When Sean “Diddy” Combs paid off the $18.8 million mortgage on his lavish Star Island mansion in Miami, Florida, it wasn’t just a headline-grabbing move. The decision came at a time when Diddy faced mounting civil lawsuits...more
Betty White wasn’t just America’s beloved “Golden Girl”—she was also a passionate, lifelong advocate for animal welfare. As a longtime trustee of the Greater Los Angeles Zoo Association (GLAZA) and a dedicated supporter of...more
3/27/2025
/ 501(c)(3) ,
Charitable Organizations ,
Estate Planning ,
Estate Tax ,
Florida ,
Pets ,
Tax Benefits ,
Tax Deductions ,
Tax Planning ,
Texas ,
Trusts
Nicolas Puech, a lesser-known heir of the Hermès luxury brand, has taken an unusual approach to his estate plan by deciding to leave his fortune to his former gardener. Puech, who has long been known for his philanthropic...more
The term "gray divorce" is commonly used to describe later-life separations, but "golden divorce" might be a more fitting term, suggesting optimism and new beginnings. This concept reminds me of the beloved 1980s sitcom The...more
10/23/2024
/ Beneficiaries ,
Community Property ,
Divorce ,
Employee Retirement Income Security Act (ERISA) ,
Estate Planning ,
Florida ,
Individual Retirement Account (IRA) ,
Life Insurance ,
Marital Assets ,
QDRO ,
Retirement ,
Texas ,
Trustees ,
Wills
In the complex world of estate planning, irrevocable trusts offer a robust mechanism for protecting assets from various threats, including bankruptcy and divorce. This article delves into the specific protections offered by...more
7/17/2024
/ Asset Protection ,
Bankruptcy Code ,
Bankruptcy Trustees ,
Chapter 11 ,
Divorce ,
Estate Planning ,
Florida ,
Fraudulent Transfers ,
Irrevocable Trusts ,
Spendthrift Trusts ,
Testamentary Trust ,
UFTA
The landscape of marriage in the United States has transformed significantly, particularly for same-sex couples, following pivotal legal battles that sought to recognize their right to marry. Understanding the nuances of...more
6/18/2024
/ Asset Management ,
Beneficiaries ,
Common Law Marriage ,
Constitutional Challenges ,
Equal Protection ,
Estate Claims ,
Estate Planning ,
Florida ,
LGBTQ ,
Marriage ,
Marriage Equality ,
Obergefell v. Hodges ,
Risk Mitigation ,
Same-Sex Marriage ,
SCOTUS ,
Spouses ,
Texas
Aretha Franklin, the legendary Queen of Soul, passed away on August 16, 2018 from pancreatic cancer at the age of 76 in Detroit, Michigan. She left a legacy marked by her incomparable music and talent, and a $6 million...more
6/10/2024
/ Aretha Franklin ,
Asset Management ,
Beneficiaries ,
Estate Claims ,
Estate Planning ,
Family Members ,
Florida ,
Inheritance ,
Music Industry ,
Probate ,
Testators ,
Texas