What Types of Probate Fraud are Common?

After a loved one becomes ill or passes away it has become increasingly common for him or her to draw the attention of those who specialize in probate fraud. Multiple studies have shown that probate fraud is on the rise, causing the most vulnerable among us to lose millions in various schemes. Princess Abagail Kawananakoa, a descendant of Hawaii’s last reigning Queen, found herself in the middle of a series of bitter Read More

Why Talking to Potential Executors and Guardians Before Naming Them is Vital

Naming someone close to you and your family as the executor of your estate or guardian of your children is viewed as an honor that shows how much you trust that person. However, there are times when the person you trust is not comfortable with serving in the capacity that you require.  Celebrity accountant and business manager Barry Siegel’s much-discussed decision declining to serve as a co-executor of Michael Read More

Estate Planning Economies That Lead to Disaster

The art of economizing has reached an all-time high as cash strapped adults explore extreme couponing, deeply discounted travel deals, and other ways to reduce their monthly budget without depriving themselves or their family.  Unfortunately, some adults do not realize that cutting corners at the wrong time can lead to expensive problems. When Star Wars actress Carrie Fisher passed away, her clear-cut will named her Read More

What Will Happen if I do Not Choose a Guardian for My Children?

Actor Charlie Sheen has been involved in various custody battles with two of his former spouses. At one point in the multiple disputes, the custody of two of Sheen’s children from his third marriage to Brooke Mueller was granted to his second wife Denise Richards. Though the situation was unusual, it shows how complicated custody battles can become when multiple adults are involved. If you or someone close to you Read More

How can a Special Needs Trust Help My Child?

Billionaire Oracle CEO Larry Ellison has never been shy about investing in the business ventures of his own two children. David Ellison and Megan Ellison used their trusts to launch Skydance Productions and Annapurna Pictures, becoming big names in the entertainment industry while amassing their own fortunes. While not every parent is able to match one of the world’s richest men when it comes to funding a trust, all Read More

Never Underestimate the Importance of a Detailed Letter of Instruction

Creating an estate plan helps you protect your heirs by securing the assets that you want to leave them. Unfortunately, leaving a will that is vague or not worded correctly can create problems that lead to disputes among your beneficiaries. After the death of Robin Williams, his widow found herself involved in a battle over the estate with the late actor’s children. According to his estate plan, certain family Read More

What Should I do First When a Loved One Dies?

No matter how thorough a loved one’s estate plan is after he or she passes away, you may feel overwhelmed and not know what to do. In some situations, your family may be forced to make stressful decisions before your family member has passed away. For example, after they found Bobbi Kristina, daughter of late singer Whitney Houston, unresponsive in her Georgia home, her family was forced to make the difficult Read More

Protecting Family Members From Financial Elder Abuse

Elder abuse throughout the United States has started to increase as millions of a adults in America begin to reach advanced ages. Certain forms of abuse such as neglect, physical assault, and sexual assault are easier to recognize, while financial elder abuse is much harder to spot.  Financial abuse can occur in a number of ways with a person being victimized by strangers who prey on the vulnerable or by members of Read More

Why the Government Loves It When You Do Not Get Help Creating a Will

A large percentage of adults fail to create a will, leaving many to believe that simply recording their final wishes is enough to protect their estates for their intended beneficiaries. What those who create a will or estate plan on their own do not realize is that seemingly minor omissions can lead to major problems. Before actor James Gandolfini passed away, he created a will that gave 80% of his estate to his Read More

How Creating an Ironclad Prenup can Protect Your Descendants

On September 28, 2017 Hugh Hefner passed away at the age of 91 in the legendary Playboy Mansion. The cultural icon who had saw a share of controversies over the years left an estate worth $45 million and a widow who turned 31 a few short months before the death of her famous husband. Once the death was reported, speculations regarding the distribution of the estate began immediately as many wondered how Hefner’s four Read More