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Mountain Views News, Sierra Madre Edition [Pasadena] Saturday, September 8, 2018 | ||||||||||||||||||||
B2 BUSINESS NEWS & TRENDS ARTS & ENTERTAINMENT Mountain Views-News Saturday, September 8, 2018 Jeff’s Book Pics By Jeff Brown FAMILY MATTERS By Marc Garlett ARETHA FRANKLIN DIES WITHOUT A WILL AND LEAVES HER FAMILY TO DEAL WITH COURT AND CONFLICT Aretha Franklin, heralded as the “Queen of Soul,” died from pancreatic cancer at age 76 on August 16th at her home in Detroit. Like Prince, who died in 2016, Franklin was one of the greatest musicians of our time. Also like Prince, she died without a will or trust to pass on her multimillion-dollar estate. Franklin’s lack of estate planning was a huge mistake that will undoubtedly lead to lengthy court battles and major expenses for her family. What’s especially unfortunate is that all this trouble could have been easily prevented. A common mistake Such lack of estate planning is common. A 2017 poll by the senior-care referral service, Caring.com, revealed that more than 60 percent of U.S. adults currently do not have a will or trust in place. The most common excuse given for not creating these documents was simply “not getting around to it.” Whether or not Franklin’s case involved similar procrastination is unclear, but what is clear is that her estimated $80-million estate will now have to go through the lengthy and expensive court process known as probate, her assets will be made public, and there could be a big battle brewing for her family. Probate problems Because Franklin was unmarried and died without a will, Michigan law stipulates that her assets are to be equally divided among her four adult children, one of whom has special needs and will need financial support for the rest of his life. It’s also possible that probate proceedings could last for years due to the size of her estate. And all court proceedings will be public, including any disputes that arise along the way. Such contentious court disputes are common with famous musicians. In Prince’s case, his estate has been subject to numerous family disputes since his death two years ago, even causing the revocation of a multimillion-dollar music contract. The same thing could happen to Franklin’s estate, as high-profile performers often have complex assets, like music rights. Learn from Franklin’s mistakes Although Franklin’s situation is unfortunate, you can learn from her mistakes by beginning the estate planning process now. It would’ve been ideal if Franklin had a will, but even with a will, her estate would still be subject to probate and open to the public. To keep everything private and out of court altogether, Franklin could’ve created a will and a trust. And, within a trust, she could have created a Special Needs Trust for her child who has special needs, thereby giving him full access to governmental support, plus supplemental support from her assets. While trusts used to be available only to the mega wealthy, they’re now used by people of all incomes and asset values. Unlike wills, trusts keep your family out of the probate court, which can save time, money, and a huge amount of heartache. Plus, a properly funded trust (meaning all of your assets are titled in the name of the trust) keeps everything totally private. Trusts also offer several protections for your assets and family that wills alone don’t. With a trust, for example, it’s possible to shield the inheritance you’re leaving behind from the creditors of your heirs or even a future divorce. Don’t wait another day Regardless of your financial status, estate planning is something that you should immediately address, especially if you have children. You never know when tragedy may strike, and by being properly prepared, you can save both yourself and your family massive expense and trauma. Don’t follow in Franklin’s footsteps; use her death as a learning experience. Proper estate planning can keep your family out of conflict, out of court, and out of the public eye. If you’re ready to create a comprehensive estate plan, or need your plan reviewed, call us today. Dedicated to empowering your family, building your wealth and defining your legacy, A local attorney and father, Marc Garlett is on a mission to help parents protect what they love most. His office is located at 55 Auburn Avenue, Sierra Madre, CA 91024. Schedule an appointment to sit down and talk about ensuring a legacy of love and financial security for your family by calling 626.355.4000 or visit www.GarlettLaw. com for more information. Leadership: In Turbulent Times by Doris Kearns Goodwin In this culmination of five decades of acclaimed studies in presidential history, Pulitzer Prize-winning author Doris Kearns Goodwin offers an illuminating exploration of the early development, growth, and exercise of leadership. Are leaders born or made? Where does ambition come from? How does adversity affect the growth of leadership? Does the leader make the times or do the times make the leader? In Leadership, Goodwin draws upon the four presidents she has studied most closely—Abraham Lincoln, Theodore Roosevelt, Franklin D. Roosevelt, and Lyndon B. Johnson (in civil rights)—to show how they recognized leadership qualities within themselves and were recognized as leaders by others. By looking back to their first entries into public life, we encounter them at a time when their paths were filled with confusion, fear, and hope. Leadership tells the story of how they all collided with dramatic reversals that disrupted their lives and threatened to shatter forever their ambitions. Nonetheless, they all emerged fitted to confront the contours and dilemmas of their times. No common pattern describes the trajectory of leadership. Although set apart in background, abilities, and temperament, these men shared a fierce ambition and a deep-seated resilience that enabled them to surmount uncommon hardships. At their best, all four were guided by a sense of moral purpose. At moments of great challenge, they were able to summon their talents to enlarge the opportunities and lives of others. This seminal work provides an accessible and essential road map for aspiring and established leaders in every field. In today’s polarized world, these stories of authentic leadership in times of apprehension and fracture take on a singular urgency. Becoming by Michelle Obama An intimate, powerful, and inspiring memoir by the former First Lady. In a life filled with meaning and accomplishment, Michelle Obama has emerged as one of the most iconic and compelling women of our era. As First Lady of the United States of America—the first African-American to serve in that role—she helped create the most welcoming and inclusive White House in history, while also establishing herself as a powerful advocate for women and girls in the U.S. and around the world, dramatically changing the ways that families pursue healthier and more active lives, and standing with her husband as he led America through some of its most harrowing moments. Along the way, she showed us a few dance moves, crushed Carpool Karaoke, and raised two down-to-earth daughters under an unforgiving media glare. In her memoir, a work of deep reflection and mesmerizing storytelling, Michelle Obama invites readers into her world, chronicling the experiences that have shaped her— from her childhood on the South Side of Chicago to her years as an executive balancing the demands of motherhood and work, to her time spent at the world’s most famous address. With unerring honesty and lively wit, she describes her triumphs and her disappointments, both public and private, telling her full story as she has lived it—in her own words and on her own terms. Warm, wise, and revelatory, Becoming is the deeply personal reckoning of a woman of soul and substance who has steadily defied expectations— and whose story inspires us to do the same. I’d Rather Be Reading: The Delights and Dilemmas of the Reading Life by Anne Bogel For so many people, reading isn’t just a hobby or a way to pass the time--it’s a lifestyle. Our books shape us, define us, enchant us, and even sometimes infuriate us. Our books are a part of who we are as people, and we can’t imagine life without them.I’d Rather Be Reading is the perfect literary companion for everyone who feels that way. In this collection of charming and relatable reflections on the reading life, beloved blogger and author Anne Bogel leads readers to remember the book that first hooked them, the place where they first fell in love with reading, and all of the moments afterward that helped make them the reader they are today. Known as a reading tastemaker through her popular podcast What Should I Read Next?, Bogel invites book lovers into a community of like-minded people to discover new ways to approach literature, learn fascinating new things about books and publishing, and reflect on the role reading plays in their lives.The 3 reviews are from Amazon.com All Things By Jeff Brown SECONDHAND SMOKE AND CHILDREN Children who are exposed to secondhand cigarette smoke have an increased risk for lung disease later in life, a new study has found. Researchers followed more than 70,000 adults who have never smoked. Over the 22 year study, the people who had lived in a household with a smoker when they were children were 31% more likely to die from chronic obstructive pulmonary disease. Secondhand smoke, both the fumes from the burning end of a cigarette,and those exhaled by smokers, has long been linked to asthma and other lung problems. But this is the first research to establish a correlation to COPD, says the Washington Post. Former Centers for Disease Control and Prevention official Michael Enksen said the message for parents was clear: “Don’t smoke at home, and don’t smoke around your kids. HEALTHY LIFESTYLES THE MISSING PAGE Real Life Tips from LIfe's Instruction Manual YOGIC WISDOM ON TRUTH Yoga, ideally, brings us closer to the truth. Both our own personal truth and the ultimate Truth of connection and universal divinity. It helps clear away that which covers our vision and that which pains our body and mind. Seeking out yoga was definitely a truth-finding mission for me. I searched out yoga class initially to quell symptoms of anxiety and unease. Upon deeper reflection, I see this was me seeking my higher Self. Through the experience of practice, I came to discover Truth and myself. Little by little, using my body and breath as a means, a revelation began to take place. Yoga brings us back to ourselves. Yoga assists us in experiencing the Self. There is a word in Sanskrit for truth - it’s Satya. Satya means truth in one’s thoughts, words and actions. This speaks to an alignment within each of us. A personal alignment of who we are (and our purpose for being here) and how we interact with the world around us. Living the truth benefits everyone. That’s why we need to continually seek it, practice it, and strive for deeper levels of self-understanding. And yes, it can begin on the mat with your yoga practice. From asana (poses) to breathing and into deep meditation, a level of awareness, understanding, and expansion takes place. Learn more about this amazing practice we call Yoga. Contact me today to learn more: keely@ keelytotten.com. Namaste, Keely Totten, Yoga & Meditation Teacher, Truth Seeker Lori A. Harris LOVING YOUR BROKEN PLACES In this life, we occasionally suffer bumps and bruises. Living can be difficult. The person we become, as we maneuver through life and manage our difficulties is the beauty of the journey. Sometimes it's tempting to ignore our scars and battle wounds, but they are what that shape us. Sometimes we develop negative habits from trying to pretend that we are not hurt. What would it take for you to love your broken places? When my husband and I separated one of the things I was most sad about was the loss of familiarity. He and I have been friends for a long time, and we still love each other deeply. We know how to navigate each others' rough edges and soft spots. He knows the story behind every physical scar and I his. We are tender with each other, we care. Since my divorce, I am learning to love my tender spaces, rather than ignore or deny them. I am learning to love all of me. It is difficult. There is a Japanese ceramic technique called Kintsugi, that means golden repair. A Kintsugi artisan uses a gold dusted epoxy to repair broken pottery. It is an extension of Zen philosophy, that calls upon the viewer to see beauty in flaws and imperfections. I invite you to look into your mirror this week with kind eyes. See each freckle, wrinkle, and age spots as the golden connective veins telling the story of your life. Love every grey hair, caress your fat rolls, take the time to love and appreciate your body. Then take your body for a walk. Just 30 minutes of daily walking will improve your mood, cardiovascular health and reduce the risk for diabetes. Celebrate life; you are here. Lori Harris is a lawyer and coach. She offers her services in group and individual packages, you can learn more at www.LoriAHarris.com STARTING A NEW BUSINESS ? FILE YOUR DBA HERE Doing Business As, Fictitious Business Name Filing Obtain Street Address - Business Stationary - Flyers Rubber Stamps - Business Cards - Mailing Service 80 W. Sierra Madre Blvd., Sierra Madre 626-836-6675 Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285 Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com | ||||||||||||||||||||