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.
Age, Diet, Weight May Contribute to Alzheimer’s
A new study has linked poor diet, aging, and obesity to Alzheimer’s disease. Both, it seems, contribute to inflammation and cellular stress. Meanwhile, another study says the common aspirin might help.
IRAs and Charitable Donations
As you may know, you must start taking distributions from a traditional IRA at age 70 1/2. Lots of people are finding that they don’t particularly need to do that, and they don’t want the extra income (more tax!). Here’s how to use your distribution for good — and your own tax benefit.
Who Inherits Your 401(k)?
Have a 401(k)? Pay close attention to your beneficiaries: name them (both primary and contingent/alternate), check them, and tell them they’re named.
For Single People, Planning Is Even More Important
For single people, planning for incapacity and death is crucial, especially if they have no kids. Married people with children have an immediate pool of people from which to choose to help care for them or to inherit (though they can chose otherwise). But single people may have a wide range of friends or extended family — or no one. It’s important to select loved ones and/or professionals while you can!
Guns and Dementia: Dangerous Mix
In the United States, there has been a lot of debate about how to keep guns away from people with mental illness. But not so much about the many firearms owned by Americans with dementia and other maladies associated with aging.
Astronaut Buzz Aldrin, Kids Battle Over His Affairs
Buzz Aldrin is 88 and suing his own kids. The lawsuit, described as “a tangle of allegations of fraud, conspiracy, exploitation of the elderly, and other finance-related charges,” says the his children and a former manager have wrongfully taken control of not only his finances but “all elements of the Buzz Aldrin brand.” The kids say Aldrin is suffering from confusion and memory loss.
Estate Sale: Jerry Lewis
Many of Jerry Lewis’s belongings have been auctioned at Planet Hollywood in Las Vegas, many items selling for more than expected. What would Lewis think? Said his widow: “He would be proud of the turnout and all the people who are interested in his life. He would love that people are so interested in his life, and the items he treasured so much.”
A Will Is Not an Estate Plan
Maybe you have a Will. That one document, however, isn’t a plan. You really should do more to give those who survive you guidance and clarity.
Woman Who Killed Her Mother Won’t Inherit
It has finally been decided that the woman who killed her mother and stuffed her body in a suitcase won’t be inheriting her $1.56 million estate. By way of settlement, it will go to the daughter of the slayer and granddaughter of the victim, born in prison after the killing.
Father and Daughter Sue Over Sale of Painting
The sale of major Basquiat painting has sparked a lawsuit between father and daughter. The painting, the daughter says, would sold for more if not for dad’s meddling, and he owes me.
MJ Estate Planning Bio-Musical
Michael Jackson’s estate is continuing to create material honoring the legend. Now: A Broadway-bound musical about Jackson’s life. Expected debut: 2020.
Another Piece of Redstone Dispute Ends
You may recall that part of the battle over Sumner Redstone’s capacity and business involved a much-younger girlfriend/former fiance, who accused Redstone’s daughter of conspiring to overtake his media empire. The girlfriend sued, saying he promised to support her. Now that piece has settled; no details disclosed.