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Houston Business Planning Lawyer: What Happens to Your Sole Proprietorship When You Die?

Sole proprietorships are a common type of business. For sole proprietorships, the business owner and the business are the same legal entity. The business owner of a sole proprietorship is personally responsible for any debts the business incurs. However, unlike…
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Saints Owner Will Call Another Play in Fight Over Trusts

The National Football League said “no” to New Orleans Saints owner Tom Benson's original proposal to remove team ownership from his estranged family's trust funds. This means he’ll have to try again with new financial terms. The NFL won't let…
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Complete a Complete Estate Plan

When it comes to planning, the focus is typically on making you better prepared for the future. That means limiting taxes, creating wiser investment strategies, knowing when it’s best to claim Social Security and developing sustainable retirement income plans. All…
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A Few Words of Advice for Getting Married in Your Golden Years

If you're in your senior years, you may want to think twice before tying the knot. The love bug can bite at any age, and that can include pain in your wallet. This advice comes from The Hartford (CT) Courant…
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How Not to Do It: Spending the Inheritance on Royal Souvenirs and Strippers

For the Scripps family, who were heirs to a media fortune, they simply spent their millions. According to an article on CNBC.com, “The Greed Report: Not a billionaire? You still need an estate plan,” they took luxury cruises around the…
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Want Estate Planning? No, You Need It!

Estate planning is a need, but too often it gets moved down to the list for tomorrow. There are many reasons people put off estate planning, like discussing death and dying. The (Memphis TN) Daily News recently published an article,…
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Celebrity Estate Panning Leaves a Lot to Be Desired

One would think that big stars like Prince would have a team of high-powered advisors, compared to the average Joe and Jane. But that isn’t so, says CNBC in the recent article “Don't make these celebrities' estate-planning blunders.” Celebrities make…
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Get a Life Insurance Check-up to Be Sure the Prognosis Is Good

Insurance planning shouldn't begin until there's been some financial planning, according to CNBC in its article “3 life insurance mistakes you can easily avoid.” They cite three common mistakes that can be easily avoided or fixed: Not enough insurance. About…
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Librarian’s Estate Plan Includes $4 Million Gift to School

A former University of New Hampshire librarian’s $4 million gift to the school has received considerable attention due to the way the school opted to use the funds. This uproar is a reminder that estate planning is important, especially if…
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Former Vanity Fair Contributing Editor Makes Headlines with Estate Dispute

The 63-year-old Wolff, who is married, is also the father of a baby with a much younger TV personality. He now is also a defendant in the new Manhattan civil suit with his estranged spouse, attorney Alison Anthoine. Wolff was…
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