The Asset Protection Law Letter
A Service of Klueger & Stein, LLP


               THE ASSET PROTECTION LAW LETTER

Planning Your Estate 
Living Trusts Vs. Wills

You don’t have to plan your estate. No one can force you to. But if you don’t, you might end up like Einar Borglund (The name has been changed to protect the family). Mr. Borglund was not a client of Klueger & Stein, LLP. However, his children are clients. Mr. Borglund, according to his children, was apparently the most ornery old coot alive. Throughout his life, he amassed a good deal of wealth, owning a large collection of apartment buildings in Los Angeles.

Mr. Borglund did not trust janitors or plumbers, so he did most of the repairs on his buildings himself. He did not like property managers, so he collected rents himself. He did not like accountants, or lawyers but most of all; he did not like any of his three children (our clients).

There was one person Mr. Borglund loved, his second wife Bertha. Because he loved Bertha, and hated lawyers, one day, probably when he was nearing eighty, he popped a sheet of paper into a typewriter and typed out:

 Last Will and Testament

I, Einar Borglund, being of sound mind, leave everything to my wife Bertha when I die. I leave nothing to my children.

                                                                                                             Signed
                                                                                                          (Signature)

Can a will that was typed, but unwitnessed hold up in court as a legal document? 

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Upcoming Seminars 

International Conference 
by Jacob Stein on October 29, 2014
Location: CPA Associates International - San Francisco
 
Sophisticated Estate & Asset Protection Planning 
by Jacob Stein on October 31, 2014
Location: CPA Discussion Group - Beverly Hills

 
Asset Protection Planning 
by Jacob Stein on November 03, 2014
Location: CalCPA - Pasadena
 
Asset Protection Planning 
by Jacob Stein on November 10, 2014
Location: CPA Education Foundation - Orange County

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Robert F. KluegerJD, LLM 
Mr. Klueger is one of the very few private attorneys in America who has argued a tax case before the United States Supreme Court, [United States v. Brockamp], which resulted in a change in the tax law regarding tax refund claims filed by disabled taxpayers....


       
Jacob Stein, JD, LLM
Mr. Stein is one of California’s best known attorneys and AV rated by Martindale-Hubbell (highest possible rating). He teaches dozens of legal seminars each year on the subjects of asset protection and advanced tax planning....
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