This & That: The B&G Blog
Welcome to our blog and the portal to our newsletter articles. To the right, you can view past articles and blog posts by category, and below, we share some of the latest news and views from around the web and within the firm. Please note that the information provided is meant for informational purposes and is in no way a replacement for professional legal, tax, or therapeutic advice.
Conway’s Daughter Goes to Court to Control Dad’s Care
Comedian Tim Conway is suffering from dementia, and his daughter has filed to take control of his care from his current wife, who, Conway’s daughter says, is trying to move him to a facility where he will receive less care.
Special Challenges of Aging Adults Caring for Older Family Members
Yet another study reveals the toll caregiving can take on family members, especially those who are aging themselves: 10 percent of adults 60 to 69 whose parents are alive serve as caregivers, as do 12 percent of adults 70 and older. Challenges are many: isolation, and financial, physical, and emotional.
Aretha Had No Will, But That Might Be OK
Aretha Franklin died on Aug. 16 with no Will, but her family quickly came together and presented the court with a plan: her four sons all agreed that a niece will serve as executor. That’s could be a sign that family squabbles may be kept to a minimum, though it says nothing of others close to her who might seek a piece of her estate. Aretha’s not alone, at least 13 other celebs died with no documents. Most of them needed more than a Will for an effective plan.
Dio Auction to Feature 666 Items
More details are being released about the Ronnie James Dio auction, Sept. 14-15. Among them: it will have 666 items, including a 1961 Gibson bass guitar, his passport, and an Asteroid arcade cabinet. Auction details.
Prince Estate Releases 23 Albums
The Prince estate and Sony’s Legacy Recordings have released 23 albums digitally, more than 300 songs, available on most streaming services.
Court Exerts Control Over Glen Campbell Estate Administrator
The administrator of Glen Campbell’s estate has been ordered to account for a bank account belonging to Campbell and his widow. Because royalty payments were deposited into the joint account, he has to disclose ALL transactions from the account. Three of Campbell’s children are contesting the country star’s most recent Will.
Retirement Accounts Vulnerable to Scammers
As the population ages, a significant amount sitting in retirement accounts becomes vulnerable to scammers, experts say. One of the first skills to weaken with age is financial acumen, and it’s a concern for institutions and families.
When a Driving Career Must End
According to AAA, senior citizens are outliving their ability to drive safely by seven to 10 years, and the group has some very specific tips about how to persuade elders to take driving retirement.
Planning for Passing on Wealth
Lots of successful people fail utterly to effectively pass on their wealth to the next generation. Mostly, they’d rather not think about it, so they don’t do it or wait too long. Successful transitions involve (surprise) effective communication.
Memory: What’s Normal? What’s Not?
When it comes to memory struggles, what’s normal and what’s concerning enough to look into. Here’s an article that attempts to sort it out for you.
It’s Possible to Live Well after a Dementia Diagnosis
A diagnosis of Alzheimer’s or other type of dementia can be devastating, but it doesn’t have to be, according to the new book “Better Living with Dementia.” It’s important to know what to expect, and the authors highlight concrete steps to take to make life more manageable.
IRA Owners Should Consider Converting to Roths
People who have traditional (taxable) IRAs may want to consider switching to a Roth. There are a number of factors to consider; here are five of them.