Austin Lawyer Writes about What to do with the Mistress Or Paramour In Your Will

Brad Wiewel, whose Austin-based law firm specializes in estate planning and probate, recently tackled a controversial topic in his blog — “Is There A Mistress Or Paramour In Your Will?”

“Ok, even if that’s not your situation, this type of trust may be helpful and convenient for you. Totten Trusts are used quite frequently because they are an easy way to transfer money at death without going through probate. Also known as a “Payable-on-Death” (POD) bank account, it is designed so that you name a beneficiary to inherit the funds in the account after your death.WiewelB_

“Forbes recently published an article, ”Six Trusts For The Person Who Has Everything Else,” that highlights the Totten Trust as an easy step to take that can save your beneficiaries time and money by avoiding probate court. To create a Totten trust/POD account or to convert an existing savings or checking account into one, simply complete and return the bank paperwork and name the POD beneficiary. There, that’s it.

“Done.

“The article says the Totten Trust’s name doesn’t come from the fact that they are established for tiny tots (though many are), but following a New York court case from 1904 (Matter of Totten) where this trust arrangement was first approved.

“While the depositor is still living, he or she has compete control of the account and can spend all of the funds and change beneficiaries however he or she may choose. The beneficiaries have no rights until the depositor dies. Forbes explains that a Totten trust can be “a useful way to keep otherwise ungrateful heirs in line, for fear of becoming former heirs.”

“So secret paramour or not, visit with your estate planning attorney and discuss how this trust and the others mentioned by Forbes might be helpful in your situation.”

 

Dell Legal Director Leaves for Biotech Company

Austin-based XBiotech has announced that Robert Lindsey has joined the company as Senior Vice President Corporate Development & General Counsel.

Lindsey joins XBiotech from Dell where he served as Legal Director. In that capacity, he acted as the sole securities counsel for Dell and was the primary attorney responsible for the treasury, accounting, investor relations, corporate communications and internal audit groups, according to XBiotech. Most recently, Lindsey played a key role in Dell’s going private transaction, which was the largest technology leveraged buy-out to date. As a registered patent attorney, at Dell he also helped evaluate intellectual property in respect to M&A transactions.

Lindsey holds a B.A. in Chemistry from Harvard University and a J.D. from the University of Virginia. Previously, he was a member of the corporate and securities group of Gibson, Dunn and Crutcher, LLP, a global 1,100 member law firm, where he was involved in the issuance of billions of dollars of securities and advised dozens of Fortune 500 clients on corporate and SEC related matters. As a Chartered Financial Analyst, Lindsey also has significant non-legal finance experience.

Lindsey stated, “I am incredibly excited to be joining XBiotech given all of the remarkable developments occurring at the Company.  From the wonderful promise of its lead product, which is currently in Phase III studies, to the amazing potential of the other True Human™ antibodies being continually identified and developed, to the astonishing breakthroughs in cost efficiencies for its proprietary manufacturing technology, XBiotech is poised to make not just one, but several extraordinary impacts on the biopharmaceutical industry.”

John Simard, the Company’s Chairman & CEO commented, “I am very happy to welcome Robert to the team. His broad experience and technical expertise—as well as his energy and creativity—aligns well with our innovative operations and business strategy. We expect he will take a leading role in helping shape the great things to come.”

Legal Notice

DISTRICT COURT
CLARK COUNTY, NEVADA

CASE NO.: A-13-683073-C DEPT. NO.: MI

DENISE BUSHNELL, individually, Plaintiff, vs. STEVE BRAZELL, an individual; DOES I through X; and ROE CORPORATIONS I through X inclusive, Defendant.

SUMMONS — CIVIL

STEVE BRAZELL
NOTICE! YOU HAVE BEEN SUED. THE COURT MAY DECIDE AGAINST YOU

WITHOUT YOUR BEING HEARD UNLESS YOU RESPOND WITH IN 20 DAYS. READ THE INFORMATION BELOW. TO THE DEFENDANT(S): A civil Complaint has been filed by the Plaintiff against you for the relief set forth in the Complaint.

1. If you intend to defend this lawsuit, within 20 days after this Summons is served on you, exclusive of the day of service, you must do the following:

(a) File with the Clerk of this Court, whose address is shown below, a formal written response to the Complaint in accordance with the rules of the Court.

(b) Serve a copy of your response upon the attorney whose name and address is shown below.

2. Unless you respond, your default will be entered upon application of the Plaintiff and this Court may enter a judgment against you for the relief demanded in the Complaint, which could result in the taking of money or property or other relief requested in the Complaint.
3. If you intend to seek the advice of an attorney in this matter, you should do so promptly so that your response may be filed on time.
4. The State of Nevada, its political subdivisions, agencies, officers, employees, board members, commission members and legislators, each have 45 days after service of this Summons within which to file an Answer or other responsive pleading to the Complaint. CLERK OF COURT, By Tamatha Reddick, Deputy Clerk, Date JUN 12 2013, Clark County Courthouse, 200 Lewis Avenue:, Las Vegas.. Nevada, 89155. Submitted By: GAMAGE & GAMAGE Amy M. Gamage, Esq. Nevada Bar No. 009304 5580 S. Ft. Apache, Suite 110 Las Vegas, Nevada 89148 (702) 386-9529, (702) 382-9529 – Facsimile, Attorneys for Plaintiff