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Actor's estate donates $3 million for college scholarships

People often set aside a sum of money to give away to a good cause when they are estate planning. Some consider donating money after they die to be a way of continuing their legacy. Sometimes when people amass a large amount of money over a lifetime, a sizable donation can make quite a difference. A recent contribution from the estate of actor Peter Falk is a good example.

The actor, best known for his Emmy-winning role as the detective Columbo, died last summer at the age of 83. Earlier this week, his estate made a donation in the amount of $3 million to the University of California, Los Angeles, to fund student scholarships.

Couple suing man who adopted girlfriend want to block parcel sale

A case involving estate planning in another state has made national headlines due to its bizarre nature. It seems that many are watching every move of a millionaire who is being sued for wrongful death after a car crash.

The man is being sued by the parents of a 23-year-old man, claiming he is responsible for their son's death. He allegedly left the scene of a car crash while the young man drowned in a nearby canal in February 2010.

Benefits of talking with parents about finances, estate planning

Many people hesitate to ask their elderly parents about finances or estate planning. They may fear the conversation will be awkward, or they don't want to cause undue embarrassment. But it can save a lot of time, energy and money.

One woman who wrote an estate planning guide says age doesn't matter; such a conversation should occur at some point, whether a person is 50 or 90. People might be surprised by what they discover about their parents' finances.

Trustees of Rosa Parks' estate reappointed by judge

Civil rights icon Rosa Parks died several years ago, but a dispute has raged on about her estate and its trustees. Two people, including a woman who was Parks' longtime caregiver and assistant and who co-founded with Parks the Rosa and Raymond Parks Institute for Self Development over two decades ago, were reappointed even after Parks' nieces and nephews had complained about the trustees.

A probate judge reappointed the pair upon the orders of a state Supreme Court. It seems the probate judge had reservations about Parks' longtime caregiver. He had previously appointed two attorneys to handle Parks' estate instead. However, Parks' caregiver complained that they had drained the woman's estate of unnecessary fees.

Family dispute over estate heard by Georgia Supreme Court

A complicated family dispute that has already been in and out of probate court had its day in another court recently: the Georgia Supreme Court, which rarely hears such cases. The probate litigation centers on the estate of the late chairman of the Barrow County Board of Commissioners.

As we noted in a previous blog post, 55 percent of Americans do not have a will. The chairman of the BOC didn't, either, when he passed away suddenly in 2004 after a brief illness. That ultimately set the stage for a dispute between the man's widow and his daughter over his $3 million estate.

55 percent of Americans don't have a will

Estate planning and drafting a will can be complicated. There is a lot to consider, and many times probate litigation is necessary when people decide to contest a will. Sometimes family members wonder whether a person was competent when a will was signed, or they may have a hard time interpreting a will.

To get that far, obviously, someone must have a will in the first place. Some might find this surprising, but about 55 percent of Americans don't even have a will at all. One of those people was Dr. Martin Luther King Jr.

Ways to fulfill your estate planning New Year's resolution

Most people's New Year's resolutions revolve around losing weight or taking up a hobby. However, people often ignore an important aspect of their lives: estate planning.

While estate planning may seem a little daunting to those unfamiliar with it, there are people there to help. Forbes has an interesting article on ways to fulfill that New Year's resolution of getting estate planning materials up-to-date. Here are a few of their tips.

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