SAFEGUARD YOUR CHILDREN’S INHERITANCE WITH A LIFETIME ASSET PROTECTION TRUST

Last installment we discussed the benefits of a unique estate planning vehicle known as a Lifetime Asset Protection Trust (LAPT). We referenced this planning tool in the context of how it could have protected Clare Bronfman, the heiress to the multi-billion-dollar Seagram’s fortune, who was manipulated into blowing much of her $200 million inheritance by … Read more

Protect Your Family from Wealth’s Dark Side with a Lifetime Asset Protection Trust

Protect Your Family from Wealth’s Dark Side with a Lifetime Asset Protection Trust  When you create your estate plan, the idea that one of your adult children would ever use their inheritance to bankroll a cult is probably something you’d never dream of, much less anticipate. Yet that’s exactly what 40-year-old Clare Bronfman, heiress to … Read more

7 Processes to Complete With Your Parents Before They are Gone

7 Processes to Complete With Your Parents Before They are Gone In a recent Facebook post “Processes to go through with your parents before they die,” Daniel Schmachtenberger, founder of the Critical Path Institute, outlined seven simple exercises to use with your parents that can offer significant healing and completion for their life and yours. … Read more

Seniors and Their Families Should be Wary of Reverse Mortgages–Part 2

Seniors and Their Families Should be Wary of Reverse Mortgages—Part 2  In the first part of this series, we discussed the dangers of reverse mortgages for senior homeowners. Here, we’ll look at how these complex loans can negatively impact your family and estate plan. https://themfirm.com/seniors-and-their-families-should-be-wary-of-reverse-mortgages/ For decades, reverse mortgages have been touted as an easy … Read more

Got a “Blended Family’? Learn from Tom Petty’s Mistakes: His Daughters and Widow are Now Locked in Bitter Battle Over His Estate

  Got a ‘Blended Family’? Learn from Tom Petty’s Mistakes: His Daughters and Widow are Now Locked in Bitter Battle Over His Estate   Back in May, Tom Petty’s daughters escalated the battle over their late father’s estate by filing a lawsuit against Petty’s second wife that seeks $5 million in damages. In the lawsuit, … Read more

Seniors and Their Families Should Be Wary of Reverse Mortgages Part 1

Seniors and Their Families Should Be Wary of Reverse Mortgages  If you’ve watched TV lately, you’ve likely seen ads touting the benefits of reverse mortgages. The spots typically feature famous actors like Henry “Fonzie” Winkler, Robert Wagner, and former U.S. Senator Fred Thompson telling elderly homeowners how they can dramatically improve their retirement with a … Read more

Estate Planning Best Practices Gleaned From Famous Celebrity Deaths

Discussing death can be awkward, and many people would prefer just to ignore estate planning all together. However, ignoring—or even putting off—such planning can be a huge mistake, as these celebrity stories will highlight. The next time one of your relatives tells you they don’t want to talk about estate planning, share these famous celebrities’ … Read more

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