Aretha Franklin’s Estate Dilemma

In her long and illustrious career, Aretha Franklin hit many milestones:  first female artist inducted into the Rock and Roll Hall of Fame, winner of 18 Grammys and a host of chart-topping albums and singles. When she passed away on August 16, 2018, she was added to the long list of celebrities who failed to leave an estate plan. With an estate estimated to be worth tens of millions of dollars, it’s difficult to Read More

Why Do I Need Asset Protection?

Maybe you read an article about asset protection and want to learn more. Or maybe your attorney suggested you think about asset protection strategies. You are both curious and a little resistant. It may be hard to understand why you need asset protection. Understanding Asset Protection The first thing to remember is that assets need to be protected before any claims have been made. In fact, transfers made after a Read More

Best Places to Establish a Domestic Asset Protection Trust

You may wish to protect your property from divorces, civil judgments, and creditors. One possible way to accomplish this is to use a Domestic Asset Protection Trust. However, only a handful of states allow this type of trust, and their laws vary. It’s important to research the best places to establish a Domestic Asset Protection Trust before setting one up. Domestic Asset Protection Trust Trusts are sometimes used Read More

Coordinate Estate Plans and Wealth Management Strategies

Some things work together separately but are enhanced when merged. Take music and lyrics. You might enjoy listening to just the music of a piece. You could also read the lyrics like a poem. Separately, they work. But together?  Beautiful music! Estate planning and wealth management are similar. They serve separate purposes. However, if coordinated, estate planning and wealth management may bring about a better Read More