Hello and good Saturday morning to you all. We hope you saw and felt a little of the sunshine this past week. It seemed kind of rare. We have some interesting posts to share with you, and if you missed any this past week, we hope this is a fast and easy way to catch up. Please remember, we like your comments and/or topic suggestions for future posts. We want to keep you informed. We wish you a good day and a peaceful weekend.
(Monday, May 18, 2015) Inheritance Scam Leads to Jail
People have probably been attempting to scam others out of their money for as long as money has existed. Many different schemes exist that people fall for over and over again. Recently, people have been falling for a scam involving fake inheritances. However, if the scammer is caught the result is likely to be jail time.
Reference: Fox 2 Now (May 8, 2015) "O'Fallon man sentenced for bogus inheritance tale."
(Tuesday, May 19, 2015) Summer Redstone's Succession Plan
Sumner Redstone might not be a household number, but he is one of the most important media moguls in the United States. Redstone controls approximately 80 percent of the voting stock in CBS and Viacom. Because of that many people are interested in the details of his estate plan and what will happen to the companies after he passes away.
Reference: Bloomberg Business (May 7, 2015) "Redstone Says Trustees to Oversee Estate After Death."
(Wednesday, May 20, 2015) Do Not Forget Your Frequent Flier Miles
Most people who travel a lot have accumulated many unredeemed frequent flier miles or hotel reward points. What many do not know is that it is a good idea to state who should assume ownership of these loyalty reward points in an estate plan.
Reference: New York Times (May 6, 2015) "Loyalty Program Rules Aren't Ironclad."
(Thursday, May 21, 2015) Leaving Your Friends a Few Drinks
Sometimes it is the littlest things that you do in your estate plan that create the most lasting memories. This might be the case in England where one man left his drinking buddies money to have drinks on him.
Reference: Daily Star (May 6, 2015) "Cheers: Dead man buys last round for best mates by leaving surprise money in his will."
(Friday, May 21, 2015) Forged Will Leads to Arrest
Unfortunately, it is not unusual for people to take advantage of the elderly and even to go so far as to forge a will when the elderly person passes away. It is heartening, however, that when caught the people who do this normally face criminal charges.
Reference: KAIT, Region 8 Newsdesk (May 9, 2015) "Woman arrested for forging new will after someone died."
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