Just two days before accused multimillionaire sex trafficker Jeffrey Epstein died in his jail cell this month, reportedly by suicide, he signed a will. That will could make it difficult for his alleged victims to get any money in lawsuits against his estate. The 66-year-old had pleaded not guilty to charges of conspiracy and sex trafficking of minors.
You've learned that you are inheriting money from a family member or someone else you were close to who passed away. This often brings a mixture of emotions. You're sorry that they're gone, but you're pleased that they included you in their estate plan.
A milestone in the creation of the 150 mile 2.3 billion dollar Integrated Pipeline Project (IPL) is about to be reached. After nearly four years of construction and 12 years since its initial proposal, the first 50 miles of this giant pipeline will begin operation. This is a huge initial step for the pipeline; which isn't expected to be completed in its entirety until 2035. The project was built in partnership with the city of Dallas, and will bring 150 million gallons of water the city. Getting to this point was neither easy nor inexpensive.
Why does there have to be so much involved with the estate planning process? Why can't there be one single document that fulfills all of a person's needs? These are two questions that estate planning lawyers hear quite frequently.
Even if you have a will, almost all estate assets are subject to legal proceedings before they are distributed. Long legal battles can quickly complicate financial matters. If you would like to ensure your estate is fairly and accurately distributed, a trust could be right for you.
Losing a loved one is always hard. Maybe your loved was sick for a long time, or perhaps he or she passed suddenly. No matter how they passed on, it is impossible to prepare for such a tremendous loss. One comfort is knowing your loved one is at peace.
The recent death of Aretha Franklin highlights the importance of estate planning. Ms. Franklin died without a will or trust in place. Her attorney said that he constantly advised her to set up a trust. Ms. Franklin was not married at the time of her death and she is survived by four sons. Under Michigan law, her estate will be divided between her four children. While Ms. Franklin will Ms. Franklin may be the latest celebrity to die without a will but she is certainly not the only one.