The importance of guidance from an estate planning attorney
Michelle Gonzalez • January 25, 2024
https://www.billboard.com/pro/tupac-shakur-sister-trustee-tom-whalley-executor/
Don't be like Tupac, be more like Elvis and consider the future generations of your family that can benefit from your Estate Planning. In this story you see where Tupac's mother did end up setting up a Trust, but then the trustee was not someone the family could trust with the assets. An attorney can help you navigate this problem.
If anyone has ever heard of baseball hall of famer Ted Williams, then you may know the story about his kids battle in probate court after his death. One daughter had his will where he said he wanted to be cremated and disposed of over the ocean. His other children said he signed a note saying he wanted to be cryogenically frozen. Needless to say, there was a long costly battle for the children. All this could have been avoided if Ted Williams just made sure to update his wishes, by updating his estate plan with his attorney, when they changed or at least every three years. Bolingbrook Promenade Estate Planning, LLC will keep your estate planning documents in an online vault for safe keeping and if ever you want to make changes you can come back and see me and have those changes made.
https://www.msn.com/en-us/tv/news/mary-lou-retton-reveals-daughters-said-goodbye-to-her-during-life-threatening-hospitalization/vi-AA1mEBT8?ocid=socialshare The Mary Lou Retton story is an example that anything can happen at any moment, and it is best to have Estate Planning in place for the unexpected.
https://www.msn.com/en-us/money/retirement/my-wife-of-65-years-died-and-i-made-a-tax-mistake-when-inheriting-her-ira/ar-BB1h7EMS?ocid=socialshare&pc=LCTS&cvid=e9be3cedfde94f1cafbd0c116c25013a&ei=40 This story shows how not knowing best way to handle an inheritance after a loved one's passing can cost you. This is why a free initial consultation with an estate planning attorney can be worth your time.
