If good Estate Planning is not done an inheritance is lost to Taxes, Probate Costs, Squander, Lost in Divorce, or Lost in Lawsuits. You may not be FORBES wealthy, but do you want to waste everything you’ve ever earned? If you do not do good Estate Planning to transfer your “Life’s Work™” (everything you’ve earned) to... [Read More]
Category: Probate
Zimmerman Lesson: Don’t go to Court!
The George Zimmerman Criminal Trial in Florida’s biggest lesson is don’t end up in the Courthouse! Anytime the Court determines the fate of your family or your assets there is a huge loss of control. Whether or not you believe George Zimmerman committed a crime or was simply defending himself, the real lesson is that... [Read More]
James Gandolfini’s Poor Estate Planning
Unfortunately, James Gandolfini, the movie actor famous for a number of roles, including in the series The Soprano’s, has left a multi-million dollar estate, estimated at a worth of approximately 70 million dollars and used only a simple Will. There was no Estate Tax Planning and with the Will all of his assets will be... [Read More]
“Git ‘Er Done”
Larry the Cable Guy For many of us, our tendency towards perfectionism precludes us from moving forward. Our strong desire to “get it just right” precludes us from moving forward on what needs to get done. “Paralysis by Analysis” is a good description as it often precludes the perfectionist in us from moving forward on... [Read More]
You have an Affirmative Duty to do Estate Planning
Most states, including North Carolina, have laws in place that establish what your Estate Plan will be. Those Laws may be the opposite of what you actually want. In North Carolina under those laws, in a family with a husband and wife with children, in most scenarios, two thirds (2/3) of the parent’s estate, when... [Read More]
Summer Travel and Healthcare Authority
Summer is when many Americans are traveling out-of-state. They are on vacation to new places or to visit with loved ones or family. As we cross state lines one concern is that our Healthcare Power of Attorney a/k/a Healthcare Proxy might not be accepted in another state. For example if you have a Healthcare Power... [Read More]