That the Social Security trust fund will eventually run out of its surplus is not the only potential threat to the program according to officials. There is another threat that is much more immediate. Everyone should be aware by now that the Social Security trust fund will eventually run out of money. However, that is [...]
In response to numerous complaints the Social Security Administration is temporarily rolling back a new security measure on its website. Entering a username and a password on a website is no longer considered an adequate measure to protect people from identity theft. The login information is stored in databases that can and sometimes are hacked [...]
A common myth is that you can protect your assets from creditors and legal judgments by putting everything into a revocable living trust. It is more complicated than that. Wealthy people are justifiably concerned with shielding their assets from creditors and liability lawsuits. When you have worked hard to obtain wealth, you do not want [...]
If you want to take care of your family after you pass away, then it is important to get a good estate plan. If you are like most people, then you put a lot of time and energy into building up your assets and taking care of your family. Short of winning the lottery, it [...]
Everyone knows that a trust needs a trustee to manage a trust, but not everyone knows that it is also possible to create another position with a trust that has oversight authority over the trustee. One of the keys to creating an effective trust is to make sure that the designated trustee is knowledgeable, honest [...]
The news that Prince passed away without an estate plan and the difficulties caused to his estate have prompted other musicians to consider getting an estate plan. Many artists have been horrified about all of the news surrounding Prince’s estate. They have read about all the claims by his would-be heirs and how large the [...]
Estate planning is one of the few things that you can do to legitimately plan ahead for the unexpected. In most walks of life it is almost impossible to plan for the unexpected. Even when you can, it is often a waste of time. No offense to Doomsday preppers, for example, but it is almost [...]
There are many attorneys who can prepare an estate plan for you, but if you want the best possible plan for your family, then you need to know how to choose the best attorney for you. As is the case with any other profession, not all attorneys are the same. Attorneys all have different qualifications [...]
Despite a state law that says otherwise, and that is named after their father, Glen Campbell’s children say that they are still being denied access to their father. In May, the governor of Tennessee signed a bill providing that family and friends cannot be prohibited from visiting someone by a guardian or someone who has [...]
It is impossible to create an estate plan that cannot be challenged. But it is possible to make sure that any challenges to your estate plan will have a difficult time succeeding. One of the biggest reasons people decide to get estate plans is to make sure their property goes where they want after they [...]