Posted on: February 13, 2025
Trusts are widely used in estate planning to protect and transfer a person’s assets (money, accounts, property, etc.), sometimes in a tax-advantaged manner. Some trusts are highly complex, with multiple parties, intricate structures, specialized legal terms, and references to arcane tax law that can be difficult for the average person to understand. It's important to […]
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Posted on: February 10, 2025
If you are reading this, you need an estate plan. Why? The short answer is that everyone age 18 and older needs an estate plan. It does not matter whether you are old or young, have built up considerable wealth, or are just entering adulthood—you need a written plan to control what happens to the […]
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Posted on: February 6, 2025
Warren Buffett, known as the Oracle of Omaha, is one of the most successful investors ever. Lessons from Warren Buffett's estate plan reveal his disciplined approach to investing, understanding of markets, and financial foresight that have made him a global icon and model of success in the often-turbulent business world. Buffett’s investing can move markets […]
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Posted on: February 4, 2025
A home is often one of the most important assets that people own. Therefore, most people want to stay in their homes until they die and then have a loved one receive it. One common way to pass a home to loved ones is through a will. However, transferring property with a will requires probate, […]
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Posted on: January 30, 2025
Fitness icon Richard Simmons, known for his flamboyant personality, high energy, and trademark attire, passed away in July 2024 following a fall at his Los Angeles home. This unexpected event has brought attention to the estate of Richard Simmons. Because of a legal dispute between his longtime housekeeper, Teresa Reveles Muro, and his brother, Leonard […]
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Posted on: January 27, 2025
The foundation of every successful enterprise lies in its organizational structure. While the Limited Liability Company (LLC) has become the default choice for many entrepreneurs, wisdom demands a more nuanced approach. Your business structure shapes your tax obligations, risk exposure, capital-raising potential, and legacy planning. Strategic business structure selection is crucial. Choose with foresight, for […]
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Posted on: January 23, 2025
If you recently married or have been married for a while and have acquired additional money or property (or plan to), you have options regarding how your assets can be owned. For newlyweds, joint ownership seems easy and convenient, it may not always work as well as you think it should, depending on the circumstances. […]
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Posted on: January 20, 2025
Americans often prefer to stay busy. When not working, many turn to hobbies to keep them engaged and productive. We spend hours each day on our hobbies and leisure activities. Throughout a lifetime, this time adds up to a significant investment. This post explores estate planning options for collectors and hobbyists. Our hobbies, passion projects, […]
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Posted on: January 16, 2025
Now is the perfect time to start working on an estate plan. As newlyweds, you are likely deciding which of your accounts and property (your assets) to combine and how to turn two households into one. You may also be setting up new bank accounts and creating a plan for paying shared bills and other […]
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