Tag: Estate Planning
People who will be affected by your estate plan should be aware of it. Not telling your family members about your estate plans can be a big mistake as the Rocky Mountain Telegram points out in “Retirement and estate planning is a family affair.” Many people do not want to reveal the details of their […]
There are a number of steps to creating and maintaining an estate plan but the key to the process is taking that first step. Creating an estate plan is a process but there are some key steps that make it easier as explained in Kiplinger’s recently published article “5 Tips to Start Your Estate Planning […]
Death is inevitable and an estate plan can be helpful to those left behind. Realizing that death and dying is inevitable can be the beginning of recognizing that an estate plan is helpful, according to Forbes which recently offered some advice in “What Every Estate Planning Lawyer Wants You To Know About Death And Dying.” […]
Billionaire Bruce Wasserstein passed away in 2009 and his estate is still under dispute. The Daily Mail recently detailed the long, drawn out estate battle following the death of billionaire Bruce Wasserstein in “How Bruce Wasserstein ‘encouraged his mistress to get pregnant through IVF, dumped her on bedrest and was in bed with another woman […]
An estate sale can sometimes be the answer to dealing with “stuff” but it can be emotionally draining. WCPO Cincinnati recently published an article on dealing with the emotional difficulties of holding an estate sale in “4 tips for dealing with the emotional side of estate sale planning.” Dealing with all of the items that […]
Another step follows execution of an estate plan. Creating an estate plan is a key step in the process but keeping track of assets is crucial as discussed in the Daily Local News article “Colliton: Retitling assets can change the estate plan.” After getting your estate plan, you need to take a close look at […]
Life insurance policies may be seized by federal government in symbolic gesture. Syed Rizwan Farook, who carried out the San Bernardino, Ca. terrorist attack, had taken out two life insurance policies. Because U.S. law prevents profiting from terrorist attacks, the federal government has filed a lawsuit to seize the life insurance benefits from the policies […]
The long, drawn-out court battle over the competency of Sumner Redstone is no longer unusual in the estate planning world. The continuing battle over the competency of Sumner Redstone began with a former girlfriend filing suit and now an executive of one of his companies has joined in. These challenges are becoming more common in […]
A lifetime discretionary trust may be a good option to consider rather than handing over a lump sum. A lifetime discretionary trust may be an option to consider if leaving an inheritance without restrictions is not a good idea because in these trusts, the trustee does not have to distribute assets in any specific way […]
Estate planning documents can now be stored digitally. Several storage company services are now placing estate planning documents in the cloud but knowledge of the documents and how to obtain them can be a problem as ABC 15 reports in “Phoenix man launches website to store estate planning documents.” Document Trunk takes it a further […]
