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Estate Misconceptions Tag

Are Celebrities Really Different When It Comes To Families Fighting Over Estates?

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Famous icon, Aretha Franklin, recently passed away, and now her sons are fighting over control of her estate. Their family tensions are spilling over into the news. Her sons are contesting the validity of her will. One son argues that an old will is valid;and another son says that there is a 2014 handwritten will that was found under cushions in Aretha’s Detroit home. This is likely the last thing that Aretha wanted to happen to her family. Estate planning isn’t different just because someone is a wealthy celebrity. The amount of wealth may be different; but the problems of children,...

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5 Estate Planning Myths

There are many myths out there about estate planning and this article will address 5 of them. It is important to recognize that falling victim to any of these misconceptions could leave your family in disarray. Planning ahead will save you and your family lots of wasted time, money, and resources. Myth #1 - Having a Will avoids probate. Often clients believe that because they have a Will that their Estate will not have to be probated upon their passing. In actuality, having a Will is a ticket to the probate court. Plain and simple—any time someone has a Will, it...

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