Californians may be familiar with the late author and noted liberal thinker Gore Vidal, who passed away last year and left his entire multi-million dollar estate to Harvard University, completely eschewing his family members and relatives by leaving them nothing. But now, Vidal's half-sister is challenging the validity of his will, claiming he was not of sound mind when he made the controversial will.
People in California and all over the United States mourned the death of rock-and-roll visionary Lou Reed, who died last month after a hard-fought bout with liver disease. Reed, who was best known as the front man for the legendary art-rock outfit The Velvet Underground, as well as his solo career, died peacefully and with his affairs settled.
Many families in California who have dealt firsthand with the death of a loved one may understand all too well the trouble that can arise when a family squabbles over inheritance. The situation can be a perfect storm of emotions. Relatives are dealing with funeral arrangements, worrying about the deceased's last will and testament, and of course, coping with the loss of a loved one and it can be simply too much for people to handle all at once. These are just some of the reasons why family arguments about inheritance can be so painful. People have been known to suffer serious health problems as a result of this stress, including heart attacks, nervous breakdowns and even strokes.
Older people in California are in an undeniably awkward predicament when it comes to their retirement. People who have worked their entire lives in order to settle down and enjoy their retirement on their own terms may have seen a lot of their accumulated wealth simply vanish as rising taxes, higher costs of living and devastating declines in many popular investments have forced seniors to think about their twilight years and come to some tough conclusions.