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February 2018 Archives

James Brown's estate-planning failure

James Brown has been dead for 11 years, but not a dime of his estate has gone to any of his beneficiaries yet. The estate has multiple lawsuits tying it up in probate. The situation has gotten so bad, one attorney referred to it as a "mini-series," saying that you needed a map to maneuver through it.

How to do the best job possible as the executor of an estate

For many people, serving as the executor of an estate or as trustee of a trust can be a dubious honor. On the one hand, it's a clear sign that someone trusted you, respected your ability to follow directions and make decisions and believed that you would follow his or her last wishes.

Caregivers need to know their own needs and limits

When you were a child, your parents provided everything you needed. From taking you to get your hair cut to helping you figure out your hopes for the future, the guidance of your parents helped shaped you into the person you are today. Now, as an adult, you find that your aging parents are in need of support and help from you.

Estate planning and artwork

Prosperous individuals are fortunate enough to be able to be extravagant when it comes to collecting things they are passionate about, such as artwork or other collectibles. Wealth allows them to purchase the best of the best, affording them the opportunity to be very particular about their taste and desires. However, particular as they may be, it is usually much easier and more fun purchasing these grand items than it is to decide what to do with them after their demise.

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