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When you make your will an important part of the will and an important decision you will have to make is who you want to be your personal representative or executor. Personal representative and executor can be used interchangeably and the title will differ based on what state you are located in when probate is started. The personal representative or executor is responsible for making important decisions in probate about how assets are distributed from the estate and how all debts from the est
Posted by Evan Guthrie on 11.15.12 in Articles.
There may come a time when circumstances in your life have changed and you need to update your will. These circumstances can include a new marriage, a new child, a divorce, or having a new financial status such as winning the lottery and becoming a millionaire.
Posted by Evan Guthrie on 11.13.12 in Articles.
The FBI has recently been made aware of various malware attacking Android operating systems for mobile devices. Some of the latest known versions of this type of malware are Loozfon and FinFisher.
Posted by Bryon Gross on 11.9.12 in Articles.
Just because you love your children and get along with them does not mean you can assume that they will love each other or get along with each other in the same way. The reality is that when there is money on the table family history and love can easily be thrown away. The relationship between each child with each other child should be examined when making an estate plan.
Posted by Evan Guthrie on 11.8.12 in Articles.
Teri Shields, best known as being the manager for her daughter Brooke Shields during the beginning stages of her career, died in November of 2012. The elder Shields was one of the first well known "Momagers" or Mom Managers for the careers of their children and a predecessor for current day examples Kris Jenner and her daughters, Khloe, Kourtney, and Kim Kardashian and June Shannon the mom of Alana Thompson, also known as Honey Boo Boo. There are several estate planning lessons to be learned from Teri Shields.
Posted by Evan Guthrie on 11.7.12 in Articles.
If you have sizable assets it is an advantage to be married. If a couple is married they can pass an unlimited amount of money to each other after they die without having to pay a federal estate tax. Bill Gates, Donald Trump, or Warren Buffett could pass all of their billions to their wives if they died and would not have to pay a cent of federal estate taxes.
Posted by Evan Guthrie on 11.4.12 in Articles.
George Lucas, must known for creating the Star Wars and Indiana Jones franchises, sold his LucasFilm company to Disney for over four billion dollars on October 30th 2012. LucasFilm owns the future movie rights for these franchises and as part of the announcement of the deal there was news of Star Wars Episode Seven moving forward with production. Lucas' movie company was founded and solely owned by him since its creation. Many people in the entertainment industry were surprised by the timing and price of the sale, but from an estate planning it makes sense.
Posted by Evan Guthrie on 11.2.12 in Articles.
The greatest estate plan you can make is to spend all of your assets or everything that you own. This is simple and easy to do as you can just have fun until your last dollar and not worry about passing anything on. Some may be forced to do this while others may spend all of their assets by choice. The only problem with this plan is most people do not know when they are going to die and do not want to be broke or have no money. The spend everything plan also does not leave anything to any loved ones.
Posted by Evan Guthrie on 11.1.12 in Articles.
Natina Reed died on October 27 2012 and was best known as a member of the girl group, Blaque, and as an actress in the popular cheerleader movie Bring It On. Reed passed away after being involved in a tragic auto accident after being hit by a car as a pedestrian. She was thirty-two years old at the time of her death. There are many estate planning lessons that can be learned from Natina Reed.
Posted by Evan Guthrie on 10.29.12 in Articles.
Estate Planning: Lessons Learned From Emanuel Steward Emanuel Steward died on October 25, 2012 and was best known as the boxing trainer for world champion boxers Lennox Lewis, Wladimir Klitschko, and Thomas "Hitman" Hearns. Steward was in a highly visible position before fights and between rounds during many championship fights shouting strategy and encouragement to the fighter in his corner as the heavyweight fighters he trained had a combined record of 34 wins 2 losses. There are many estate planning lessons to be learned from Emanuel Steward.
Posted by Evan Guthrie on 10.28.12 in Articles.