While everyone, including myself, has caught Royal Baby Fever-itis just in time for the second Royal Baby, estate planner all over the United States are buzzing about the latest news regarding the reveal of Princess Diana’s will. 18 years after the young Princess’s untimely death, for the first time, her will has been revealed. Of…
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When a loved one passes a person may find out that they were named as the deceased individual’s Personal Representative. What does that mean? It mean the person was nominated by the deceased to administer his or her estate after passing. A Personal Representative (called an Executor in other states) has the following duties: Duties…
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I am 25, single, no kids, just finished law school—meaning I have little to zero assets of my own, and recently began working for Neal Law Firm. With all of this in mind, it would seem pointless to have an estate plan, right? Wrong. The absolute best scenario—and one that I pray for—is that I…
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Unlike some other celebrities, Robin Williams created a detailed estate plan so that his children and second wife, Susan Schneider Williams would avoid any bitter family disputes that tend to plague blended families. Sadly, the widow and adult children of Robin Williams will be battling in a San Francisco court over his estate. Susan Schneider…
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Dean Smith–University of North Carolina Basketball Coach for 34 Years—-Leaves $200 To Every Player He Coached The Trustee of the Dean E. Smith Revocable Trust sent out a letter to each per Dean Smith’s instructions left in his will. In the letter, the trustee spelled out Coach Dean Smith’s wishes per the will and the…
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Should I put my investment property into an LLC? Yes! An investment property is real estate that is not your primary residence and is purchased or used in order to generate income by appreciation, leasing, taking advantage of tax benefits or other uses. As corporate vehicles go, the LLC (limited liability company) protects its owner-members’…
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