The Pros and Cons of Probate. What about a Will?

In estate planning world, the term “probate” is often associated with a negative concept. True in a sense, for the majority — very much so with larger estates — financial advisors would advise in having a plan to keep the estate out of probate. That being said, this system was ultimately established to protect the property of the deceased and his/her heirs, and in a few cases, it may even work to an advantage. Let’s Read More

The IRS Took Half of Tony Soprano’s Estate: Don’t Fall into the Same Trap! MMZ LAW can help you.

Actor and producer, James Gandolfini was famously known as the likeable mafia man Tony Soprano on the long running cable television series, The Sopranos. On the show, family meant everything. Well, sort of, anyway. In real life, Gandolfini’s family really did mean everything and he had the best intentions when it came to providing for them. However, he made a classic mistake by failing to take advantage of tax Read More

Dennis Hopper Saves Heirs with Last Minute Estate Planning Changes. Your LIFE. Your LEGACY.

Dennis Hopper, known for his role in Easy Rider, wanted to leave his fortune to his family.  Well, not everyone in his family. Hopper made numerous estate planning changes in the last months of his life. His goal? To make sure his heirs shared his approximately $40 million in wealth and that his fifth, and current wife, Victoria, did not. The 5th Marriage Isn’t Always the Charm… At least that was the case between Read More

Michael Jackson’s Estate Pulled into Seemingly Endless Probate Court Battles. Probate Attorney in Claremont, CA.

Michael Jackson, the “King of Pop,” had always been a controversial superstar. Over the years, he became the father of three children, Prince Michael Jackson II, Paris-Michael Katherine Jackson, and Michael Joseph Jackson, Jr. While Jackson created a trust to care for his children and other family and friends, he never actually funded it. The result? Embarrassing and seemingly endless probate court battles between Read More

How to Choose the Right Agent for Your Incapacity Plan. Conservatorship.

A common misconception is that estate planning equates to death planning.  But planning for what happens after you die is only one piece of the estate planning puzzle.  It is just as important to make a plan for what happens if you become mentally incapacitated. What Happens Without an Incapacity Plan?  Without a comprehensive incapacity plan, a judge can appoint an agent (known as a guardian or a conservator) to Read More

Dispelling the Top 3 Estate Planning Myths. Living Trust and Probate Lawyer.

Like any other complex subject, estate planning has its share of myths and misconceptions.  Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed.  Estate Planning Myth #1 – You Don’t Need an Estate Plan Because Your Spouse Will Inherit Everything A common belief is that if you’re married and you don’t have a will Read More

Estate Planning Under A Trump Administration

Planning After the Election: What to Expect Under A Trump Admnistration Donald Trump is the 45th President of the United States. How you update and manage your estate plan and financial plan under the Republican controlled Congress and Presidency can make a significant difference in your tax burdens and the way your wealth continues to accumulate. We’re here to help guide you during this time of transition and Read More

When Doves Cry. Lost Inheritance.

Prince’s Sad and Incredibly Expensive Mistake! (Are You Making It, Too?) The news of the unexpected death of music legend Prince, age 57, shocked the world and touched off stirring tributes from the likes of Bruce Springsteen, Elton John, the Harlem Gospel Choir and the cast of Saturday Night Live. Prince left a profound, indelible mark as an artist – when asked what it was like to be the greatest guitar player Read More

Wills vs Trust Chart.

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Planning for Blended Families: Second or Later Marriages and Divorce of Beneficiaries

Planning for Blended Families: Second or Later Marriages and Divorce of Beneficiaries A brief look at statistics reveals that family structure has dramatically changed over time and that there’s an astonishing variety of family structures out there. Everything ranging from the “traditional” nuclear family to blended families of step-siblings and half-siblings headed by parents in a second or later marriage. Most of Read More