About a year ago a friend called me and asked if I wanted to join him on a skydiving trip. Two years ago I would have jumped at the opportunity, however this time there was something different. Before I answered him, I started to think about my life insurance policy and if I had made my wife the beneficiary. My life was different. No longer was I a bachelor, who could drop everything on a...Read More
ON November 30th 2013, fans of the Fast and Furious series around the world were shocked to hear that Paul Walker had passed away in a car accident. At the time of his death, Walker was 40 years old, survived by his parents and a 15-year-old daughter and had an estate valued at over $25 Million.
Unlike many actors who pass away in Hollywood, Walker was smart enough to realize the importance of...Read More
If you own a business and have business partners, you will likely need a unique approach to your Estate Planning. Depending on the type of business you own, the value of the shares of your business could be fairly considerable. If you or your partner were to pass away, the family of the deceased may want to sell the portion of the business for a number of reasons. It could be that they don’t...Read More
The other day I was speaking with some of my friends and realized that many of them were unaware if their parents had a living trust. Having a conversation with a parent regarding a living trust is definitely not the easiest conversation that you will have. Essentially you are asking your parents if they have planned for later years of their lives and even the end of their lives. Its a...Read More
All too often I get asked why an individual or family would need a living trust if they already had a Will. Regardless of what you’ve probably heard, a Will may not be the best plan for you and your family. A Will does not avoid probate when you die. In order for the Will to be enforced, it must first be validated by the states probate court. Do not assume that just because a Will is...Read More