Tag: Asset Protection
Being an executor of an estate is not an easy task, especially when it is for the first time. When you are named as an executor and the person has died, knowing what to do and how to prioritize the tasks can be challenging. In the best case scenario, the person has had a chance […]
Every decision you make, whether personal, financial, or legal, should be designed to maximize your control over your decisions – and your assets. Don’t give up control; you will never be glad you did. One part of estate planning is determining who will control your assets when you are gone. But what about when you […]
Over the years, we’ve seen estate plans fail to do what they were intended to do. For your estate plan to remain a valuable asset for you and your heirs, you would be wise to avoid these eight common mistakes. Decide to get my estate in order, check. Get my estate plan prepared, check. Am […]
A 2012 study of 3,200 wealthy families by U.S. Trust showed that 70 percent failed to successfully transfer the family’s assets to the succeeding generation. The study found three reasons for this failure: lack of communication among family members; absence of a generally acknowledged purpose for family possessions; and lack of preparation on the part […]
Gresham advocates laying the groundwork for the estate-planning talk with a few separately held, lead-up discussions on family values and history. After all, she said, “You want to build a sense of bonding and family before you introduce material that could be emotionally loaded.” When is the right time to discuss your estate plans with […]
You already may have resolved to create and monitor your business plan and develop a succession plan for your business. The first part of the resolution is fairly easy to achieve. After all, everyone with a business needs a business plan. But few of us really consider what would happen to our business – and our […]
Are you childfree? Are you planning with an elder parent? Do any of your potential beneficiaries have special needs that must be taken into consideration? Are any of your beneficiaries minors? The first step of planning is to take a moment to consider what makes your situation unique. Although estate planning has many aspects, it’s good to start with the […]
Many people tend to overlook books as potential assets. And even if you bring a rare book to a general antiques dealer or estate appraiser, they often are not qualified to give specialized book appraisals. This can be a mistake: The simple fact is, books can be worth money. So, you inherited a book. Now […]
A former lawyer for civil rights leader Rosa Parks is being sued by a New York auction house, the New York Post reported Tuesday. Guernsey’s alleges that Detroit attorney Gregory Reed mishandled the estate, worth an estimated $10 million. As a result, it charges, it missed an opportunity to collect higher fees. One of the most significant […]
Representing the only complex thing about it, “Blurred Lines” has long been the subject of a confusing legal tangle between its principal songwriters, Robin Thicke and Pharrell Williams, and the estate of Marvin Gaye. After Gaye’s family threatened legal action, claiming that “Blurred Lines” borrowed heavily from the late singer’s “Got To Give It Up,” […]
