Posts Tagged ‘children’
Michael Jackson's Estate Illustrates Importance of Creating the Right Type of Trust
We have previously discussed how important it is to set up a Family Trust to protect your assets and legacy for your heirs. However, choosing the type of trust to create is equally as important, as the heirs to pop superstar Michael Jackson’s estate are finding out. As with other deceased celebrities, such as Jimi…
Read MoreOverview of Virtual Estate Planning System (VEPS)
Our online Virtual Estate Planning System (VEPS) is your portal to securely create, store, update, and share an estate plan that will help protect your legacy and your family for generations to come. The first step of the legacy planning process is to create the traditional set of estate plan documents that will cover the…
Read MoreOverview of Virtual Estate Planning System (VEPS)
Our online Virtual Estate Planning System (VEPS) is your portal to securely create, store, update, and share an estate plan that will help protect your legacy and your family for generations to come. The first step of the legacy planning process is to create the traditional set of estate plan documents that will cover the…
Read MorePhilip Seymour Hoffman's Unexpected Death Raises Numerous Estate Issues
When Oscar-winning actor Philip Seymour Hoffman died unexpectedly on February 2, he left more than his legacy of notable performances. He also left an estate estimated to have a net worth of $35 Million. Unfortunately, like many celebrities before him who passed away “before their time,” he left the fate of that estate in less-than-optimal…
Read MoreLegacy Planning: The New Wealth Paradigm
Will Your Legacy Planning Strategy Secure Your Wealth and Protect Your Family’s Future? How secure do you feel about your family legacy planning? Will your family legacy be like the Rothschild’s, still going strong after 300 years, or the Vanderbilt’s, who squandered an unimaginable fortune in three generations? Watch this fascinating video to learn why…
Read MoreLegacy Planning: The New Wealth Paradigm
Will Your Legacy Planning Strategy Secure Your Wealth and Protect Your Family’s Future? How secure do you feel about your family legacy planning? Will your family legacy be like the Rothschild’s, still going strong after 300 years, or the Vanderbilt’s, who squandered an unimaginable fortune in three generations? Watch this fascinating video to learn why…
Read MoreBusiness Succession Planning is Essential Part of Family Estate Plan
Whether you are a royal family or an entrepreneur, every family with any assets to leave to the next generation puts family members in business. Occasionally, the estate’s assets are easily and quickly disseminated over a short period of time with understanding and harmony. Billion-Dollar Babies, Carpenter’s Sons and GenXers All Need a Strong Family…
Read MoreWhat Are Estate Tax Exemptions?
Two separate estate tax exemptions exist that could apply when leaving assets to family, a lifetime tax exemption and a generation-skipping exemption. Lifetime Tax Exemptions The exemption most typically applied is called the Lifetime Tax Exemption, where each individual has a certain amount of federal tax exemption that they can leave to their heirs, usually a…
Read MoreWhat Are Estate Tax Exemptions?
Two separate estate tax exemptions exist that could apply when leaving assets to family, a lifetime tax exemption and a generation-skipping exemption. Lifetime Tax Exemptions The exemption most typically applied is called the Lifetime Tax Exemption, where each individual has a certain amount of federal tax exemption that they can leave to their heirs, usually a…
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