Loading...

Tag: Probate Avoidance

Matthew Perry’s Estate Plan Reveals the Advantages of Trusts

Posted on By Emilio José Rodríguez
When Matthew Perry, the cherished star of Friends, passed away last year, fans around the globe mourned the loss of a beloved comedic legend. However, as his estate details started to emerge, a perplexing question arose: why did it seem like he had less money than expected? Despite his estimated net worth of $120 million, his bank account showed only $1.5 million. While this sum is substantial to most, it seems surprisingly low for someone who...

How Beneficiary Designations Put Your Family at Risk

Posted on By Emilio José Rodríguez
You've worked hard to build your assets and secure your family's future. Like many responsible adults, you've named beneficiaries on your retirement accounts, life insurance policies, and maybe even your banking and investment accounts. It feels good to know you've put something in place for your loved ones.  But here's the truth many financial advisors, CPA’s, and even other lawyers won’t tell you: relying solely on beneficiary forms for...