Know What You Want, Then Make It Known
June 1, 2005The struggle over Terri Schiavo’s fate did not break new legal ground, but it offered some estate-planning lessons nevertheless. Among them: Every adult needs an estate plan. Though this is a standard estate-planning mantra, many professionals focus on parents of young children, people with substantial assets, and the elderly. Most American adults die intestate, meaning without a will. Very few people who lack wills have other documents such as a …
Judging The Motives Of A Stranger
June 1, 2005Is it fair to judge the motives and attack the integrity of a stranger? Or is it just easy? Perhaps Paul A. Gigot, editorial page editor of The Wall Street Journal, can answer. His page produced a vicious, unwarranted and chillingly casual attack on Michael Schiavo at the height of the legal and political battle surrounding Terri Schiavo’s fate. After noting that at least 19 judges in six courts had …
The Terri Schiavo Nightmare
June 1, 2005The Terri Schiavo case was an estate planner’s nightmare, come to life. It had everything I dread: A helpless patient whose wishes were never recorded; loved ones at war with one another; endless court proceedings that made talk-show fodder of the most intimate family matters. The Schiavo case takes its place alongside those of Karen Quinlan and Nancy Cruzan in the pantheon of “right to die” litigation etched into American …
Timberland Investments Can Diversify Portfolio
June 1, 2005Ever since the stock market’s downturn early this decade, many investors have been searching for alternative sources of return and stability. Are timberlands a good place to look? Timber as an investable asset class has sprouted on many investment professionals’ radar screens recently. Indeed, timber has desirable traits because it possesses an expected return in line with that of the public equity markets, but tends not to move in step …
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