Three Celebrity Probate Disasters and Tragic Lessons

Cari Rincker Estate Planning Leave a Comment

One would assume that celebrities with extreme wealth would take steps to protect their estates. But think again: some of the world’s richest and most famous people enter the pearly gates with no estate plan, while others have made estate planning mistakes that tied up their fortunes and heirs in court for years. Let us look at three high-profile celebrity …

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Farm Succession and Estate Planning Tips

Cari Rincker Business Law, Estate Planning, Food & Ag Law Leave a Comment

It was a pleasure to be interviewed for this Syngenta Thrive article speaking on an issue near and dear to my heart- farm succession and estate planning.  You can read more articles in the Thrive magazine here.

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Assisted Reproductive Technology and the Real Impact on Estate Planning

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According to data provided by the Centers for Disease Control and Prevention (CDC), approximately 2 percent of all infants born in the United States (83,946 in 2019) were conceived using assisted reproductive technology (ART).[1] ART is defined by the CDC as all fertility treatments in which both eggs and embryos are handled. It can involve many procedures, the most well-known …

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Have You Thought Through Your Retirement Plans?

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Beginning your retirement is a great milestone that is worth celebrating. You have put in many years of hard work, and you are now able to focus your energy on the next phase of your life. However, before you begin this next chapter, you need to make sure that you have fully thought through this exciting change in your life. …

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Right of Occupancy Trust: A Trust to Protect Your Home and Your Loved Ones

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Estate planning is about protecting you and your loved ones. Sometimes this can be a difficult endeavor when there is a loved one who may require additional support at your death. While you may want to give as much as possible to this individual, you may not want to do so at the expense of others you care about. A …

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The Pros and Cons of Probate

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In estate planning circles, the word “probate” often carries a negative connotation. Indeed, for many people—especially those with valuable accounts and property—financial planners recommend trying to keep accounts and property out of probate whenever possible. That being said, the probate system was ultimately established to protect the deceased’s accounts and property as well as their family, and in some cases, …

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Important Issues to Address Before You Leave on Vacation

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Getting ready to embark on your next great adventure? Before you zip up the last suitcase, here are five issues you need to address to protect yourself and your loved ones.  Do you have a foundational estate plan? Has it been reviewed? An estate plan is a set of instructions memorialized in legal documents that explains to your trusted decision …

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Three Steps You Can Take Now to Protect Your Artistic Legacy

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Although your death is probably a long way off, it is important that you have a plan to ensure that your affairs are settled in the way that you want. An estate plan crafted by an experienced estate planning attorney is a legally enforceable set of documents that allows you to name who will have the authority to make decisions …

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Three Things You Need to Know about Cryptocurrency and Your Estate Plan

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Cryptocurrency’s popularity has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware of the Tax Consequences  Transferring your cryptocurrency to other people, either during life or at your death, could have income, estate, and gift tax consequences that are important …

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Why a Trust Is the Best Option to Avoid Probate

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Ideally, when someone passes away, the paperwork and material concerns associated with the deceased’s passing are so seamlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family and other loved ones to grieve and remember the deceased in peace. In fact, the whole business of estate planning—or at least a significant piece of it—is concerned …

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Understanding Land Trusts: Title-Holding Land Trusts

Cari Rincker Estate Planning, Food & Ag Law, Property Law Leave a Comment

What is a land trust? The use of the phrase “land trust” can often lead to confusion, as it relates to a few completely distinct concepts.  On the one hand, a land trust may refer to an estate planning tool wherein title to the land is held by a trustee at the owner’s request.  On the other hand, a land …

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Three Reasons to Avoid Probate

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When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in your name only and you have not  completed a beneficiary, pay-on-death, or transfer-on-death designation. Although having a …

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