Senior Citizens and Bankruptcy

Senior Citizens and Bankruptcy

Though signs of economic success are abound throughout the country, not all groups are benefitting from the financial growth in the same manner.  In particular, a jarring trend of senior citizens filing for bankruptcy in record numbers has both researchers and experts concerned.  The findings from a recent prominent national study paint a bleak picture for older Americans.  Amongst the key findings include the rate at which seniors’ bankruptcy filings […]

Document Storage & Estate Planning

Document Storage & Estate Planning

Though often overlooked, properly storing estate planning documents is an issue that only seems to get the necessary attention it needs when things have gone awry.  Those who heed such advice often can rest comfortably knowing their vital documents are safely stored for when the time comes for their loved ones to retrieve them. Contrarily, those who fail to take the proper precautions are too often literally leaving their family […]

NFL and NBA Team Owner’s Estate Woes

NFL and NBA Team Owner’s Estate Woes

Tom Benson, owner of the NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans, recently passed away at the age of 90.  Prior to Benson’s passing, he was involved in a protracted legal battle with his daughter, Renee Benson, and her children, Rita LeBlanc and Ryan LeBlanc regarding a guardianship proceeding. In the wake of Benson’s death, his third wife, Gayle Benson, became the sole beneficiary of an estate […]

Seniors Not Saving for Retirement, Working Longer

Seniors Not Saving for Retirement, Working Longer

American society has seen a recent alarming trend of seniors working well into their golden years with little to no retirement savings to keep them afloat.  As a result, many now find themselves working long into years they once believed would be spent enjoying their retirements.  Of further concern, experts believe this is likely a reality that will continue to affects millions more in the years to come unless drastic […]

Charitable Trusts

Charitable Trusts

For many years, the traditional formula upon a parent’s passing has been to bequeath their property and assets to the surviving members of his or her family.  Yet while this continues to be the predominant estate planning choice employed by many parents, there has also been a noted uptick in those who wish to bequeath their assets to charitable trusts. Charitable trusts allow individuals to give to charity while simultaneously […]