Blog

Carrie Fisher:  Postcards From The Edge

Carrie Fisher and her estate planning team created a proactive estate plan, which included an irrevocable living trust. The trust, however, was not funded. What went wrong and how was it rectified?

Read More
tax-free gift.jpg

There are a few different ways to provide financial assistance to your family members throughout your lifetime. You can give gifts, without giving money to the IRS, if you follow a few simple rules. You can take advantage of current tax laws and exclusions surrounding Annual Gifts, Medical Expenses, and Educational Expenses.

Read More
Burt Reynolds: The Last Movie Star

Burt Reynolds died on September 6, 2018, at the age of 82 after reportedly suffering from a heart attack. He left behind a son, Quinton, and an estate worth around $3 million. One sentence in Reynolds's will create quite a commotion in the press; “I intentionally omit him (Quinton Reynolds) from this, my Last Will and Testament, as I have ...

Read More
salesman annuity provider.jpg

A new Ohio law attempts to impose 'best interest' fiduciary standards onto life insurance and annuity providers. However, these standards are extremely vague and still leave from for abuse to consumers. Many annuity providers and so-called financial advisors plant their product as a solution to a variety of problems, when in reality another product is likely more useful. Below are ...

Read More
Roger Moore: For Your Eyes Only

Sir Roger Moore had amassed a fortune of £80 million by the time he died in 2017. His wife at the time, Kristina Throlstrup was said to have been given control of the majority of his estate. However, Ms. Throlstrup's son's claim that his mother is being charmed out of her own personal fortune has ensured that probate on Moore's ...

Read More
protect retirement accounts with a standalone trust.jpg

Your 401(k) or IRA provides asset protection during your lifetime, but as soon as you pass those accounts on to a loved one, that protection evaporates. The creditors of your spouse, child or other loved one, will have the power to seize it and use the funds to salsify their claims. Fortunately, there is a solution to this problem called ...

Read More
Elizabeth Taylor: The Girl Who Had Everything

Elizabeth Taylor structured her will as a revocable living trust, offering her and her beneficiaries privacy. This move prevented the details of her estate plan from becoming available to the public. However, this did not stop some of the details from seeping out.

Read More
Leadership.jpg

A good leader starts by leading themselves. I had the pleasure of talking with my good friend Mary Rauchenstein on my podcast this week about what qualities a good leader posses, and what the differences are between a leader, mentor, coach and manager. You can use these strategies to start managing your own financial life.

Read More
5365653340_06b35719c6_o.jpg

Paul Newman had built a massive estate by the time he passed away and had a detailed plan in place for distributing that estate fairly. It’s a perfect example of what can be achieved when an estate plan is given the attention and thought it deserves.

Read More
simultaneous deaths.jpg

When spouses die at the same time, the probate process can become needlessly extensive. It happens frequently enough that the State of Ohio has laws to address the issue, formally called simultaneous death. What are these laws, why do we need them, and can we work around them if we need to?

Read More