A will documents who gets what (and when) after you die. Without a will, state law doles out your belongings. In many cases, your assets may end up in the hands of complete strangers. That’s exactly what happened to these three mega-celebrities: James Dean. Dean died intestate (without a will) in 1955 at the age […]
Read MoreDid you know that the legendary singer and actor, Elvis Presley, earned over a billion dollars throughout his somewhat short career? That’s billion – with a B. However, when the “King of Rock & Roll” died in 1977, his estate’s net worth was only $10 million. Of that, over 70% went to pay taxes and […]
Read MoreThe Big Bang Theory actress Kaley Cuoco is one of the highest-paid actresses on television. She earns one million dollars per episode and has a net worth of $44 million. Before she married tennis star Ryan Sweeting in 2013, Cuoco asked him to sign a prenuptial agreement (“prenup”). After less than two years of marriage, […]
Read MoreI’m going to detail several ways you can keep your family out of court after you die, but one of them is far and away the most important: act while you are alive! It sounds obvious. After all, it’s difficult to put an estate plan in place after you die. That being said, estate planning […]
Read MoreIf there is one group of parents who often do much harm to their estate planning it is homeowners. A simple Google search reveals one bad idea after the other and parents who are trying to protect their family often fall victim to the misinformation. Most everyone wants to avoid probate. If you were to […]
Read MoreIn New York, the age of majority, when a parent is no longer considered the legal guardian of their child, is a surprisingly young 18 years old. It must be noted that 18 years old is not what it once was. It is common for children to remain living with, or financially dependent on, their […]
Read MoreMost everyone understands that estate planning is needed to protect minor children. Should something happen to you, you would not want a court to decide who should be the guardian of your child or when your child should inherit the money you left to them. This is common sense. But we live in an age […]
Read MoreIn this article, I would like to discuss the reasons to take care of estate planning this year. The benefits are not “I took care of my estate planning, so now I have this thick set of documents in my fireproof safe. This feels great.” The benefit is found in knowing that you have done […]
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The revocable living trust is the foundation of our estate planning practice at Katzner Law Group. As happy as we are to see the widespread shift away from wills to revocable living trusts, we also appreciate that there are some circumstances where they may not be required. Let’s discuss the advantages of a revocable living […]
Read MorePayable on Death bank accounts has become increasingly popular as a means to avoid probate over the last few years. This rise corresponds in no small part to their popularity on various internet forums. Anything that’s “easy” and can avoid probate must be good, right? Let’s examine these accounts in more detail. Payable on Death […]
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