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R Steven Chambers Blog

Estate Planning or Advance Planning?

Recently I met with a life insurance agent to talk about planning. He told me the new term for what most attorneys know as estate planning is advance planning. “Advance” as in planning prior to death, disability, accident, divorce — whatever those bumps in life’s road might be. While I’m not generally a fan of […]

Cryptocurrency Criminal Investigations Coming

The Criminal Investigation division of the Internal Revenue Service (IRS) recently announced that details of new criminal cases involving cryptocurrencies, such as Bitcoin, will be released soon. This announcement is most likely related to an announcement made by the IRS in 2014 that cryptocurrencies would be treated like any other property for the purpose of […]

Two Documents Young Adults Need

Congratulations! Your son or daughter has turned 18 and is an adult. Now what do you do? The law is a fictional world that sometimes bears no resemblance to reality. It allows for the creation of legal entities such as corporations and partnerships and lets them act as if they were natural persons. It has […]

Single Parents’ Estate Plans

A single parent with minor children faces challenges in creating an estate plan. If one parent of a couple dies, usually the child doesn’t have to leave her home and remains with the surviving parent. That parent is presumably familiar with the child’s abilities and interests, has access to whatever life insurance or other financial […]

10 Things Your Kids Don’t Want

Whenever I meet with clients about their wills, they always bring up how to divide the family treasures, the stuff that is in people’s houses. According to Elizabeth Stewart, author of “No Thanks, Mom,” Gen Xers and Millennials don’t prize those treasures the way their parents or their grandparents did. Here’s a list of 10 […]

One Twin a U.S. Citizen, the Other Not

Twin boys were born abroad. One was ruled a U.S. citizen; the other wasn’t. That was the ruling under a U.S. Department of State policy that, according to a federal judge, was wrongly applied. Andrew Dvash-Banks was a student in Israel when he met his future husband, Elad, who was an Israeli citizen. Because they […]

What’s the Difference Between Joint Tenancy and Tenancy in Common?

In an earlier post, I talked about the differences between joint tenancy and transfer on death deeds. Today I want to discuss the two most common forms of joint ownership, tenancy in common and joint tenancy. While transfer on death deeds apply only to real property (land), joint tenancy and tenancy in common apply to […]

Are Joint Tenancy and Transfer on Death the Same?

The answer depends on what is meant by “the same.” Both will transfer title to property at death without the need for the property to go through probate, but beyond that they are different. Joint Tenancy is a form of ownership where two or more people own “undivided interests” in property. In joint tenancy the […]

Hell Hath No Fury

like a football fan scorned. At least that seems to be the attitude of New Orleans’ Saints fan and lawyer Frank D’Amco, Jr.,  who filed a lawsuit on Tuesday on behalf of New Orleans Saints’ season ticket holders over the blatant no call with 1:45 left to play in the Saints – Los Angeles Rams’ […]

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