When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan must also spell out your wishes for making financial and medical decisions if you’re unable to make those decisions…
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If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may wish to revise your plan immediately to prevent your spouse from inheriting or gaining control over your assets if you die or become incapacitated before…
Protecting assets from your creditors is often a critical aspect of estate planning, but you need to think about more than just your own creditors: You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard…
I get quite a few questions from my clients about trusts. There are many kinds of trusts that can be used for many different purposes, including: setting aside and protecting assets for minor children protecting assets for someone in need of long-term care due to…
In 1958 J. Paul Getty was the richest man in the world. He even had his own listing verifying it in the Guinness Book of World Records. He was from wealth, his father was a successful wildcat oilman, J. Paul took over the old man’s…
What to do About Larry? So, I’m working on the Frank and Marilyn Buckman estate plan. You remember them from the last post. And you’ve probably figured out the reason they look familiar is they are the Buckman’s from Parenthood.( the Ron Howard film, not…
If you’ve been watching FX’s The People v. OJ Simpson – it’s mesmerizing despite having lived through it – you couldn’t help but be struck by the scene where a distressed Juice is getting ready to turn himself in. He’s high on a pill cocktail,…
Joe Meador was a lieutenant with the 87th Armored Field Artillery Battalion. They landed at Normandy on D-Day, fought through France, Belgium, deep into Germany. In April, 1945 – the waning days of the war – they arrived in the formerly idyllic town of Quedlenburg,…
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