Did Samsung’s Chairman Have an Estate Plan for his $20.7 Billion Fortune?

November 18, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Probate and Estate/Trust Administration

The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. However, that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.

Can I Leave My Pet Some of My Estate?

In addition to writing wills, Minnesotans are now setting up trusts to care for pets, ranging from dogs and horses to parrots and raccoons.

What Does Entertainer Chadwick Boseman’s Estate Look Like?

November 9, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Intestate, Last Will and Testament, Power of Attorney, Probate and Estate/Trust Administration, Will

The wife of "Black Panther" star Chadwick Boseman is seeking to be appointed administrator of the estate of the beloved actor, who died in August at the age of 43.

Does My Estate Plan Need an Audit?

November 4, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.

Why Did Mary Trump Claim Her Family Stole Her Inheritance?

In a lawsuit against President Donald Trump and his family, Mary Trump alleges that the family committed fraud with her real estate inheritance.

Cornelius Vanderbilt Created an Estate Plan, but Should I?

October 27, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

Cornelius Vanderbilt was among the richest Americans ever to have lived. Born in 1794, he built his fortune on railroads and shipping. To put his wealth into context, in today’s dollars when adding inflation, his fortune would be worth $215.7 billion.

Can an Inheritance Lead to Trouble for Marriages?

October 22, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Power of Attorney

Most states recognize inheritances as separate property, and many experts say keeping them separate is often the best approach.

How Important Is Estate Planning in the Pandemic?

October 20, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

Planning for unfortunate events is particularly critical in the era of Covid-19.

Protecting Inheritance from the Taxman

October 17, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

Received an inheritance of cash, investments, or property? Here are four ways that can help you keep it from being swallowed up by taxes.

How Do I Keep My Assets from the Nursing Home?

October 2, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Nursing homes are expensive with an average cost in the United States of $7,698 per month (2020 average). Most people cannot afford this expense, but they are in desperate need of the services provided by nursing homes (long-term care facilities).