Are Stepchildren Treated The Same As Children If You Don’t Make a Will or Trust?
According to the most recent census 40% of families in the US are blended, with at least one partner having a child from a previous relationship. In many cases, stepparents treat their stepchildren as their own. Perhaps they have been a part of each other’s lives from a young age, or perhaps the stepchild was […]
Lisa Marie Presley’s Trust is Being Challenged: What Lessons Can We Learn?
The recent death of Lisa Marie Presley has already led to discord within the family. As is the case with so many famous families, that discord is centered around her Last Will and Testament and other estate planning documents. Last Friday Priscilla Presley filed a contestation claim against the estate regarding the authenticity and validity […]
Will Congress Pass New Retirement Legislation Before The End Of The Year?
With Thanksgiving behind us and the holiday season approaching, the nation waits with bated breath to see what legislation Congress is able to pass in this session. On the agenda in Washington is an important set of proposals, dubbed Secure Act 2.0, that could have a profound effect on the way that Americans save for retirement. We […]
What Happens When Probate Cannot Be Avoided?
Can I Avoid The Probate Court Process After The Passing Of A Loved One? Much of the work that we do at our firm focuses on helping people to put in place comprehensive estate plans that prevent loved ones from having to deal with probate after the death of a family member. By analyzing each […]
Are There Ways To Reduce Tax If I Sell My Highly Appreciated Real Estate
How to Reduce Taxation If I Sell My Real Estate Stock prices may be down, but real estate is proving more resilient. Many owners of real estate are considering selling for all manner of reasons. Some are looking at the economic headwinds and wondering if the market has peaked, at least for the foreseeable future. […]
Dispute Among LA Chargers Owners Deepens As Dea Spanos Files Court Petition
Why You Should Plan Carefully Your Trust Fund I spoke to CBS News last week about the latest developments in the Spanos trust litigation. The family that owns the LA Chargers has been embroiled in acrimony since the passing of Alex and Faye Spanos. Alex and Faye’s trust, which owns 36% of the Chargers, made […]
Will and Jada Smith Potentially Divorcing Without a Prenup: Lessons for Estate Planning
Will and Jada Smith Potentially Divorcing Without a Prenup: Lessons for Estate Planning Even before he had a chance to apply ice to his bruised knuckles, rumors that Will Smith and wife Jada may be divorcing began to swirl. In the media frenzy that followed Smith’s now infamous punch at the Oscars, speculation about the […]
Does An Irrevocable Trust Protect Assets From Sanctions?
Does An Irrevocable Trust Protect Assets From Sanctions? Alisher Ushmanov Yacht, $600M Dilbar, Seized… But Is He Worried? You would think that when the Alisher Usmanov yacht, Dilbar, was impounded in Germany last week this would have irked him somewhat. The London based Russian Oligarch, whose net worth has been estimated to be more than […]
Spanos Family Trust Dispute: Be Careful Who You Choose As Successor Trustee
Chargers owner Dean Spanos, also the team’s chairman, is being sued by family members who have accused him of inappropriately diverting funds away from the Spanos family trust, of which many family members are beneficiaries. Dean’s parents, Alex and Faye Spanos, purchased the Chargers in 1984 and subsequently transferred 36% ownership of the team into […]
Surfing The Wealth Transfer Wave
The start of 2022 marks another step toward the largest intergenerational transfer of wealth the United States has ever seen. For years economists and wealth experts have forecasted a global shift of trillions of dollars in accumulated wealth and assets, with nearly $35 trillion expected to change hands in the United States alone. According to […]
