HOW STRONG IS A HANDWRITTEN WILL? When Aretha Franklin, passed away in 2018, her family and lawyer initially thought she had died without a will.But in early 2020, three handwritten wills were found in Franklin’s home in Detroit. Two from 2010 were locked in a cabinet and one from 2014 was found hidden under a […]
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Most people want to avoid probate court and look for legal strategies that will allow them to pass their money and property from one generation to the next without going to probate court. But, is there ever a time when probate court is the best option? What exactly is probate court? Probate court is a […]
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As of July 1, 2021, college athletes can profit from their name, image, and likeness (NIL). The National Collegiate Athletic Association (NCAA) policy allows college athletes and recruits to make money from endorsements, autograph signing, and personal appearances as long as they follow applicable state laws. The NCAA has long been criticized for its ability […]
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Jack and Leticia are establishing a trust. They would like to help their son, Jack Jr., through college but want to retain control of their financial help. Jack Jr. is not known for his financial aptitude. He regularly blows through his allowance and is caught short-handed when it is time to pay his bills. Jack […]
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Quincey and Jaide are meeting with their estate planning attorney. They are drafting their trust agreement. They are excited to take this important step towards ensuring financial security for their family. Writing the trust agreement is a formal statement that provides guidance on how they want their accounts and property distributed. Speaking of accounts and […]
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Emotional barriers keep many people from estate planning, even if they know what they want to do. It isn’t easy to acknowledge that we will not be on this earth forever. As much as you may want to believe, there is plenty of time to get your estate in order. No one has any certainty […]
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Are you a person who reads every word of an instruction booklet or, more relevant to estate planning, a trust document? If so, you may see a reference to Joseph P. Kennedy and his descendants and wonder why he is listed in your trust. Since many people have experienced identity theft or know someone who […]
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By the end of 2021, the overall market value of cryptocurrencies hit $3.3 trillion. Though cryptocurrencies have only been around for a decade or so, many investors are enjoying an exponential increase in value. As a result, investors have become more comfortable with tokens such as Bitcoins and networks like Ethereum and Solana. They enjoy […]
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Terrence and Liz are empty-nesters in their family home. They have one living daughter, Janis. The couple is meeting with their estate planning attorney to learn more about life estates. They would like to pass ownership of the family home to Janis and, if possible, would like to avoid probate. A home is one of […]
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Physical illnesses are a common trigger for people to think about estate planning, but mental illness should also be. About one in five American adults experience mental illness each year. The pandemic has uncovered many of the flaws in our healthcare system. Hopefully, a better understanding of mental health will remove stigmas that prevent people […]
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