Experts Say Every Adult Should Have a Will, Regardless of Income
Patriot News:  “Decide now how to distribute your assets and protect your family after your death, or the state  . . . will decide for you.  ‘Dying without a will — everything gets thrown in one big pot, and goes in an undefined way to undefined recipients,’ said Elyse Rogers, a partner with Keefer Wood Allen & Rahal LLP in Harrisburg.   Even the most basic estate planning may require professional assistance, but help can be affordable and often prevents litigation that can tie up your estate or diminish your legacy. 

IRS Tells Governator Schwarzenegger It Will Be Back for $79,000 in Taxes
Los Angeles Times:  “The Internal Revenue Service has filed a federal tax lien against Gov. Arnold Schwarzenegger for nearly $80,000, public records show.”

Kid Who Dropped F Bombs on Principal is Charged with Crimes
A student suspected of smoking who dropped massive F bombs on the principal was charged with three criminal misdemeanors for the crime of interfering with staff, faculty or students of an educational institution.  The student allegedly called the principal a f*****, a fag, and a f****** fag.  The potty mouth youth’s public defender’s defense is that the law violates the student’s rights of free speech under the U.S. and Colorado constitutions.  The public defender filed a Motion to Dismiss the Constitutionality of F***, “F*****” and “F****** Fag” in which he gives a comp

LA Dodgers Owners’ Divorce Fight Sheds Light on Finanial Problems
Wall St. Journal:  “Dodgers team owner Frank McCourt, locked in a nasty divorce fight with his wife, Jamie, says he is behind on his mortgage payments and essentially living from paycheck to paycheck.  Mr. McCourt’s bleak financial assessment, filed in court papers, sheds light on a question first asked when the McCourts landed here in 2004 and bought the hometown baseball team: How much money do they really have?”

Arizona Legislature Repeals SB 1271 Again – Law Would Have Changed AZ’s Anti-Deficiency Law
Good news for Arizona borrowers and real estate investors who have liens on their property secured by Deed of Trust.  The Arizona legislature repealed SB 1271 for the second time.  Last year the Arizona Bankers Association tried to pull a fast one on borrowers whose loans were secured by Deeds of Trust on Arizona real property of 2.5 acres utilized as one or two dwelling units.  The ABA got the unsuspecting Arizona legislature to pass a law called SB 1271 that was signed by Governor Brewer.  SB 1271 retroactively changed Arizona law to make thousands of borrowers liable as of September 30, 2009,