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Americans put their wills on the backburner in recent years, and it could cost their estates and heirs plenty. The data is clear. In 2004 only 42% of adults had even a basic will, versus 47% in 2000, according to legal publisher Martindale-Hubbell. Other studies have similar results. LegalZoom.com found that only 75% of adults […]
NFL superstar Johnny Unitas passed away in September, 2002, and his estate has been a mess since. Unitas’s families from two marriages are at odds. His son and namesake is fighting to get the company father and son ran back from the estate’s executors. The executors are Unitas’s longtime accountant and attorney. Unitas and John, […]
Your will and estate plan need to be reviewed. Be sure they are ready for coming changes. A key tool in many estate plans especially needs some re-working soon. Otherwise, you might be caught in a trap. The current lifetime estate and gift tax exemption is $1 million per person. It rises in 2004, and […]
A will is one of the simplest yet most powerful documents you can write. A will can decide what happens to valuable property, even billions of dollars worth. It can decide who becomes the guardian of minor children, who controls a business or other entity, and how much of your wealth goes to the government. […]