by Leslie Marenco | Apr 24, 2015 | Articles, Wills
Current research shows that only about half of Americans have a will, and probably less than that have changed their wills when certain life circumstances dictate that a change is in order. There are several common occurrences that can trigger a change to your will:...
by Leslie Marenco | Apr 24, 2015 | Articles, Estate Planning, Probate, Trusts
A common estate planning mistake many people make – including celebrities like Michael Jackson – is not ensuring the trust you have created holds all your assets. Unfortunately, most lawyers simply do not make sure this is properly handled for their clients, so if...
by Leslie Marenco | Apr 23, 2015 | Articles, Celebrity Estates, Estate Planning, IRAs / 401(k), Trusts
Sometimes families (even ultra-wealthy ones) end up dumping their businesses to cover the estate tax bill. Case in point: Joseph Robbie, despite his business acumen, made poor decisions when it came to planning his own estate. He was founder of the Miami...
by Leslie Marenco | Apr 23, 2015 | Articles, Asset Protection, Business/ Corporate Law
My friend Marty, a very sassy CPA friend of mine once said to me that “LLC” stood for “Lawyer’s Likely Choice.” At first I laughed at his teasing remark but he was actually right. In terms of new formations, the Limited Liability Company...
by Leslie Marenco | Apr 17, 2015 | Articles, Asset Protection, Estate Planning
The poverty rate among seniors is rising, giving rise to the question of whether or not it is possible to inherit debt. In general, when a loved one passes, his or her debts fall to the estate to be paid. However, in situations where debt is shared — for...
