

Son of Socialite Sues Dallas Art Museum

Posted on March 16th, 2011 No Comments

Arnold Leon Schroeder, Jr., the son of a socialite and writer, has recently filed a lawsuit against The Dallas Museum of Art, claiming that curators of the museum swindled him out of his inheritance of over one thousand works of art.

Schroeder’s father had collected at least 1,400 famous pieces of artwork during his lifetime, which were then passed to Schroeder’s mother when his father died in 1981. According to the lawsuit, curators of the Dallas museum took advantage of Schroeder’s mother’s grief and convinced her to give all of the artwork to the museum in the event of her passing. The woman died in 2007, at which point, all of the artwork and woman’s assets went to the museum.

Schroeder is suing on claims that his mother was tricked into giving away her assets and that he is the rightful heir to the valuable collection of art. He is suing the museum for conspiracy, fraud, and the interference with rights of inheriting assets.

If someone close to you has died, and you need help receiving your inheritance, please contact the Houston heirship lawyers of Garg & Associates, P.C., at 281-362-2865.

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Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
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Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.