After her father suffered a debilitating stroke at age 62, a 33-year-old estate planning attorney tried to gain access to his business computer but none of the passwords she used were successful. The father had not left a list of his passwords with anyone and he used his personal email account to help run his building supply company.
The family did not know what orders were coming in, who the business owed money to, who to bill or what orders had been filled….
The recent and tragic death of Whitney Houston has sparked many conversations about her life and accomplishments. One such conversation is whether or not she had a sufficient estate plan given the size of her estate. Often, people with sizable estates use trusts to control when and how their wealth is distributed.
It is assumed that Whitney Houston’s 18-year-old daughter, Bobbi-Kristina, is the main beneficiary of Houston’s estate, and it is also believed that Houston at least had a will….
When a 48-year-old multimillionaire from Palm Beach, Florida decided to adopt his 42-year-old girlfriend, the decision definitely turned heads. While the choice may be suspect from the perspective of adoption law, the move may sound more strategic from an estate planning perspective. The decision may have been made to protect a trust set aside for his children. Whether the move will prove to be successful is another.
The 48-year-old’s decision to adopt his 42-year-old girlfriend came after criminal charges and civil legal proceedings were filed against the man when he allegedly drove drunk through a stop sign, hit and killed a 23-year-old and fled the scene of the accident….
Many people in Florida and elsewhere consider their pets to be members of the family. Pet owners often want to know that their furry, loved ones will be taken care of after they are gone. Commonly, pet owners ask a trusted person to care of their pet, but sometimes the caretaker changes his or her mind when it comes to taking in the pet. Pet trusts can help prevent such a situation.
A pet trust is a legal document that names a guardian for a pet that outlives its owner….