Leona Helmsley left a $12 million trust for her dog in her will, highlighting the use of honorary trusts for non-human entities. While some states may not accept these trusts, New York does, making it difficult to contest a will with such a trust. The honorary trustee is responsible for ensuring the deceased’s wishes are […]
Honorary degrees are awarded to recognize significant contributions to an academic institution or community. They date back to the Middle Ages and can be doctorates or master’s degrees, but do not entitle the recipient to the title of “Doctor”. Universities have guidelines for awarding them and controversy can arise if they are given to major […]
