Divorce Reveals How Trusts are Used by the Ultra-Wealthy

In a lawsuit, Marie Bosarge claims that her estranged husband, Texas billionaire Ed Bosarge, created trusts ‘to hide income and property and to hold what would otherwise have been personal income and assets.’

Did Little Richard Have a Smart Estate Plan?

Little Richard was 87 when he died, which means the pop revolution he helped popularize -- rock and roll itself – is now old enough to collect Social Security.

Do I Need an Estate Plan with a New Child in the Family?

May 21, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Guardianship, Power of Attorney, Probate and Estate/Trust Administration

If you have children or are expecting one, you may also want to take the three big estate planning steps that we did.

How do I include my Grandchildren in my Estate Plan?

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

How do I include my Grandchildren in my Estate Plan? Grandchildren are often on the minds of those doing estate planning; learn the best strategies for including them in your plan. Similarly to planning the transfer of assets to your…

Why Should I Get a Gun Trust in Florida?

May 17, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Probate and Estate/Trust Administration

Why Should I Get a Gun Trust in Florida? The State of Florida allows residents to possess certain firearms and accessories that are regulated under Title II, Class 3, of the National Firearms Act. These items include, for example, machine…

5 Strategies to Keep Your Heirs From Blowing Their Inheritance

May 15, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning

5 Strategies to Keep Your Heirs From Blowing Their Inheritance Preserving the family money beyond a few generations isn't an easy task. From Kiplinger's Personal Finance, November 2015 From shirtsleeves to shirtsleeves in three generations, goes the early 20th-century American proverb. Then…

Am I Making One of the Five Common Estate Planning Mistakes?

May 6, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

When is the last time you updated your will? Could your beneficiaries have changed? If you have a trust, did you actually fund it? Is your plan ready for the new SECURE Act? Here are five mistakes you don't want to make.

Does Artwork Belong in a Charitable Remainder Trust?

May 5, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning

Instead, they placed the items in a charitable remainder trust, received a tax deduction for part of the value, received income from the trust and then gave a sum to a charity of their choice.

Can I Keep a Loved One’s Inheritance From Their Spouse?

I plan to leave most of my estate to my niece, but I do not want her estranged husband to be able to get his hands on any of the money. They are not getting divorced ‘because of the child.’ What is the most economical way to do this? They live in Missouri and may be moving to South Carolina. I am a New Jersey resident.

How Much Control from the Grave Can Parents Have?

They want to leave their house to all three of the children, but they do not want us to sell the home after they both die. Is there a way they can make it, so the house can’t be sold after their deaths?