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Valuable Estate Lessons From The Passing Of George And Barbara Bush

Thursday, December 6, 2018   (0 Comments)
Posted by: PPGGNY
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The below article was published on on December 3, 2018 and was written by Megan Gorman.

George H.W. Bush led an extraordinary, well-lived life during an exciting time in American history. In any discussion of his life and accomplishments, his late wife Barbara quickly comes to mind as well.  Theirs is a well-documented and iconic love story.  From the battlefields of Second World War to the White House and beyond, the romance and connection between them was felt by all who saw them together.

That is why George’s death less than eight months after Barbara’s may not really feel like a surprise. The death of a longtime married couple in quick succession is often explained as “broken-heart syndrome” or “widowhood effect” - a romantic notion that two hearts are so entwined that they can’t bear to be without each other.  George Bush’s death wasn’t specifically due to heart issues, but by all accounts he was ready to go after his final summer in Kennebunkport.

While it is a romantic ending to the Bushes’ time here on earth, the time between their deaths raises practical issues of estate planning. Timing is key in an estate plan and if the deaths of married partners occur within a short period of time, it can make the administration of an estate more challenging.  This issue is not uncommon.... Click here to continue reading on the Forbes website...

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