Celebrity Estate Planning Mistakes
Celebrities are People Too More than half of the American population does not have any type of estate planning documents in place. This can lead to probate nightmares! Celebrities are not exempt from this list. Despite their immense wealth, may celebrities have failed to put in place an estate plan, leaving an expensive mess for their heirs to clean up. Here is a list of some of the favorite celebrity estate planning mistakes we [...]
IRA Beneficiary Trust
IRA Distributions Typically, when the owner of an IRA passes, the assets are given directly to the person, or people, named as beneficiaries of the account. These beneficiaries will receive the money outright. This can cause problems for some beneficiaries for a variety of reasons. Whether it is that they have creditors who will try and stake a claim on the money, they are going through a divorce proceeding and do not want [...]
Creating an LLC
Benefits of Having an LLC Creating an LLC is one of the first steps to having a successful business. Why is creating an LLC so important? Having your business organized as an LLC will protect your personal assets from any creditors or lawsuits that come against your business. Without an LLC, your personal assets could be on the line to pay those bills. Furthermore, an LLC gives you protection, but still gives you the [...]
Avoid Probate without a Trust in 4 Simple Steps:
 How to Avoid Probate without a Trust Avoiding probate without a trust is not always the best solution but it is possible. Most of my clients come to my office with the primary objective of avoiding probate. If your goal is to transfer your assets free of probate, a Living Trust may be a good solution for you. However, if you are attempting to avoid probate without a trust, this article will explain how. [...]
Three Keys for a Complete Estate Plan
There are three keys that everyone needs for a complete estate plan. These three things are not just for the wealthy, they are for everyone. If you want to have a complete estate plan, make sure that you have at least the following three things in place. 1. Up-to-Date Trust It is a common misconception that a Will is all that you need for a complete estate plan. They may be cheaper and [...]
Estate Planning for Children from Previous Marriages
Estate Planning for Children from Previous Marriages can be tricky! Estate Planning for Children from Previous Marriages can be complicated. When you add children from previous marriages, planning can become tricky. Typically, when you pass away all of your money will go to your spouse, and then when your spouse passes the remaining money will pass to your children. If you have children from another marriage you may want to provide an [...]