Myths About Planning a Will

Posted on February 18th, 2011 No Comments

Wills are extremely important documents that make sure your last wishes are carried out when you die. They can help and protect the people that you love and are closest to you during your life. However, there are many common misconceptions about creating a will and how a will is carried out.

One such myth is that a will is not needed if one does not have many assets. This is just not true. Most people are worth more than they know, and everything they own can have value to someone in their life. Another myth is that a spouse will receive everything, so it is not necessary to create a will. This may be true, but, if the spouse dies, remaining assets may not be divided the way they were intended.

Furthermore, many people wonder why they should have their wills written by attorneys when they can do it themselves. A will is a legal document. An attorney will assure that all of the correct legal jargon is used so that a person’s wishes are carried out correctly.

It is important to plan ahead in life. If you would like more information on planning your will, please contact the Houston estate planning lawyers of Garg & Associates, P.C. at 281-362-2865.

Springfield Mayor ordered to court for estate dispute

Posted on December 14th, 2010 No Comments

A Sangamon County Circuit Court Judge ordered Mayor Tim Davlin of Springfield to appear in court next week for a hearing regarding the estate to which the mayor is executor.

Davlin skipped a Sept. 22 court-ordered deadline by which he was supposed to provide a financial accounting for the estate of his cousin Margaret Ettelbrick, who passed away in 2003.

Catholic Charities of Springfield has asked the judge for both a final accounting and to dismiss Davlin as executor of the estate, worth just under $1 million.

Davlin’s attorney has filed against the estate as well, alleging that he is owed about $20,000 in legal fees that he was never paid.

Don’t go through this kind of trouble. Make sure your will and estate plan is clean and easy to execute. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Tudor dispute settled

Posted on November 24th, 2010 No Comments

The feud over the $2 million estate of Tasha Tudor, the late author and illustrator, was settled outside of court last week.

The dispute was to go to trial last week but lawyers say that it was settled behind closed doors instead.

Tasha Tudor died in 2008 at the age of 92. At issue is teh will controlling her $2 million estate.

If you are seeking experienced counsel when it comes to planning your estate, contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Dispute over Army Major's will

Posted on October 19th, 2010 No Comments

A legal battle has begun at the High Court of England following a dispute over the will of a deceased Army major.

The 65-year-old man died from cancer in 2008 and had a secret mistress at the time as well as a son, wife, and daughter.

His 49-year-old mistress insists that he told her, while on his deathbed, that she would be left everything in his will.

Unsurprisingly, the major’s family disputes this claim and maintains that there is no such stipulation in the major’s paperwork and that he did not in fact leave behind a will. The mistress alleges that the family destroyed the will in an attempt to prevent her from receiving any inheritance.

Problems like these can be avoided with a carefully written and detailed will and estate plan. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Estate taxes expected to rise next year

Posted on June 16th, 2010 No Comments

The 2010 federal estate tax disappearance has caused a lot of confusion amongst the wealthy. Even those who could benefit from this year-long tax drop are frustrated and many have changed documents that they will probably have to change back in 2011. Next year, the tax is set to return at a higher rate than in 2009.

This tax hiatus essentially means that heirs of wealthy people who die this year will owe no taxes. In 2009, if you were the heir of a wealthy person, you were legally obligated to pay a 45 percent tax to the Treasury. This year, you are not obligated to pay any money in taxes. However, next year, heirs will have to pay a whopping 55 percent of their estate in taxes.

If you or someone you know needs assistance with the complicated issues behind estate planning, contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 281-362-2865.

Benihana's founder's will disputed

Posted on May 27th, 2010 No Comments

A tangled estate dispute between the wife and children of the late Rocky Aoki, best-known for his founding of Benihana Inc., is working its way through the court systems.

New York State Surrogate’s Court recently ruled that Keiko Aoki, Rocky’s third wife and widow, was entitled to pursue her attempts to seize control of a trust currently being controlled by Rocky’s children.

The dispute is over whether or not Rocky was aware of what he was doing in 2002, when his lawyer and children convinced him to sign documents that forbid him from leaving any part of his estate to anyone but his descendants.

The judge who ruled in Keiko’s favor believed there to be clear evidence that there was an “impermissible conflict of interest” in the lawyer acting as adviser to both Rocky and Rocky’s children.

One of the key pieces of evidence for this conclusion was a memo the lawyer wrote to himself in 2003, which the court was able to obtain. “Undoubtedly, the fur will fly when [Rocky’s new lawyer Joseph] Manson and his clients, Keiko and Rocky, discover the existence of the executed partial release,” he wrote, referring to the documents that would forbid Rocky from ever leaving the assets to anyone but a descendant. Rocky died in 2008.

If you are looking for an experienced estate attorney who can help you put your affairs in order and possibly avoid this kind of conflict, contact the Houston contested will attorneys of Garg & Associates, P.C., at 281-362-2865.

British will-makers fail to contact inheritors

Posted on May 14th, 2010 No Comments

According to police, the Lincoln firm Willmakers Of Distinction failed to contact two of three beneficiaries in a client’s will. Money left by a 96 year-old Birmingham man, totaling roughly 120,000 British pounds, was meant to split between his last living U.K. relative, a friend, and a neighbor. However, the executors of the state never distributed the money to either his friend or neighbor, and never informed them that they were included in his will.

In the court proceedings, it was revealed that this was not an isolated incident. A Chapel St. Leonards widow failed to receive her 3000 pounds that was left behind from her husband’s death in 2004. Instead, she was left responsible for the 2000 pounds it cost for his funeral.

Two employees from Willmakers Of Distinction have admitted guilt, while one continues to deny allegations of theft.

Although this case seems distantly in England, the reality of entrusting a will-maker with your estate is universal. Contact the Houston personal estate lawyers of Garg & Associates, P.C., at 281-362-2865.  Put the future of your property in the right hands with the help of an experienced attorney today.

Man caught impersonating mother

Posted on April 28th, 2010 No Comments

A Washington County man was arrested this week for faking his mother’s signature on fraudulent inheritance documents in an effort to cut his siblings out of her will.

State police in Fort Edward report that the 59-year-old man forged his mother’s signature on a deed to her house as well as on two fake copies of her Last Will & Testament.

Police were able to uncover the fraud following complaints from the man’s siblings and the fact that the documents were improperly notarized.

The man was charged with Grand Larceny, Criminal Possession of a Forged Instrument, and Offering a False Instrument for Filing. Further charges are pending.

Luckily police were able to catch this cheat before he managed to successfully change his mother’s will. If you are looking for a professional estate lawyer who can ensure that your will is legally sound and properly notarized, and to avoid any sort of debacle like this, contact the Houston personal estate 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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