Many families are hesitant to discuss financial affairs together. Parents do not necessarily want their children to know how much or exactly what they have. Some do not want their loved ones to know exactly how they plan to dispose of their assets when they die. However, what we strongly recommend for each and every […]
Since the purpose of a Will is to document your wishes for who should be the executor and who should receive your solely-owned assets after you die, it should be a fairly straightforward matter to change that document if you later change your mind, right? Yes, and no. Like many types of legal documents, in […]
When people think about estate planning, and specifically about who they would like to receive their assets when they are gone, they tend to concentrate on the things that have a high monetary value, like bank accounts, investments, or real estate. But dividing up cash or other liquid assets is the easy part. What is […]
This week we will look at an example of a celebrity who appears to have made a number of wise decisions in her lifetime estate planning. In contrast to the complicated, acrimonious and all too publicly scrutinized process of settling the Estate of James Brown that we looked at last week, the estate planning of […]
As a two part series, we will look at how the estate settlement process for two different celebrities can illustrate starkly contrasting results achieved from their respective estate plans. First we will look at the settlement of the Estate of James Brown, the late entertainer whose post-mortem family affairs have proven to be just as […]