Tag Archives for " Wills "
Are You Going to Take Advantage of the Proposed “Clawback” Changes?
Because of the recent tax law changes, there is an interesting proposal on the table that will be voted on in March of 2019. It is expected to pass with little opposition. If it does pass, there will be some interesting “opportunities” for people between now and 2026. This is the window where you will […]
Continue readingCelebrity “Fail” Series…Fail #3…How Burt Reynolds and Aretha Franklin Failed at Estate Planning
This is the third in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities. It also demonstrates that effective estate planning isn’t about having the […]
Continue readingWhy So Many Pastors Don’t have an Estate Plan
Passport? Check. Airline ticket? Check. Hotel reservation? Check. After careful planning, you’re ready for vacation! However, have you taken more time preparing for a vacation than your estate plan
Continue readingCelebrity “Fail” Series…Fail #2…How Frank Sinatra Jr. Failed at Estate Planning
This is the second in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities.It also demonstrates that effective estate planning isn’t about having the […]
Continue readingDigital Accounts Needs to Be a Part of Every Estate Plan
Digital assets, including banking and investing accounts, e-mail accounts, photos, blogs, bitcoins and money accounts, such as PayPal, are usually password protected. Some of them have real value and others might have sentimental value to heirs
Continue readingCelebrity “Fail” Series… Fail #1…How Prince Failed at Estate Planning
In a world where people envy the lives of celebrities, there are some realities that might not make you quite so envious. One of these areas is Estate Planning. When we think they have it all together we often times discover this is not necessarily the case. When they pass away and their estate plans […]
Continue readingWhy You May Want to Form an LLC
I find that there are a lot more “unknowns” and “concerns” about an LLC (limited liability company) that perhaps any of the other business structures…at least I seem to get more questions about LLCs than the others. So it caused me to conclude that most people really don’t understand all the benefits surrounding an LLC […]
Continue readingJudge Rules that Glen Campbell’s Kids Can Contest his Will
Last week, a judge in Tennessee ruled that the three children can dispute the validity of the wills that excluded them from inheriting. They petitioned the court to certify that a contest to the will exists, on grounds of his alleged lack of capacity and undue influence.
Continue readingEstate Planning…Not Just for Parents or Grandparents…Important for Millennials and Younger Baby Boomers
When I ask people who they think Estate Planning is for, the unanimous answer is Parents, Grandparents, Baby Boomers, or Business Owners. Rarely do they answer Millennials or Young Baby Boomers…this is a common mistake. Yet with the lifestyles and activities of these groups today, it is critically important they have an Estate Plan in […]
Continue reading10 Reasons Why Estate Planning is Much More Than Reducing Your Taxes
One of the most common “myths” or “misunderstandings” about Estate Planning is that it is all about “reducing your taxes.” While this is certainly a significant benefit of proper planning, it isn’t the only thing…in fact, it’s only 1 of MANY benefits you will gain from proper estate planning.Taxes are important…but not the only thingWhen […]
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