If you took a gap year, you may have come across a few young travelers who had more money than most and did not need to work to fund their endless vacation. They were able to do this because a kindly relative had left them a regular supply of money through a trust...
The probate courts primarily exist to help enforce the law regarding the passage of wealth and assets from one generation to the next. Unfortunately, despite their noble intentions, what the probate courts often produce is wealth-diminishing expenses, exasperating...
Most estate plans do not include business succession plans for the simple reason that most people do not own their own businesses. Even among those who do, they may not add the business into the plan because they fully intend to sell it and retire long before passing...
