Downtown Abbey - Lawyer's Dream Or Lawyer's Nightmare?
TaxProf Blog: Estate Planning Lessons From 'Downton Abbey'.
No lawyer can watch Downtown Abbey without marveling at the legal mistakes made by the main characters. From estate planning nightmares to medical malpractice, the series is a cornucopia of legal problems that would keep an army of lawyers busy for a lifetime. This great article from TaxProf Blog highlights some of the more lurid disasters. Before giving birth in an age where medecine isn't far removed for the Middle Ages, it might be a good idea to have a Will and an Advanced Health Care Directive in place. Never invest the family fortune in a speculative venture across the ocean when you need the money to pay the servants at home. It might be a good idea to think about who can best manage the business before engaging in succession planning. Wait, how about doing some succession planning? How about creating a trust to manage an asset with such historical significance as the Abbey? Better yet, sell the sucker to an American tourist with Anglophile tendencies, and put the money in decent investments. You really don't need servants to pour yourself a drink, do you?