Legal News Articles - Wills/Trusts/Estates

New York, NY: The estate of Jeffrey M. Picower, a philanthropist and investor from Palm Beach, has reached a settlement with the Trustee charged with recovering assets from the Madoff bankruptcy, Irving H. Picard, and the United States attorney for the Southern District, Preet Bharara that will see a total of $7.2 billion cash made available to compensate the victims of Bernard Madoff's global ponzi scheme. The announcement comes on the heels of the suicide of 46-year old son Mark Madoff, who hung himself in his New York loft this week.

Cleveland, OH: An Ohio law firm and a local woman are named as defendants in an upcoming inheritance lawsuit in which nine individual investors and two corporations were swindled out of millions of dollars.

Scranton, PA: So, my Bucko—it is you that has drawn the honor of setting up, and managing what happens with Dad's money. You're the oldest, after all. Well, congratulations. But before you immerse yourself in estate planning, wills and trusts, and all the subtle and complex issues that go along with it, sit down in a quiet spot and stew on it a bit. When it comes to trusts, wills and the other members of the family who will be following your every move with a jaundiced eye, you have to know what you're in for…

Okmulgee, OK: When you're planning and establishing a trust for your estate, look for a trustee who knows the difference between your interests and their own and who will work for you. Large financial institutions such as the Bank of America certainly know that difference, but as Lorene Grant discovered, they also know how to make your trust and estate work for them.