Posts tagged with "inheritance"



Estate Planning · September 10, 2021
Estate Planning Must-Haves For Single Parents
If you are a single parent, life for you right now probably couldn't get any busier. You are likely being pulled between work, school activities, and home - and the inevitable emergencies that fill the lives of single parents everywhere. It's a huge responsibility, even if you do share time with a parenting partner, and especially so if you don't. Regardless, as a single parent, your children's lives are now largely in your hands, and the best way to protect them is through estate planning.
Estate Planning · August 20, 2021
Legendary Rapper DMX Dies With No Will, Millions In Debt, And 15 Children - Part 2
Although DMX was successful in music and movies, the rap icon experienced serious legal and financial problems. His story proves that regardless of your financial status, planning for your potential incapacity and eventual death is something you should take care of, especially if you have children. The saddest part of this whole situation is that all the conflict, expense, and trauma that DMX’s loved ones are likely to endure could have been prevented with comprehensive estate planning.
Estate Planning · August 13, 2021
Legendary Rapper DMX Dies With No Will, Millions In Debt, And 15 Children - Part 1
Legendary hip hop artist Earl Simmons, known as DMX, passed away at age 50 after suffering a heart attack. Despite selling more than 74 million albums and enjoying a wildly successful career in music and movies, DMX, who died without a will, left behind an estate that some estimates report being millions of dollars in debt. With so much wealth and so many children, his failure to create an estate plan will likely mean his loved ones will be stuck battling each other in court for years to come.
Estate Planning · July 30, 2021
Everything You Need To Know About Including Digital Assets In Your Estate Plan - Part 2
If you're like most people, you most likely own numerous digital assets, some of which may have significant monetary value and some which have purely sentimental value. You may also own digital assets which hold no value for anyone other than yourself or have a certain digital property that you'd prefer your family and friends not access or inherit when you pass away. To ensure all your digital assets are passed on according to your wish, you must adapt your estate planning strategies.
Estate Planning · July 23, 2021
Everything You Need To Know About Including Digital Assets In Your Estate Plan - Part 1
Recent advances in digital technology have made many aspects of our lives exponentially easier and more convenient. But at the same time, digital technology has also created some serious complications when it comes to estate planning. Without the proper estate planning, just locating and accessing your digital assets can be a major headache—or even impossible—for your loved ones following your incapacity or death.
Estate Planning · May 28, 2021
Just Married? 6 Estate Planning Essentials For Newlyweds - Part 1
As we head into the peak of wedding season, if you are a newlywed or are about to tie the knot, add "estate planning" to your do list. And yes, we imagine that at this happiest time of your life, planning for your potential incapacity and eventual death is probably the farthest thing from your mind right now, but getting it handled as part of your wedding planning is the greatest gift you can give your soon-to-be spouse.
Estate Planning · May 21, 2021
Almost Three Years After Her Death, Aretha Franklin’s Poor Estate Planning Continues To Haunt Her Family—Part 2
Planning for your potential incapacity and eventual death, regardless of your financial status, is something that you should take care of immediately, especially when you have children. While Aretha lived a relatively long life, you'll never know when tragedy may strike, and through diligent estate planning, you can save your family from the needless disputes, expense, and embarrassing public exposure the late singer's loved ones are currently enduring.
Estate Planning · March 19, 2021
Larry King's Death Highlights the Importance of Updating Your Estate Plan for Divorce and Death - Part 2
A Lifetime Asset Protection Trust is a unique estate planning vehicle specifically designed to protect your children's inheritance from unfortunate life events. The sudden death of a Legendary host, Larry King, became controversial because of not using Lifetime Asset Protection Trust to distribute his assets to his children upon his death. His story demonstrates that do-it-yourself planning can have terrible consequences for your loved ones - even worse than if you had no estate plan at all.
Estate Planning · March 12, 2021
Larry King's Death Highlights the Importance of Updating Your Estate Plan for Divorce and Death - Part 1
Setting up an estate plan is the best way to preserve wealth, but without a proper update of your estate can lead to misunderstanding and conflict that will make your assets tied up in the court instead of passing it to your family. This is what happened to the legendary tv and radio host, Larry King, who passed away this year, leaving his current family and children from his previous marriage in a legal battle over his estate because of not updating his estate plan.
Estate Planning · October 16, 2020
4 Reasons Why You Can't Afford to Go Without An Estate Plan
Most people don't spend much thinking about planning their estate. Some may rationalize that it's complicated or it takes too much time and effort. But having an estate plan is the best investment that can pay major dividends to your family, especially in the event of your death or incapacitation. It may not be easy as you think, but the benefit you gain from keeping it in place is peace of mind knowing your loved ones will be provided and cared for no matter what happens to you.

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