Did Luke Perry Plan His Estate?

When Luke Perry, whose full name was Coy Luther Perry III, died on March 4, 2019, he was surrounded by family and loved ones. Tragically, the actor—who rose to fame playing a teenage heart-throb on Beverly Hills 90210—died from a condition that almost everyone thinks of as one that only strikes "old" people. Fortunately, Perry's foresight to do the proper estate planning, meant that the tragedy was not made worse for his family.

Why Should I Create a Trust If I’m Not Rich?

The perception is that trusts are for the very wealthy and that they cost a ton of money to set up. The reality is a trust can be a fantastic tool for the average person or couple, because it simplifies things in the event of your death.

Why Is a Revocable Trust So Valuable in Estate Planning?

Trusts are one of the most versatile items of the financial planning toolkit. However, they are not just for rich people. With the new higher estate tax exemptions, avoiding or reducing estate tax is not a concern for most of us.

When Was the Last Time You Talked with Your Estate Planning Attorney?

The Tax Cuts and Jobs Act signed into law in December 2017 could have a major impact, not only on estate tax planning but also on income taxes derived from unrealized estate tax consequences.

Using Trusts to Maintain Control of Inheritances

March 20, 2019
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Power of Attorney

Why would you leave an inheritance to a trust for a beneficiary rather than “outright” to the beneficiary? The answer is control.

What Do Parents Need to Know About Writing a Will?

Preparing a will is one of the most important steps a parent can take to protect their family.

Should I Put My Firearms in a “Gun Trust”?

Make a mistake when inheriting an IRA and you might face tax consequences. Make a mistake when inheriting a gun collection, and there's a chance you could face felony charges. Therefore, anyone who owns a gun, may want to consider adding a gun trust to their estate plan.