Cockatiels and Trust Funds
Cockatiels and Trust Funds We have posted a few times here on the GQ Law blog about the possibility of setting up a Pet Trust, a special trust that can set aside money and care plans for your beloved pets after your death. You learn about Pet Trusts in this post and read about Joan Rivers’ pet trust on our blog here. Another pet trust made national headlines recently as late billionaire Leslie Ann Mandel left $100,000 to her pet cockatiels upon her passing in June 2015. According to an article in Time, Mandel founded The Rich List Company and her estate totaled $5.3 million. Mandel...
Read MoreTax & Estate Planning Help on Social Media
Tax & Estate Planning Help on Social Media Did you know that you can get valuable tax and legal help throughout the year via social media? Whether you use social media daily, weekly or rarely, connecting with the available GQ Law and IRS accounts will get you access to free legal advice, success tips, information on IRS filing requirements and keep you updated about new tax deductions, tax brackets, etc. GQ Law Accounts Twitter. Keep up with Gary, tax tips, links to videos @GQLaw Facebook. Links to posts on this blog. Posts cover legal and business topics ranging from guardianship...
Read MoreEstate Planning for Women
Estate Planning for Women While our motto here at GQ Law is that everyone needs an Estate Plan. Today’s post is specifically for the ladies- estate planning for women.. No matter whether you’re single, married, divorced, or widowed, you need an Estate Plan. Although the tools used for estate planning are the same for women and men, there are some differences to consider. Since women are likely to live longer than men, more likely to have custody of children, they tend to face some unique challenges. Additionally, women (generally speaking) psychologically approach the process...
Read MoreWhitney Houston’s Estate Plan
Whitney Houston’s Estate Plan We’ve written on this blog before about celebrities and their notoriously bad Estate Planning. Often times these super stars leave their billions, homes, cars, jewels, royalties and family members in a big huge state of confusion, read about some specific cases in this post. With the recent passing of vocal icon Whitney Houston’s daughter Bobbi Kristina Brown, there has been quite a bit of media coverage regarding Houston’s estate. Whitney Houston’s Estate Plan was actually well in order and updated when she passed. She left...
Read MoreWhat is Probate?
What is Probate? Probate is a term that is used in several different ways. Probate can refer to the act of presenting a will to a court officer for filing — such as, to “probate” a will. But in a more general sense, probate refers to the method by which your estate is administered and processed through the legal system after you die. Dummies.com Many people think that “Probate” only applies to those who do not have a will. This is incorrect. Probate is the process that helps transfer your estate in an orderly and supervised way. There is a big difference,...
Read MoreBaby Boomer Retirement Mistakes: No Estate Plan
Retirement Mistakes: No Estate Plan According to a recent USA Today article, many baby boomers are forgetting an essential part of their retirement plans- creating an estate plan. Nobody wants to think about death and what all will happen once you go but death without an estate plan can be even worse for those left to deal with your estate. For most people, estate planning is on the bottom end of the priority list but according to wealth and financial advisors, it should be on the top. Estate planning and financial planning go hand in hand. “There are three important...
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