Check out the latest edition of our newsletter!
You Can’t Take It With You
www.planningyourlegacy.com 803-746-7000
October 2024
WALKING TO SCHOOL
to grab us. In fact, it became a fascinating place to explore on the way to school. Fruits of Our Labor Walking to school, we also quickly learned where all the fruit trees were along our route: peach trees, apple trees, bushes with blueberries and blackberries, and even pecan trees. These trees would often be covered in kudzu, nicknamed “the vine that ate the South.” It was introduced from Asia to help combat erosion but quickly took over the environment fairly substantially. However, vines were the least of our worries if someone caught us snacking on fruit in their backyard. A single phone call would result in a chain of events that would inevitably lead to our parents finding out about our daring escapades. Also, back then, anyone could punish your kids; we could catch a paddling from just about anyone. Train tracks led through the middle of town, and after school, we would walk down the tracks and see who could balance the longest without falling off. We would also collect the bottles left by the side of the tracks and the roads and turn those in for change. As kids, we didn’t save that money but spent it all on hamburgers, ice cream, and video games. A couple of places in town had pinball machines and arcade cabinets, and inevitably, we’d spend our hard-earned money to pursue the new high score. A Question to Ask (or Answer for) a Loved One Asking and answering important questions helps preserve your family’s values and life lessons for generations to come. What was your favorite subject in school?
The Daily Childhood Adventures
Growing up, you either walked to school or took the bus. That is just how it was back then. My parents took me to their work every day, and from there, I walked to the bus stop. Teachers and supervisors patrolled the bus stop and would break up any cliques appearing to have too much fun, and my friends and I were no exception. For this reason, we decided to stop taking the bus — instead, we would walk. With October being National Walk to School Day, I thought it was fitting to discuss the adventures we partook in as we shunned the bus stop to walk the whole way to class instead. My Walks to School From third to sixth grade, I walked to school, and the fact that I was not supposed to made it even more fun. You had to be careful; if the enforcers at the bus stop saw us and we didn’t board the bus, we could get in trouble. We grew up in a small town where if you did something wrong, your parents knew before you got home. To avoid this, a handful of us would meet elsewhere and make our own way to school.
These journeys to school captured the spirit of adventure all kids strive for and helped form childhood memories that still stick with me today.
The Terrifying Shortcut For a while, we took an indirect route to school, as the direct route would tread through territory that was fairly intimidating to us back then. However, one day, we messed around a bit too much and realized we were running late. There was only one way to make up that lost time — a shortcut through the cemetery. Nobody wanted to go through there, but we rationalized that it would save considerable time. After some deliberation, we summoned the courage to go through the graveyard as a group. Amazingly, nothing horrible happened; no ghouls or ghosts awaited us behind the headstones, and no groundskeeper leered out from a tomb waiting
Philip J. Corson, Founder
“Treat others as you want them to treat you.” – Matthew 7:12
www.planningyourlegacy.com | 1
Published by Newsletter Pro • www.newsletterpro.com
HOW TO SIDESTEP PROBATE Simple Ways to Avoid Probate With Your Assets
Beneficiary Designations One straightforward method is to designate beneficiaries directly on accounts such as IRAs, life insurance
Avoiding probate is a common goal for many when planning their estate, and for good reason. Probate is the legal process through which a deceased person’s assets are distributed under court supervision. This process can be time-consuming, costly, and public — all good enough reasons to find an alternative that allows your estate to pass directly to your loved ones. First, understanding what probate involves is crucial. Probate is the distribution of assets in your name at the time of your death. Without proper planning, these assets must go through probate before being legally transferred to your heirs. However, several strategies can ensure your assets bypass the probate process, saving your beneficiaries time, money, and stress. Here are three effective ways to avoid probate.
automatically transferring assets to your designated beneficiaries. Revocable Living Trusts Another powerful tool is creating a revocable living trust. You transfer your assets into the trust, and you can remain the trustee during your lifetime, managing the assets as you see fit. Upon your death, the successor trustee you’ve named will distribute the trust assets to the beneficiaries according to your instructions in the trust document — again, without probate. Incorporating these strategies not only simplifies the distribution of your assets but also provides peace of mind, knowing that your beneficiaries can avoid the complications of probate.
policies, and retirement plans. Doing so will transfer these assets directly to the named beneficiaries upon your death without going through probate. It’s vital to keep these designations up to date to reflect your current wishes. Payable on Death (POD) and Transfer on Death (TOD) For bank accounts, you can set up a Payable on Death (POD) designation, which allows the account’s contents to be transferred directly to a named beneficiary when you pass away. Similarly, Transfer on Death (TOD) registrations can be used for brokerage accounts and other eligible assets. These designations are simple to set up and effectively bypass probate by
The Urban Dog’s Survival Guide
How to Make Your Apartment a Paradise for Your Pooch
Drown out the chaos with white noise. Apartment life is noisy, and for a dog, every hallway sound is a potential intruder or a friend they haven’t met yet. To keep the barking at bay and help your dog stay calm, consider placing a white noise machine near the source of everyday noises, like the front door. It’s like giving your dog their own personal bubble of Zen, shielding them from the chaos of the outside world. Treats are a dog’s best friend. Navigating the bustling common areas of an apartment building can be a sensory overload for your pup. To keep them focused and calm in busy lobbies and elevators, arm yourself with their favorite treats. Not only does this keep their attention on you instead of the swirling vortex of scents and sounds, but it also makes these common spaces a source of positive reinforcement. Elevator rides suddenly become much more appealing when a tasty snack is involved!
Mental gymnastics keep them active. Just like us, dogs need mental stimulation to stay sharp and content. Incorporating mental enrichment activities into your dog’s daily routine can make a big difference, especially on those rainy days when a long walk isn’t in the cards. Puzzle feeders or a good old game of hide and seek with treats can keep their brains buzzing and boredom at bay. Create a cozy corner. Set up a dedicated space in your apartment where your dog can retreat and relax. This could be a cozy corner with their bed, some favorite toys, and maybe even an item that smells like you. It’s their haven from the hustle and bustle of apartment life! Living with a dog in an apartment doesn’t have to be ruff. With these simple adjustments, you can ensure your pup feels as much at home in your apartment as you do. After all, it’s not just your space — it’s their den, too!
Living in an apartment with a furry companion has quirks and challenges, especially when your roommate is a barking bundle of joy. While we love having them around, keeping our canine pals happy in a compact space requires a bit of creativity and a lot of care. Here are some tail-wagging tips to ensure your dog is as comfortable in your apartment as you are!
2 | 803-746-7000
Published by Newsletter Pro • www.newsletterpro.com
TAKE A BREAK
Coney Island’s Cutthroat Carnival
The Rivalry That Redefined Entertainment
AUTUMN BOO CANDY COFFEE FOLIAGE
In the early 20th century, Coney Island was the beating heart of America’s burgeoning amusement park industry. Three rival theme parks — Steeplechase Park, Luna Park, and Dreamland — engaged in fierce, cutthroat competition that dramatically reshaped this iconic destination. A Tawdry Reputation Transformed Coney Island’s reputation was once far from wholesome. Known as “Sodom by the Sea,” it was considered a tawdry, vice-filled destination. That began to change in 1897 when Steeplechase Park opened. Its founder, George Tilyou, sought to bring clean fun to the masses, creating a lighthearted atmosphere exemplified by his iconic “Funny Face” caricature. Stealing Ideas and Underhanded Tactics Tilyou’s success soon drew the attention of rival park operators. In 1902, he lured away the founders of the popular “A Trip to the Moon” attraction from the upcoming Luna Park. These underhanded tactics were common, as the parks constantly copied each other’s rides and acts to one-up the competition. Rapid Innovation Drives Change This competitive spirit drove rapid innovation at Coney Island. Over just a few years, the parks introduced groundbreaking new attractions like the Rotating Barrel, Thunderbolt roller coaster, and the world’s largest Ferris wheel. They transformed the public’s perception of amusement parks, elevating them from sideshows to immersive, technologically advanced experiences. The Birth of the Modern Amusement Park The era of Coney Island’s dueling theme parks was short- lived, lasting only from 1904 to 1911, but its impact can still be felt today. The parks’ relentless one-upmanship drove the rapid evolution of the amusement park industry, laying the foundation for the iconic destination Coney Island has become. What began as a vulgar locale became a glittering symbol of American ingenuity and the pursuit of wholesome fun. While the tactics of these rival parks may have been underhanded, the lasting legacy of their fierce competition is undeniable. The rapid innovations, technological advancements, and shifts in public perception from this crucible of competition continue to shape the amusement park experience today.
GHOST GOURD MOON SPOOKY SOUP TAILGATE TOUCHDOWN
PUMPKIN PIE FRENCH TOAST
Inspired by AllRecipes.com
Ingredients
• 1 1/2 tsp vegetable oil, or as needed • 1/2 cup half-and-half • 1/4 cup canned pumpkin purée • 3 large eggs • 1 tsp ground cinnamon
• 1 tsp vanilla extract • 1/4 tsp pumpkin pie spice • 1/4 cup finely chopped walnuts
• 8 slices day-old bread • Maple syrup, to taste
Directions 1. Lightly oil a skillet and heat over medium heat.
2. Whisk half-and-half, pumpkin purée, eggs, cinnamon, vanilla, and pumpkin pie spice together in a bowl. Stir in walnuts until evenly distributed. 3. Place 1 slice of bread in the bowl and let it soak briefly to coat both sides. Lift bread to let excess liquid drip back into the bowl, then transfer to the hot skillet. 4. Cook for 2–3 minutes or until golden brown, then flip and cook the other side until done. 5. Stir batter to redistribute walnuts and repeat with other slices of bread, cooking in several batches if necessary. 6. Serve warm with maple syrup.
www.planningyourlegacy.com | 3
Published by Newsletter Pro • www.newsletterpro.com
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
803-746-7000 www.planningyourlegacy.com 1771 N HWY 321, Ste. 100 BOWLING GREEN, SC 29703
INSIDE THIS ISSUE
1 2
The Adventures of Walking to School
Escape Probate With These Estate Planning Tips
Turn Your Apartment Into a Dog-Friendly Haven
3
Pumpkin Pie French Toast
The Cutthroat Competition Behind Coney Island
4
The Legal Drama Behind Larry King’s Handwritten Will
Lessons Learned From Larry King’s Handwritten Will
When iconic TV host and author Larry King died at age 87, he left a legacy of iconic interviews and memorable moments over a long radio and television career, including 25 years at CNN. But an unexpected twist was his secret handwritten will that dramatically changed the plans for his estate. Despite its brevity and simplicity, this last-minute discovery sparked a heated legal battle. Handwritten or “holographic” wills are legal in many states, including California, where Larry King resided. These wills don’t require the usual formalities of being witnessed but must be entirely written and signed by the testator — the person to whom the will belongs. While this might seem like a convenient shortcut, it often leads to serious legal challenges, particularly around the will’s credibility and the testator’s intentions.
In Larry King’s case, his handwritten will excluded his wife, leaving his entire estate to his children. This was a shock, especially since California law entitles a surviving spouse to half of all the assets acquired during the marriage. King’s wife was understandably taken aback, leading to a family feud ultimately resolved through a confidential settlement. This situation is a stark reminder of why handling estate planning with thorough care and legal guidance is crucial. While a handwritten will can be a legal document, it’s generally better suited for straightforward estate circumstances. A more comprehensive approach is advisable to avoid family disputes in more complex situations, like Larry King’s, who had considerable assets and a blended family.
Photo: Peabody Awards
Larry King’s situation emphasizes the crucial importance of having a well-thought-out estate plan that considers all legal aspects and potential family dynamics — King was married eight times to seven women and had three surviving biological children. While handwritten wills are a valid option, they should be used cautiously. Taking proactive steps in estate planning can help prevent conflicts and ensure your final wishes are respected, providing peace of mind for you and your loved ones.
4 | 803-746-7000
Published by Newsletter Pro • www.newsletterpro.com
SHAKE UP YOUR TAX SEASON!
Legacy Law Firm Presents: “Magic 8 Ball” Year-End Tax Planning Workshop Date: Oct. 25, 2024 | Time: 11:00 a.m.–1:00 p.m. Location: Clover Presbyterian Church 202 Kings Mountain St., Clover, SC 29710 Will You Reduce Your Taxes This Year? Magic 8 Ball says... All Signs Point to YES! Join us for an informative (and fun!) workshop where you’ll discover: ✔ Real tips and tricks to cut down on your tax bill. ✔ Strategies to boost your refund. ✔ The latest tax-saving opportunities for 2024. Plus, we’ll have:
📄 Mobile Paper Shredding — Bring those old tax returns (over 7 years old) and documents you need securely shredded! 🍽 Lunch On Us — Grab a bite while soaking up valuable tax knowledge. 🎱 Interactive Q&A — Have tax questions? Shake the Magic 8 Ball and let our experts provide answers!
Bring a Friend! Guests are welcome, so feel free to invite someone who could benefit from tax-saving tips. Registration is Easy! Call 803-746-7000 , visit planningyourlegacy.com , or scan the QR Code to reserve your spot. RSVP by Oct. 23, 2024.
Why leave your taxes to chance? Let Legacy Law Firm help you make informed decisions and laugh a little along the way. See you on Oct. 25!
“Outlook good” for a smarter tax season!
803-746-7000 www.planningyourlegacy.com 1771 N HWY 321, Ste. 100 BOWLING GREEN, SC 29703
🎄 Legacy Law Firm’s Christmas Party 🎄
🎅 “It’s the most wonderful time of the year!” 🎅
We’re jingling all the way to celebrate YOU—our amazing clients! Join us for a morning of delicious food, holiday cheer, and a few surprises. Date: Saturday, Dec. 14, 2024 Time: 9:00 a.m.–11:00 a.m. Location: Glennon Conference Center, Tega Cay Golf Club 15083 Molokai Dr., Tega Cay, SC 29708 Attire: Holiday Festive (ugly Christmas sweaters highly encouraged!)
🎁 What’s on the sleigh? 🎁 • Holiday Breakfast Buffet – Because “Baby, it’s cold outside,” but our menu’s nice and warm! • “Naughty or Nice” Sweater Contest – Flaunt your ugliest or jolliest sweater for a chance at glory! • Special Presentation: “Tying a Bow on Your Legacy: The Importance of Asset Alignment” – Like Santa checks his list twice, we’ll show you how to wrap up your estate plan just right!
🎅 “Make your list and check it twice!” 🎅 Give your family the ultimate gift: peace of mind. Learn how asset alignment keeps everything tied together and ensures you’re off the Naughty List for good.
✨ RSVP by Nov. 30, 2024 ✨ Website: planningyourlegacy.com Phone: 803-746-7000 Guests are welcome — just RSVP for all attending!
🎄 “Have yourself a merry little Christmas” with us before you finish holiday shopping or kick back with a holiday movie classic. Whether you’re already on the “Nice List” or need some help getting there, we’re here to make your holiday season smooth and joyful! 🎄
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6Made with FlippingBook Ebook Creator