Planning for your Will

Everyone loves dogs; some people even go as far as calling themselves “dog moms” or “fur moms,” and lavish their pets with treats, love and even bank accounts worth thousands. It’s a little jarring that you can open up Instagram and find dogs with millions of subscribers, who racking up millions for their owners. 

Dogs can make wonderful companions and bring joy and love into our lives. There are many breeds of dogs, each with their own unique characteristics and personality traits. Some people prefer smaller dogs, while others prefer larger breeds. Some dogs are more energetic and require more exercise and playtime, while others are more laid back and enjoy relaxing at home. This is where the story of Pamela Mobbs comes in. Dogs serve multiple purposes: companionship, hunting, guarding, etc. 

When dog lovers pass on, they usually leave behind thousands to charities for animal rescues and the like. Rich women carry small dogs in their bags; look at celebrities like Mariah Carey and Paris Hilton parading around with their small balls of fur wrapped up in their bags. 

Mobbs was a 90 year-old dog lover who passed away and left behind a sizeable amount ($32k) for the care and maintenance of police dogs in Florida. What are these dogs getting? Click here to find out!

Betty White is an American actress and comedian who has been in show business for over eight decades. C’mon, who doesn’t love Betty White? She radiates warmth and friendliness. 

She is best known for her roles in television, including as Sue Ann Nivens on “The Mary Tyler Moore Show” and Rose Nylund on “The Golden Girls.” White has also appeared in films and has hosted several television shows, including “The Betty White Show” and “Betty White’s Off Their Rockers.” She has never quit acting and appeared in sitcoms in the late 2000’s, like the Big Bang Theory. She has won numerous awards for her acting and has been recognized for her contributions to the entertainment industry, including receiving a star on the Hollywood Walk of Fame. In addition to her acting career, White is also known for her philanthropy and animal rights activism. She has generously donated to several charities and had a particular love for wildlife. Despite her advanced age, she remains active in the entertainment industry and continues to be a popular and beloved figure. 

The beloved actress passed away at the age of 99 on December 31st. 

What a way to wring in the new year! Curious to know where her whopping $75 million fortune will go? Click here to take a guess! 

This is actually a nice problem to have: a couple want to know if they should sell their home, or bequeath it to their son in their Last Will and Testament? The couple asked an attorney this question, and the response was to hold on to it, for now. 

If you acquire property in a Last Will and Testament, you should consider the following: 

Once you have taken ownership of the property in question, you will need to decide what you want to do with it. You may want to keep the house and live in it, or you may decide to sell it. If you decide to sell the house, you will need to consider any taxes that may be due on the sale, as well as any outstanding debts or liens that may be attached to the property. You should also consider hiring a real estate agent to help you sell the property.

The attorney’s response was that there would be taxes for the son to pay if they decide to bequeath it to their son in their Last Will. Additionally, if they sold the house to downsize(which is what the couple wanted to do), they may not make that much money on that either. The implication seemed to be to hold on to the house, for now. In this day and age where property taxes are rising at an astronomical rate, they may consider just leaving their property behind for their son. After all, many can’t afford a home and their only chance of owning one is through inheriting property from their parents. 

You can read the advice provided to the couple, here. 

Prince Philip, the Duke of Edinburgh, was the husband of Queen Elizabeth 2. He passed away in 2021.  He was educated in both Germany and England. Like others of royal standing, he was blessed with the privileges of the best education as possible. He married Queen Elizabeth in 1947. 

He’s had a distinguished career and enjoyed a long life, dying at the age of 90 in April of 2021. 

What’s in his Will? Are you curious to find out? You may have a long..90 years to wait. 

The mainstream media in the U.K. has engaged in a legal battle to seal Prince Philip’s Last Will and Testament. The Guardian, a major British publication, filed a lawsuit against Queen Elizabeth 2’s attorney general. The publication was trying to argue that  arguing that the  decision to ban the press violates the “principle of transparent justice.”  In September of 2021,  the British High Court ruled the Will of Prince Philip should not be “accessible to the public for 90 years.” Typically, f a person dies in England, his/her Will is automatically made public. This is done to ensure that the Will is properly executed. The Royal family is exempt from this. 

You can read more about this here.