If you are recently married or have been married and are acquiring additional assets, know that you have options when it comes to how the property will be titled. And, although joint tenancy seems like an easy and convenient choice, it may not work as well as you would think. What is Joint Tenancy? After getting
It’s clear why you might want to avoid court involvement in your estate for financial reasons, knowing that probate can quickly get costly and time consuming for those involved. But there is an emotional component to it as well. Your assets are just that: yours. And the idea of them being discussed and deliberated on in
Thomas Kinkade was a self-named “painter of light”, whose mass-produced works of art are estimated to grace one in every twenty American homes. Following his untimely death on April 6, 2012, however, his most famous pieces are turning out to be a couple of holographic wills he left to his girlfriend of 18 months, Amy Pinto-Walsh.
Previous blog posts discussed how the wills left behind by famous figures such as Whitney Houston and Thomas Kinkade will likely go through a lengthy and expensive probate court that could have been avoided if they had updated their estate planning documents after life changing events. A recent Forbes article lists 5 Life Event Changes That
A Forbes article posted on March 15, 2012 discusses how “Whitney Houston's Will Was Far From Perfect.” The article highlights two simple estate planning practices that could have benefitted Bobbi Kristina, Whitney’s only child and sole heir: 1. Consider a living trust instead of a will. A living trust can have the advantage of maintaining privacy
This article entitled "Top 5 Reasons To Beware Of Joint Ownership Between Generations" was in the September 13, 2011 online edition of Forbes magazine. It describes some good reasons to be wary of co-ownership between generations. When I am presenting educational seminars regarding estate planning to the public or continuing education presentations to attorneys, I am