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July 20, 2010
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Wills & Trusts News

 

Clinton Proposes Legislation To Support the Children Of Single Parents Who Lose Their Lives

Senator Hillary Rodham Clinton, a member of the Senate Armed Services Committee, today announced that she will propose legislation to help single parents who are killed in Iraq, Afghanistan or elsewhere to establish a guardian as recipient of their death benefit. Under her legislation, single parents will have greater flexibility to provide the death benefit to the person who will be the guardian of their minor child in the tragic case of their death. The legislation would allow single parents to designate the custodial guardian of the minor child to receive those benefits.

"I have long championed increased resources for grandparents, many of them retired, who are faced with unnecessary financial hardships while raising their children's children without access to financial assistance", said Senator Clinton. "This bill reflects the realities that the toll of this war is taking on American military families. Single parents are being killed in Iraq and Afghanistan, and the ability for grandparents or other designated guardians to care for surviving children is limited and creating unnecessary hardships."

The legislation will also require mandatory counseling during pre-deployment activities specifically tailored to provide information about wills, trusts, and life insurance options so they are fully informed about the financial decisions they are making on behalf of their families. Read more at clinton.senate.gov.

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  News Room  
 
Self-Proclaimed CPA Sentenced For Role In Fraud Scheme
On February 26, 2007, in Salt Lake City, UT, Lanny R. White was sentenced to 60 months in prison, three years of supervised release and ordered to ...
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Create And Discuss Your Living Will
Most of us might never have heard of Terri Schiavo if she had put her medical wishes in writing. The emotional case has many people across the coun...
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Short Form Terms For Wills And Trusts
Chapter 184B: Section 1 Terms; incorporation by reference; copy of section defining term

Section 1. The terms defined in this chapter may b...

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Common Terms

 


Today's Terms

Fiduciary

Definition:
A person who has a position of trust and is responsible for the property of others. Such a person is said to have fiduciary duties to the owners of the property or the right to receive it.

Minor

Definition:
A minor is any person under the age of 18 (the age of majority).

Appointee

Definition:
A person named by a court to act as conservator, guardian, personal representative, or trustee.

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Hot Topics

 

  • Creating A Trust
  • Types Of Trusts
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  • Disinheriting Family
  • Selecting An Executor
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Massachusetts Wills & Trusts Attorney

 
If you live in the following cities and need a Wills & Trusts Attorney you should contact our Wills & Trusts Attorneys as soon as possible:

  • Amherst
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  • Beverly
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  • Fitchburg
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  • Methuen
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  • Plymouth
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  • Salem
  • Taunton
  • Westfield
  • Woburn
 


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