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Showing posts from May, 2021

Just Married? 6 Estate Planning Essentials for Newlyweds—Part 1

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  Just Married? 6 Estate Planning Essentials for Newlyweds—Part 1 by Amy Clemmons Brown, Esq.   As we head into the peak of wedding season, if you are a newlywed or are about to tie the knot, add “estate planning” to your do list. And yes, we imagine that at this happiest time of your life, planning for your potential incapacity and eventual death is probably the farthest thing from your mind right now, but getting it handled as part of your wedding planning is the greatest gift you can give your soon-to-be spouse. First, be aware of the impact of doing nothing. If you were to become hospitalized for any reason prior to your marriage day, the person you love most in the world would not have the legal authority to make your medical decisions and may not even have the authority to see you in the hospital. Your beloved would have no access to your bank accounts and could even be put into a position of having to move out of your shared home abruptly in the event of your death....

Consider This Before You Create A Will Online

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  Consider This Before You Create A Will Online by Amy Clemmons Brown, Esq. A last will and testament is the most commonly thought-of document when it comes to an estate plan. But really it is only a very small part of an integrated plan that ensures your family stays out of court and out of conflict if and when something happens to you. Do not think you can just write your own will and that will help your family. You have probably seen ads from services that tout the idea that you can write your own will quickly – maybe even while you are in the security line at the airport (seriously, we have seen those ads in our own Facebook feeds). Instead, consider the reality that trying to do so could actually create far more trouble for your loved ones down the road if you try to write your own will. Your family and loved ones need you to get professional support from someone who can help you look at what you own, who you love, and what would happen to you and everyone you love if ...

Almost Three Years After Her Death, Aretha Franklin’s Poor Estate Planning Continues To Haunt Her Family-- Part One

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    Almost Three Years After Her Death, Aretha Franklin’s Poor Estate Planning Continues To Haunt Her Family-- Part One by Amy Clemmons Brown, Esq. Nearly three years have passed since Aretha Franklin, known as the “Queen of Soul,” died from pancreatic cancer at age 76. At the time, her total fortune was estimated to be worth up to $80 million. Yet due to poor estate planning, the late singer’s children have yet to see a dime of their inheritance, and what they ultimately do receive will be significantly depleted by back taxes. Moreover, it’s still not clear whether or not Aretha ever had a valid will. When she passed away in August 2018, her family thought that Aretha died without any estate plan at all. But since then, four different wills attributed to the late singer have been discovered. And ever since those documents came to light, her four adult sons— Clarence, Edward, Ted White Jr., and Kecalf— have been in court fighting one another over her assets, as well as who...