If you have beneficiaries listed on your IRA and 401(k) plans the money in those accounts will go directly to the beneficiaries and not into probate after you die. If your spouse is a beneficiary, then the money goes directly to them as an inheritance. If the person is not a relation, the assets get…
Continue reading ›92 year old Princess Abigail Kawananakoa, known to her friends as Kekau, is Hawaiian royalty. She is a direct descendant to the throne of the Kingdom of Hawaii. She has a $200 million trust and now that trust is at the center of a legal dispute. The case pits her former attorney against her long-time…
Continue reading ›There are 3 basic options for estate planning. Two require the assistance of an attorney. One only requires a checkbook and a pen Prepare a Last Will and Testament and leave your property outright to your heirs in a will. Prepare an Irrevocable Trust: your funds go into the Trust and are distributed over time…
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