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Things Prince Can Teach You about Estate Planning
June 27th, 2016
You have probably heard that Prince died without a will. There are important things about estate planning that you can learn from that. Despite a net worth of millions of dollars the musician Prince never had a will drafted or any other form of estat…
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Celebrities without Estate Plans
June 8th, 2016
Prince is not the first famous person to pass away unexpectedly without an estate plan. With Prince's estate in the news the public is getting a close look at what happens when a celebrity passes away without having created a will. Prince, howev…
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Categories: Blended Families, Current Affairs, Estate Planning, Family Business, Film, Music, Probate, Sports, Succession, Taxes, Television, Trust Funding, Weblogs, Will
More Potential Prince Heirs Come Forward
June 7th, 2016
In the developing saga to settle Prince's estate two more people have come forward claiming to be his heirs. When news broke that the musician Prince did not have an estate plan experts were quick to predict that there would be multiple claims m…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Abuse, Elder Law, Estate Planning, Film, Music, Probate, Succession, Television, Trust Funding, Weblogs, Will
How Prince's Estate Will Fight Paternity Claims
May 23rd, 2016
Given the size of Prince's estate and the lack of a will it is expected that numerous paternity claims will be made against the estate. The estate has a plan to handle the claims. When Prince passed away he apparently did not have a…
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Prince Did Not Have a Will
May 11th, 2016
After the death of Prince speculation began immediately about his estate plans and who would inherit his fortune. What no one expected is that he did not even have a will as asserted in court filings by his sister. If celebrity deaths such as Whitney…
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Categories: Aging Issues, Blended Families, Current Affairs, Estate Planning, Family Business, Music, Probate, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Family Business Succession
May 9th, 2016
Most family owned businesses fail after the founder passes away. Good planning can prevent yours from being one of them. Sometimes family business operators are aware that after they pass away their businesses will not remain under family control or…
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Postnuptial Agreements for Estate Planning
March 29th, 2016
Americans are familiar with prenuptial agreements that detail how a couple's property will be divided in the event of a divorce or death. In most states spouses can reach similar agreements after they get married. The Wall Street Journal reports…
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Be Wary of Living Trust Scams
March 15th, 2016
Many seniors in the U.S. fall victim to living trust scammers who scare and intimidate their victims into purchasing worthless, unnecessary trusts. Seniors need to know what to look out for to avoid being victims. Going through probate can be burdens…
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Categories: Aging Issues, Current Affairs, Elder Abuse, Estate Planning, Probate, Succession, Trust Funding, Weblogs, Will
Tags: Elder Abuse, Elder Law, Estate Tax, Living Trusts, probate, scams, taxes, trust, trust funding
The IRS Knows More about Art than You Think
February 26th, 2016
If an effort to reduce their estate tax burdens many wealthy families are tempted to undervalue their prized collections, such as art. The IRS, however, makes its own valuations. As with other taxes, most people seek ways to pay as little in estate t…
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Categories: Aging Issues, Current Affairs, Estate Planning, Probate, Succession, Trust Funding, Weblogs, Will
Appointing an Out of State Executor
February 22nd, 2016
If the best candidate to appoint as the executor of your estate lives in a different state than you, it is possible to designate him or her. However, there are some drawbacks to doing so that need to be considered. The executor of your estate should…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Power of Attorney, Probate, Succession, Trust Funding, Weblogs, Will
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