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Nine Ways Your Estate Plan Could Breed Conflict

Friction between family members can escalate during a scorching summer heatwave. Likewise, a flawed estate plan has the potential to breed conflict, mistrust, and financial turmoil among your beneficiaries in several ways. Lack of a plan. If you fail… Read More
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Four Important Considerations If You Win the Lottery

On February 14, 2023, California state lottery officials named the winner of the largest lottery prize in United States history: Edwin Castro won an eye-popping $2.04 billion in a November 2022 lottery drawing, choosing a lump sum payment of $997.6 m… Read More
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Passing the Torch: Baby Boomers' $53 Billion Wealth Transfer and the Importance of a Solid Estate Plan

Introduction The Baby Boomer generation, born between 1946 and 1964, has long been known for their significant impact on society and the economy. As this generation gracefully ages, they are now preparing to pass the torch to the next generation in m… Read More
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Will Banks and Businesses Accept My Power of Attorney?

A Power of Attorney (“POA”) is a legal document that empowers another adult, such as your spouse, family member, or close friend, to manage your financial and property matters. This authority is particularly useful when you are incapable of manag… Read More
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Wills versus Trusts: Understanding the Key Differences and Deciding Which One is Right for You

Deciding between creating a will or setting up a trust is confusing. However, farmers, business owners, and high-net-worth individuals need to plan ahead and make sure their assets are distributed according to their wishes after they pass away. But h… Read More
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Five Things to Know Before Including a Limited Liability Company in Your Estate Plan

When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include several tools for your unique situation. One tool that might benefit you is a limited liability company (LLC) that owns s… Read More
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MPR Interviews Attorney Jennifer Gumbel on her Instagram Presence

“Law, death, money. All of everyone's favorite topics,” she said. Gumbel said we need to remember, death is the thing that affects us all. Read More
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Three Celebrity Probate Disasters and Tragic Lessons

One would assume that celebrities with extreme wealth would take steps to protect their estates. But think again: some of the world’s richest and most famous people enter the pearly gates with no estate plan, while others have made estate planning… Read More
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Important Milestones You…

Important Milestones You Can Incorporate in Your Estate Plan

Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can create estate planning challenges. Because life changes quickly and sometimes unexpectedly, your estate plan n… Read More
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How to Avoid Family Confl…

How to Avoid Family Conflict When Transferring Intergenerational Wealth

Family conflict can be an unfortunate byproduct of transferring intergenerational wealth if your estate plan does not properly address the risk. Thankfully, we usually hear from our clients that they don’t have any concerns with their kids getting… Read More
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