Monthly Archives: October 2017

Oct 30, 2017 - Allentown Car Accident Lawyer

Small Cars Can Come With Big Risks

    When Purchasing a Car, Safety Should Be A Priority. As Personal Injury Attorneys, at Drake, Hileman & Davis, we often see the difference the size a vehicle makes in how seriously someone is injured in an accident.  Frequently, consumers look at price, style, fuel economy and color when making a car selection, when they really should be looking at vehicle safety. The Insurance Institute for Highway Safety (“IIHS“) found that some of the smallest cars have the highest death rates during car accidents.  Chuck Farmer, President of IIHS, has stated, “If you hit something bigger than you, you are more likely to die . . .   Physics matter. The bigger the vehicle, the safer you are in an accident.”  Specifically, an IIHS’ study found that the Hyundai Accent had the most accident deaths (104), between 2012 to 2015, out of the 208 models of cars that were analyzed. Other small cars, such as the Kia Rio, Scion tC, Chevrolet Spark, and Nissan Versa also ranked very high for deadly car accidents.[1] Hyundai defended its Accent, saying, “The Hyundai Accent meets or exceeds all Federal Motor Vehicle Safety Standards set by the U.S. government and performs well in various safety tests and is rated a 4-star overall by NHTSA (National Highway Traffic Safety Administration).” [2] Bigger is Actually Better  While meeting certain safety standards is a minimum, there is no question that larger cars perform much better than smaller vehicles,  in automobile accidents. Cars like the Jeep Cherokee, Mazda […]

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Oct 17, 2017 - Estate Planning

How to save your heirs unnecessary costs and delay by using a living trust

By: R. Leonard Davis, III, Esquire “Put not your trust in money, but put your money in trust.”  — Oliver Wendell Holmes Interest remains high in a very old, but until recently infrequently used, estate planning tool: The Living Trust.  In recent years, articles regarding the Living Trust have appeared in the Wall Street Journal and other financial publications. We will explain below what a Living Trust is and how it helps to avoid probate, enabling your family to save money, delay and red tape. What Is A Living Trust? How Does It Differ From A Will? A Revocable Living Trust is an extremely flexible estate planning tool.  In a sense, it is a Will substitute, in that it can do everything that a Will can do.  However, it can do much more than a Will.  A Will contains a person’s written instructions for transferring that person’s assets to his or her heirs at their death.  A Trust contains the same type of instructions.  A Will names an executor to distribute those assets.  A Trust names a trustee to do the same thing.  But the similarities end there. A trust is a separate legal entity which is created by an agreement among three parties: the Settlor, who creates the Trust and funds it; the Trustee, who manages and controls the Trust and distributes its assets; and the Beneficiary, who is entitled to benefit from the Trust.  A Living Trust’s flexibility stems from the fact that the same person or persons […]

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