Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, June 19, 2017

Your Child’s Tuition Is Paid While You’re in Tahiti

TahitiStuart Ross, a former insurance executive, sold his Puerto Rico-based company twelve years ago. Ross has since enjoyed the fruits of his success with multiple homes and extensive international travel. But, like anyone else, while Ross and his wife travel, the bills and other burdens of daily life pile up. To handle these day-to-day issues, Ross hired Total Personal Services. Total Personal Services, based in Garden City, N.Y., performs the mundane tasks of sorting through personal mail, paying bills, arranging international transfers, and setting up routine household services. Unlike a family office, this service only provides for helping with basic, daily tasks, not providing money management and family coordination services. Ross offers some advice for those wanting to take dream vacations but have difficulty escaping the tedium of daily life: “I would say there are really good options to deal with it and life is short—take the trip.”

See Liz Moyer, Your Child’s Tuition Is Paid While You’re in Tahiti, The New York Times, June 16, 2017.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2017/06/your-childs-tuition-is-paid-while-youre-in-tahiti.html

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