If remarrying, update your estate plan to ensure your new spouse and existing heirs have clear guidelines on your inheritance wishes. » Read More
May 23- Viacom Inc Chief Executive Philippe Dauman filed a complaint Monday to stop Sumner Redstone from removing him and George Abrams from the media mogul's trust, Dauman and Abrams said in a statement Monday. "Shari Redstone is attempting to illegally hijack her father's well-established estate plan," Dauman said in a statement Monday morning.
NEW YORK, May 19- In the month since Prince died and his heirs began wrangling over his estimated $300- plus million estate, many Americans have moved "draft a will"- arguably one of life's most unpleasant tasks- to the top of their to-do lists. Since then, Nolo.com, a legal information site, saw a 24 percent spike in sales for its downloadable WillMaker service, 42 percent...
Most Americans don't have a will, but drawing one up is vital to avoid intestacy, ensure your legacy and protect minor children.
Having a will is not just for multimillionaires. If you own personal property, you'll need to make your wishes known.
Having a will is just as important for ordinary folks as it is for multi-millionaires--and failing to organize your estate is a major financial mistake for anyone. CNBC’s Sharon Epperson offers simple steps to help you set up your will.
Lawyers charged with untangling the multi-million dollar estate of music superstar Prince head to court on Monday.
NEW YORK, April 15- Nearly 70 percent of baby boomers view a gift of money as an expression of love, according to a Merrill Lynch survey released on Friday. While this may sound wonderful, it can complicate estate planning, especially if the generation receiving the inheritance sees things differently. You don't want somebody to feel less loved, " Michael Liersch,...
NEW YORK, Feb 2- Burned by the housing bust of 2008, more black Americans are tying up their wealth in the U.S. equity market through workplace retirement plans, experts say. "Initially, my experience was that black Americans were more prone to invest in real estate- things they could touch, feel, see," said Jerry Murphy, a certified financial planner at JDM Financial&...
Financial advisor Manisha Thakor of The BAM Alliance says a good annual, year-end person-finance checklist should address estate planning, insurance and investment portfolio questions.
New digital archives designed for estate planning present a slew of risks for people trying to ensure their heirs don't inherit disarray.
More couples are using lifestyle clauses in nuptial contracts, covering gambling, drugs, affairs, even quality time spent together.
As advisor practices evolve beyond investments, more are taking on the task of end-of-life decisions for clients, using new technology.
Due to longer lives and higher health costs, more boomers are earmarking their estates for their own use rather than willing them to heirs.
An airtight estate plan takes the guesswork out of who gets what when you die and delineates your wishes for end-of-life medical decisions.
Life insurance often gets short shrift, thanks to people's preconceived ideas, which, say advisors, results in some fairly common mistakes.
Lisa Green, "On Your Case" author, shares her ideas on how people can legally control every aspect of their lives, including marriage, divorce, and estate planning.
Warren Buffett is leaving his billions to charity, and many boomers are following suit to avoid turning their kids into rich loafers.
When assets are being passed on to kids, trouble can quickly ensue. For people who remarry, prenups and even postnups need to be airtight.
Do you have a will, a budget or life insurance? For most Americans, the answer is "no." What planning documents you need, when.
The spokeswoman for Robin Williams' family debunked widespread reports that the comedian, who died Monday in a suspected suicide, had money troubles.