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- Biggest Estate Planning Stories
Mistakes can easily be made during estate planning. Here are some important estate planning stories that may help you avoid conflicts in the future. Preparing for future decedents can also make it easier on the will-writer if the will is not updated Next Steps in Estate Planning Whether you are a celebrity or not, estate planning can be beneficial and If you or a family member is ready to start planning for the future, give Your Legacy Legal Care a call
- SPECIAL NEEDS PLANNING 101 | SPECIAL NEEDS LAWYERS IN HOUSTON
in the day-to-day concerns that parents and caregivers have little time to even think about estate planning However, special needs planning is a vital part of caring for those who need help caring for themselves There is a lot of information to understand when it comes to special needs planning in Texas, but today Putting off planning is a bit of a dangerous proposition should the unexpected happen. your loved one’s care continues without affecting his or her eligibility for government aid in the future
- How Will the Greatest’s Estate Planning Match Up in Probate?
Nonetheless, Investment News says in “How will Muhammad Ali’s estate play out?” Similar to other deceased celebrities, the estate is required to place a present value on the anticipated future The IRS and estate of the deceased might have widely varying estimates of the future income stream from The way in which Ali referenced his nine children in his will could also come into play. Reference : Investment News (June 9, 2016) “How will Muhammad Ali’s estate play out?”
- Phoenix Inventors Create Digital Storage for Estate Planning Documents
Investopedia’s recent article asks “Should You Store Estate-Planning Documents Digitally? It’s a digital estate planning document storage platform. Digital copies of your estate planning documents may not be legal in the county and state where your is a topic you should discuss with your estate planning attorney. Reference: Investopedia (June 9, 2016) “Should You Store Estate-Planning Documents Digitally?
- SEVEN FINANCIAL MISTAKES HOUSTON ESTATE PLANNING LAWYERS SEE
Estate planning lawyers are in the business of helping their clients create the best financial strategy you want takes some effort, which is why so many people make the choice to work with a Houston estate planning If you need some guidance and direction, talk to a reputable Houston estate planning attorney to turn Communicating with family – Once you have put together a plan with your Houston estate planning lawyer A Houston estate planning attorney can help you develop a strategy for getting back on track.
- Houston Will Lawyers: Estate Planning Documents Everyone Needs Now
themselves in a tailspin because a loved one passed away or became incapacitated without a proper estate plan Depending on your situation, a Living Trust may add another layer of protection and control to your planning Houston Estate Planning Attorney If you do not have these documents in place, call our Houston Will and
- Family Matters: Planning Mistakes Small Business Owners Should Avoid
Without smart planning, all that work can be lost through disability, retirement, or death. If you own your own business and want to set your family up for a bright future, avoid these common planning Failing to Have a Succession Plan When you retire, do you know who will take over your business? Many small business owners forget to put a succession plan in place. Taking a DIY Approach to Estate Planning There are tons of online resources for estate planning, all
- Your Parent is Hospitalized: Medicaid and Elder Care Planning to Do Now
What end-of-life and long-term care planning should they do? Plan for the Future If your parent recovers, a hospital stay can be a wakeup call. It is an excellent time to look at your parent’s estate planning and nudge them to get it done before Do they have an end-of-life plan, long-term care insurance, and an estate plan? Your Legacy Legal Care offers comprehensive estate planning services.
- Farewell, Sweet Prince: Another Celebrity Estate Planning Disaster
The sister of the late rock star Prince told the press that the 57-year-old Minnesotan has no known will. She recently has filed court documents requesting that a probate judge appoint an executor to oversee his fortune. Tyka Nelson filed the paperwork in Minneapolis petitioning the court to appoint a special administrator for Prince’s estate, which includes Paisley Park Studios where he was found dead on April 21st, according to The International Business Times in “Prince ‘made no will’ for his $300m estate before death.” Ms. Nelson is the only surviving full sibling of Prince. She reportedly requested that Bremer Trust, a corporate trust company, be named administrator of her brother’s estate. Ms. Nelson said that “immediate action” was required to deal with Prince’s business affairs because he didn’t leave a will before his death. “I do not know of the existence of a will and have no reason to believe that the Decedent executed testamentary documents in any form,” Nelson stipulated in her petition for the appointment of a special administrator. Along with herself, Ms. Nelson listed five of Prince’s half-siblings—John Nelson, Norrine Nelson, Sharon Nelson, Alfred Jackson, and Omar Baker—as heirs in the petition. Prince is estimated to have sold more than 100 million albums during his 40-year career and is thought to have left approximately $27 million in property. Reference: International Business Times (April 26, 2016) “Prince ‘made no will’ for his $300m estate before death” #AssetProtection #Guardianship #TrustsandEstates #Probate #ProbateCourt #Inheritance #Wills #Trusts #estateplanning
- Changes are Happening All the Time: Keep Your Estate Plan Current
putting it off for as long as humanly possible, you’ve finally completed and implemented your estate plan But are you really finished with the planning? That once perfect estate plan may not be a “10” any more. or deferred compensation plans? You moved: If you moved to another state, it may impact your planning.
- How Often Do You Need to Update Your Estate Planning?
reviewed) your estate plan. If you want to protect your assets and plan for contingencies, keeping your estate plan updated is essential What Needs to be Updated in Your Estate Plan Your estate plan is made up of many parts and documents. This may also include a business succession plan . We can’t wait to help you update your estate plan.
- Estate Planning for 80-Somethings
Estate planning needs to change over your lifetime (believe it or not, it is not a “one and done” thing By the time you reach your eighties (or older), the majority of your estate planning may already be taken However, if you want to ensure all of your bases are covered, keep these estate planning tips as you Make Plans for Charitable Giving It is true when they say “you can’t take it with you.” Help for Maintaining Your Estate Plans Life changes fast, and often unexpectedly.