“Trusts can be very powerful tools to transfer and protect family wealth for future generations,” says Michael Gold, president and CEO of Gold Family Wealth, a leading wealth management boutique. “Sometimes families end up becoming unhappy with their trusts because they proved to be the wrong solution.” Continue Reading HERE Source Credit:  https://www.forbes.com/sites/russalanprince/2018/10/17/why-you-might-need-to-fix-your-family-trusts   Probate of Wills…

“Earlier this month, news outlets reported that Aretha Franklin, a Memphis native, died without a will. That fact seems important, but what good does a will actually serve? In basic estate planning, there are three core documents that enable people of both modest and massive means to protect and convey their health care and financial…

“A specialist accredited for wills and estates has called for advisers to be more proactive in identifying inadequate estate plans, which disadvantage women more often than men. Anna Hacker, national manager of estate planning at Australian Unity Trustees, says studies show women live longer than men and are more likely to be in a weak…

One of the earliest transactions involving Bitcoin was the indirect exchange of 10,000 units of the then-little-known cryptocurrency for two pizzas in 2010. Hopefully, the pizzas were very good, because those Bitcoins are now worth about US$100 million. While the story is now part of Bitcoin lore, it serves to illustrate just how extreme the…

BY AMOS GOODALL Procrastination is always a problem. Thinking about dying often makes us anxious. Still, there are six things to consider so that your estate is properly handled. ▪ Nonprobate property: Your will controls only property in your estate. Certain property transfers automatically: most jointly owned property (called joint tenants with right of survivorship or tenants…

By Joseph B. Colvin and Hannah M. Dill , Stoll Keenon Ogden PLLC The holidays are a time for joy and celebration. During the festivities, it is easy to lose sight of important aspects related to estate and business planning. However, taking time to organize your affairs can be one of nicest gifts you can give your family. There are…

As we approach the end of the year, we thought you would find it useful to have the following summary of recent developments and updates that may affect your trust and estate planning. 1. Proposed federal tax law changes As you may know, the House and Senate are working on revisions of the current federal…

When a loved one has special needs, you can’t just assume that everything will work itself out upon your passing or becoming disabled. Whether it is a special need caused by dependency issues or a need that someone was born with, the end result is the same. Just leaving your estate without proper guidance could…

Planning for disability is just as important as estate planning and can help minimize family conflict, protect family members, and ensure security and access to financial assets during incapacity. Mental or physical disability can occur at any time, often unexpectedly, and may last for years. Failure to plan accordingly can trigger protracted court proceedings to…

Most people understand the benefits of having an estate plan in place, such as: providing for distribution of assets upon death; minimizing taxes, fees and court costs; avoiding conflict within families; providing for loved ones with special needs; and providing for the management of person and property in the event of incapacity. You have likely…

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