Revocable vs. Irrevocable Trusts – What’s the Difference?

There are two main types of living trusts – revocable and irrevocable trusts. Each has their own benefits and caveats, and choosing which one is right for your individual situation can seem complex. Understanding the differences between these two types of trusts is key to selecting a trust that properly protects your assets and accomplishes […]

Estate of Levity: Me and Bobby McGee

Famed singer, Janis Joplin, executed a Last Will & Testament shortly before died of a drug overdose in 1970. The majority of the will is fairly normal but tucked away in the middle is a clause authorizing Joplin’s executor to spend several thousand dollars on a gathering of friends to express her appreciation and a final […]

Estate of Levity: And she was fair as is the rose in May

After a 48 year tumultuous marriage to Sayde Marks, Jack Benny died in the winter of 1974.  Every day from Jack’s funeral until the day she died, Sayde Marks received a single long-stemmed red rose.  In his last will and testament, Jack had directed that a sufficient amount of money be set aside to give […]

Estate of Levity: The man who left his wife one shilling

John George (1791) drafted a will seeking to cut his wife, Elizabeth, out of what would otherwise be a presumably large estate.  He did so by leaving her a single shilling: “Seeing that I had the misfortune to be married to the aforesaid Elizabeth, who, ever since our union, has tormented me in every possible […]

Estate of Levity: Houdini’s strange last wish

As November approaches, an All Hallows Eve-themed estate story must be appropriate. Harry Houdini (1926), Last Wish: That his wife hold an annual seance so he could reveal himself to her. Houdini in his later life became very interested in spiritualism and seances because of the great loss he felt upon the death of his […]

Estate of Levity: William Shakespeare

William Shakespeare (1616), Last Wish: That his wife receive his “second best bed”. This last request of Shakespeare has caused much speculation about his relationship with his wife Anne Hathaway. Not only was it an unusual request, it was tacked on to the document as if it were an afterthought. Leaving a bed to someone […]