Luke Perry’s Estate Planning – How Well Did He Do?

Luke Perry’s passing on March 4, 2019 was a sad moment for many, since his iconic role on Beverly Hills 90210 is forever etched in pop culture. However, in the eight months since his passing, it has become clear that unlike most celebrity estates, Luke Perry was financially savvy.

Can You Tackle Elder Law on Your Own?

December 19, 2019
Bill O’Leary, Esq.
Elder Law

The disadvantages of do-it-yourself elder law estate planning are costly errors, omissions and neglecting protections.

Should I Use a Bank as My Executor Instead of a Family Member?

What are the advantages, disadvantages and financial implications of appointing the bank as an executor of my will, instead of my child or relative?

Who Should I Name as Trustee of My Trust?

Having a trust is just one important piece of the puzzle, when planning for your financial legacy. Another piece: your trustee.

Will We Have to Pay Gift Taxes if We Give Property to a Child?

How should we best do this, so that we avoid future gift taxes?

As a Trust Beneficiary, Am I Required to Pay Taxes?

Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust's income, rather than the trust itself paying the tax. However, such beneficiaries are not subject to taxes on distributions from the trust's principal.

Can I Protect an Inheritance During Marriage?

An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.