Tag Archives: Avoiding Probate

Prince Leaves a Complex, Unplanned Estate

> Without an estate plan, Prince’s half-siblings will stand to inherit the same share as his full-sibling.   > Failure to plan for a potential estate tax liability may lead to a forced liquidation of estate assets, including his vault … more

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David Bowie’s $100 Million Estate

> While estate taxes cannot always be avoided, they can be minimized through proper planning. > Privacy and probate avoidance can benefit estates of all sizes, not just celebrity estates. > If specific funeral wishes are important, they should be … more

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Titans Owner Left Team in Limbo

> Proper planning is necessary to keep a closely-held business in the family. > Failing to plan for ownership and financial transitions can lead to a forced sale or family conflict. > Trust ownership can allow for a smooth transition … more

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The Missing Will

> If the original Will cannot be located, state law and the probate court will determine whether a copy can be accepted.   > It is important to locate your original Will or have a new Will prepared and executed. … more

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Year-End Estate Planning To-Do List

> Familiarity with the terms of your documents is an essential part of having an up-to-date estate plan.   > If you do not have an estate plan in place, the end of the year is an ideal time to … more

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The Death of Whitney’s Daughter

> Outdated estate planning documents can be as dangerous as not having an estate plan at all. > A proper estate plan should provide significant asset protection and oversight for your beneficiaries. > A change in your family or financial … more

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The Value of Proper Estate Planning

> Reducing the estate tax and administration burden on your family during a difficult time is an invaluable benefit of proper estate planning. > An incomplete estate plan can lead to extensive legal costs and permanently strained relationships. > The … more

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Yes, Single People Need Estate Planning Too

> Every legal adult should ensure that his or her wishes are clearly stated in proper estate planning documents. > Safety nets available to married individuals with children are not as certain for single individuals. > Failing to plan can … more

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Mr. Cub’s Family and Caregiver Battle Over Estate

Chicago Cubs legend, Ernie Banks (“Mr. Cub”), passed away on January 23, 2015, at age 83. His death certificate indicates that he suffered not only from cardiac arrest but also dementia. It appears that Banks’ friend and caregiver, Regina Rice, … more

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Flaws in Drafting Can Be Very Expensive—Herbert’s Story

This is the story of a man named Herbert who made one crucial mistake in his estate planning.1 Although Herbert is the main character of the story, it is his surviving family members who are left to clean up the … more

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