Does the Corporate Transparency Act Apply to Trusts? 

Q. My wife and I recently acquired a rental property and are considering forming an LLC this year and exploring any other options, such as trusts. I heard that the Corporate Transparency Act went into effect on the first of the … [Read more...]

Critter Corner: How to Successfully Approach the Topic of Estate Planning with Loved Ones 

Dear Raider,  I’ve decided to get my estate planning documents in order, but I want to talk to my family first. Estate planning isn’t an easy topic to broach. Do you have any suggestions for how I can bring it up and what we … [Read more...]

Celebrity Estate Planning: Lessons Learned from Lisa Marie Presley and tWitch 

Celebrities may be wealthy, but despite their money and popularity, they make mistakes too. One area where we’ve seen lots of costly mistakes is in estate planning, where certain actions (or lack of taking any action at all) can … [Read more...]

Naomi Judd Left Daughters Out of Her Will — Validity of Document Is Now Being Questioned

Naomi Judd, who struggled with severe depression for years, died by suicide at age 76 on April 30, 2022. She is survived by her husband of 32 years, musician Larry Strickland, and her two daughters, duo partner/country singer … [Read more...]

The Nightmare of Probate: Prince’s Estate Took Six Years to Settle

In 2016, the legendary musician and actor Prince died of a fentanyl overdose. He left behind an incredible legacy, significant assets, many relatives, and, unfortunately, no will and no trust. It took six years and tens of … [Read more...]

Critter Corner: Benefits of Naming a Trust as an IRA Beneficiary

Dear Hayek, I am reconsidering who I should make the beneficiary for my IRA. I heard that there are some advantages to naming a trust instead of an individual. Is this true, and if so, why? Thanks for your help! Benny … [Read more...]

Apple’s New Right of Survivorship Update Eases Access to Your iCloud Digital Assets

Q. I’ve read a few of your articles on planning for digital assets and have found them to be very helpful. As a grandmother, I take tons of photos and have found that I am using the cloud more often to store them, important … [Read more...]

A Not So Happy Mistake Leaves Bob Ross’s Son with Nothing

  Star Trek fans will surely remember Lieutenant Uhura, the communications specialist aboard the Starship Enterprise. Her role was played by Nichelle Nichols, who is currently embroiled in a highly-publicized … [Read more...]

What You Can and Can’t Do With a Power of Attorney

Q. My brother, Larry, who never married or had any children, asked me to be an agent under his Medical and Financial Powers of Attorney. Before I accept, I’ve been reading about what my role would entail. I am also considering … [Read more...]

How Well Did Eddie Van Halen, Kobe Bryant, and Alex Trebek Plan for Their Loved Ones?

As everyone knows, 2020 has been a challenging year for many reasons. Luckily, there are only nine more days left of the year, and we’re hoping that 2021 brings much better things. Besides the coronavirus pandemic, one of the … [Read more...]

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