During the creation of your estate plan, you will be required to make numerous decisions. Some of those decisions will seem relatively unimportant; however, others will have a direct impact on the success – or failure – of your overall estate plan. Among the more important decisions you will make are those that involve choosing […]
Estate Planning
The Lessons from Lisa Marie
Regular readers of this blog often see articles regarding the latest celebrity whose death created a mess because their Estate Plan failed to properly protect the celebrity’s family and loved ones. It seems that an individual with fame and money could easily avoid that result; however, that’s not always the case. The fallout caused by inadequate Estate Plans of celebrities provides great lessons for Estate Planning practitioners and their clients because the drama unfolds on a public stage. Tragically, Lisa Marie Presley died on January 12, 2023 and her death marks yet another celebrity Estate Plan gone wrong.
What It Means to Disclaim
Disclaimers are an effective Estate Planning tool for the Trust and Estate Practitioner. They allow the disclaimant to alter an Estate Plan if they follow the statutory requirements exactly. Disclaimers can be tricky but when used correctly, achieve great results for a client.
How Do I Protect My Pet in My Estate Plan?
If you have a beloved family pet, chances are good that you spend a considerable amount of time and money on your pet. You probably think of your pet as a member of the family and is considered when making major decisions that affect the entire family. Have you considered, however, what will happen to […]
When Should I Review My Estate Plan?
Creating a comprehensive estate plan is one of the best gifts you can give to yourself and to your loved ones; however, do not make the mistake of simply forgetting about it because an estate plan is something that needs to be reviewed and revised throughout the course of your lifetime for it to work […]
