Celebrity Estate Planning: Lessons Learned (and One Not To Copy)
The lives of the rich and famous are often shrouded in mystery, but their legal woes can offer surprising insights for us mere mortals. When it comes to estate planning, even celebrities can stumble - though their mistakes come with much larger price tags. Let's take a peek at three celebrity estate planning stories, two cautionary tales and one shining example, to glean valuable lessons for our own legacies.
Digital Assets and Estate Planning: Adapting to the Evolving Landscape
In the world of estate planning, ensuring that all your assets are comprehensively included in your revocable living trust is paramount. Traditional trust documents typically cover tangible assets like bank accounts, retirement funds, and real estate. However, there's a growing need to consider the inclusion of digital assets, particularly cryptocurrencies, which are often overlooked in standard estate planning.
Where The Heck Do I Store My Documents? An Estate Planning Lawyer’s Guide
You've crossed the finish line of estate planning – congratulations! That carefully crafted will, trust, and power of attorney are poised to carry out your wishes. But hold on, the journey's not quite over. Now comes the crucial question: where the heck do you store these vital documents?
Holiday Gifting With a Twist: Financial Gifts That Last Beyond The Season
The holiday season is a time for joy and giving. While kids love unwrapping those colorfully packaged gifts, why not consider a present that extends its value way past the holidays?
Celebrating Legacy: Why Estate Planning Matters This Holiday Season 🌟
The holiday season is all about togetherness, reminiscing about the past, and looking forward to the future. While it's not the cheeriest topic during festive dinners, it's worth pondering what legacy you aim to leave behind. 🍂 What dreams do you harbor for the next generation? Maybe there's a special something you want to entrust to a close friend or colleague?
Decoding Trusts: Navigating Their Varieties and Advantages
Ever mulled over a will? Then you've probably heard of trusts. They're like the dynamic duo of estate planning – Batman and Robin, if you will. But trusts are a diverse lot, and not every type ties back to a will. Some trusts even come into play while the beneficiary is still kicking.
Season of Giving: Integrating Philanthropy in Your Estate Strategy
Holidays and generosity go hand in hand, right? This festive season, think beyond gifting to just family. Imagine the impact of integrating charitable contributions into your estate planning!
How To Know When To Update Your Estate Plan
Hey there, ghouls and goblins. By now, pumpkins are likely lighting up your front porch, and candy has probably become a major food group! While you are busy perfecting your vampire makeup and planning the perfect costume, I thought I would take this opportunity to answer the scariest question I received this month.
Buy Sell Agreements: Practical Considerations For Business Owners
Alright, fellow business owners, let's talk about something that doesn't get as much attention as it should but is absolutely vital for your business's future: buy-sell agreements.
Celebrating National Estate Planning Awareness Month 2023
October holds special significance in our world - National Estate Planning Awareness Month. That's right, October isn't just about Halloween and candy corn. It's about securing a legacy, protecting assets, and ensuring a smooth transition for your loved ones.
Beyond Digital: The Importance of Physically Signing Your Estate Documents
In the digital age, with countless tasks being carried out online, from business deals to personal shopping, it might come as a surprise to many that some traditional protocols still hold significant importance. One of these longstanding customs is the in-person signing of your will or trust. Here’s why it matters.
A Homeowner’s Perspective: Why I Chose a Living Trust For My Estate
Owning a home is often seen as a milestone achievement. It's a place filled with memories, security, and, often, a significant portion of one's net worth. So, when it comes to safeguarding this valuable asset for future generations, where should you turn?