Pharos-Tribune

Business

August 30, 2013

SMART MONEY: Sitting on cash a mistake for young investor

(Continued)

His kids are contesting his will because they are afraid they won't get anything. So far, I have spent close to $14,000 for legal fees. Is there any point in having a will? — H.R., via email

DEAR H.R.: I don't understand why it cost so much for them to contest the will. If the will was properly drawn and witnessed, they are out! You are the surviving spouse, and it is not at all unusual to leave everything to you.

On the other side of that, you have spent close to $14,000, and you ask if there is any point of having a will. Absolutely, positively! Had there been no will, they would likely have received two-thirds of what your husband left behind.

I would go to your stepchildren and tell them you know their father wanted you to share what he left with them, but you will deduct the $14,000 from their legacy. It seems to me that this could have been negotiated. If they continue to contest the will, I don't think that they will be successful unless there is something you haven't told me. He had every right to leave his assets to you.

Text Only | Photo Reprints
Business
  • Hilton CEO [Duplicate] [Duplicate] The man responsible for Hilton's grand turnaround McLEAN, Va. (AP) — Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. These aren't small meals. Between his wife, six daughters, friends,

    July 30, 2014 1 Photo

  • Full appeals court upholds labels on meat packages WASHINGTON (AP) — A federal appeals court has upheld new government rules that require labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rul

    July 29, 2014

  • Debt Study [Duplicate] [Duplicate] Study: 35 percent in US facing debt collectors WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bill

    July 29, 2014 1 Photo

  • US companies increasingly fish for growth overseas SAN FRANCISCO (AP) — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to prod

    July 28, 2014

  • Indiana Packers acquires Michigan facility, label DELPHI — Indiana Packers, which owns a large meat processing plant on Delphi’s south side, this month announced it had bought one of its top customers.Private-label food manufacturer Quincy Street Inc. in Holland, Mich., has done business with Indian

    July 27, 2014

  • Business news in brief, July 27 Diabetes education accredited at LMHThe diabetes education program at Logansport Memorial Hospital was recently named an accredited diabetes education program by the American Association of Diabetes Educators.The program at Logansport Memorial Hospit

    July 27, 2014

  • Shannon Niedzwicki.jpg ON THE JOB: Stand out in the paper crowd Preparing or writing the cover letter to go with your resume can be a scary proposition. This added piece is essential in the job search process and should not be overlooked. The only time a cover letter is not needed is when you are handing out resu

    July 27, 2014 1 Photo

  • Consumer Reports: Living well into your 80s and beyond Sixty years ago, an American who made it to 65 could expect to live an additional 14 years. Today, Consumer Reports notes, it’s 19 years. So how do we grow older healthfully so that we can actually enjoy those extra years? No matter whether you’ve ju

    July 27, 2014

  • Resilient Stocks [Duplicate] [Duplicate] Global tensions don't dent enthusiasm for stocks A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher. The market's resilience

    July 25, 2014 1 Photo

  • CORRECTION Fast Food Workers Convention-3 [Duplicate] [Duplicate] Fast food workers prepare to escalate wage demands CHICAGO (AP) — Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort th

    July 25, 2014 1 Photo

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should grocery and convenience stores be allowed to sell cold beer?

Yes
No
Unsure
     View Results
Featured Ads
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.