Bobby’s Blog

Dispute Over Robin Williams’ Estate Ends

Robin Williams' widow and three adult children from previous marriages ended their legal dispute over the legendary comedian's estate. Mr. Williams' estate had an estimated value of $100 million and the dispute centered on a myriad of personal items. Mr. Williams died in August of 2014 and his children were the beneficiaries. However,the actor also included a provision in his plan that provided for his wife, Susan Schneider Williams, whom Mr. Williams married fairly recently in 2011. Schneider argued that she was not receiving enough money to maintain the home she owned with Mr. Williams in Tiburon, California.Meanwhile, his children claimed their stepmother was "adding insult to a terrible injury" by trying to...

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Making a Difference…After Death

IndyCar driver Justin Wilson died after suffering injuries sustained during a race accident. The 37-year-old driver was struck in the head by debris from another driver's car during the single-seater series at Pocono Raceway in Pennsylvania, according to CNN.com. The loss of this bright, rising star was devastating to his family, friends, loved ones, and the racing community in general. However, one bright spot in this moment of darkness is the fact that Wilson was an organ donor and that decision made a tremendous impact on the lives of others in need. Wilson's younger brother Stefan, who is also an IndyCar driver,...

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Same-Sex Couples May Need to Review Estate Plans

Obergefell v. Hodges, the historic Supreme Court decision requiring all states to recognize legally valid same-sex marriages, will certainly have rippled effects in the estate planning world. Why? Because couples in the LGBT community need to now review their estate plans to determine whether the language used to transfer assets to their significant other is still legally accurate and valid. Many states, including Virginia, did not recognize same-sex marriage prior to the Obergefell decision, so many LGBT couples opted not to put together estate plans where their significant other received assets for fear that they may not be legally valid upon...

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There’s No Such Thing as a “Simple Will”

I get this request, in some form or another, on a regular basis - “I want a simple will.” The client is thinking they have a relatively straightforward collection of assets and a “typical” family. Then they drop the proverbial bomb and reveal that they have a half-interest in a rental property based in Honolulu, natural gas interests in another state, and a general partnership worth somewhere between $100,000 and $5,000,000. They also divulge the fact that they have one child who is physically disabled and another child who has served jail time with two divorces under their belt. Clearly, a...

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Maintaining Control of Your Money From Beyond the Grave

A funny  story, found on littlethings.com, about a man and his money goes as follows: There was a man who worked all of his life and saved all of his money. He loved money more than just about anything, and just before he died, he said to his wife, “Now listen, when I die I want you to take all my money and place it in the casket with me. Because I want to take all my money to the afterlife.” So, he got his wife to promise him with all her heart that when he died she would put all...

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