by admin | Oct 21, 2024 | Blog
Why Does a Trust Need a Trustee? When you create a trust, one of the most important decisions is choosing a trustee. But why exactly does a trust need one, and what are their responsibilities? Let’s explore why a trustee is essential and how they ensure your assets...
by admin | Oct 14, 2024 | Blog
Ernie Banks’ Contested Estate Case Ernie Banks, known as “Mr. Cub,” was a legendary Chicago Cubs player from 1953 until his retirement in 1971. After his passing in 2015, his estate became the subject of a legal battle, highlighting the importance of...
by admin | Oct 8, 2024 | Uncategorized
Lessons from the Brooke Astor Estate Brooke Astor, a prominent New York socialite and philanthropist, contributed generously to the Bronx Zoo, the Metropolitan Museum of Art, and the New York Public Library. Over her lifetime, she donated an estimated $200 million and...
by admin | Oct 2, 2024 | Blog
Lou Reed’s Estate: Why Asset Protection and Living Trusts Matter Lou Reed, the iconic lead singer of The Velvet Underground, passed away on October 27, 2013, leaving behind an estate worth over $30 million. Reed’s influence on music spanned decades. However, his...
by admin | Sep 23, 2024 | Blog
Tom Clancy, the best-selling author behind The Hunt for Red October, left behind an $86 million fortune. Despite his skill with words, his estate became a battleground due to vague language in a codicil to his will. This conflict shows why precision in estate planning...
by admin | Sep 16, 2024 | Blog
The Joe Robbie Estate Planning Lesson is a crucial reminder of why estate planning is essential for protecting your assets and ensuring your family’s future. Even the most successful individuals can face significant challenges if their estate plan isn’t...
by admin | Sep 10, 2024 | Blog
Avoid the Risks of a Lost Will: Set Up a Living Trust! Few athletes captured the world’s imagination like Florence Griffith Joyner, known as Flo Jo. With her record-breaking speed, bold style, and vibrant personality, she became a track and field legend....
by admin | Sep 6, 2024 | Blog
The Most Expensive Divorces in History Divorces often make headlines due to the vast sums involved, especially among the ultra-wealthy. Consider Bill and Melinda Gates, whose 2021 split may have cost around $76 billion, or Jeff Bezos and Mac Kenzie Scott, whose 2019...
by admin | Aug 29, 2024 | Blog
Sonny Bono’s Estate: How a Living Trust Can Prevent Legal Battles Sonny Bono, the singer, songwriter, restaurateur, and former Congressman, left behind more than just a legacy in music and politics. When he tragically died in a ski accident in 1998 at 62, he left his...
by admin | Aug 22, 2024 | Blog
Understanding the Responsibilities of a Successor Trustee Being named as a successor trustee is a significant responsibility. Whether you’re stepping into this role, a beneficiary, or simply curious about how a trust works after the grantor’s death,...
