Peterson Law Office, LLC
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May 2011 Archives

Who Gets To Use The Family Lake Cabin?

Using The Family Cabin

Mom and Dad have passed away, leaving the behind the family cabin. Now that summer has finally arrived, the cabin on Round Lake is ready for fishing, waterskiing and canoeing. You and your children have been eagerly awaiting the opportunity to spend some quality time together "Up North".

No Estate Taxes For POD Beneficiary

Teenager Is To Receive $4 Million

Before James died without a will, with an estate valued at about $12 million, he had designated his teenage goddaughter Jessica as the beneficiary on two Payable-On-Death accounts (also called POD accounts), which were worth almost $4 million at the time of his death.


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