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Gregorek and Associates, PLLC
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“The Godfather of Soul married a woman who was married to another man, who in turn was married to three other women. It's up to a federal court to decide who gets millions in song royalties in a case with major implications for artists and families.” When James Brown, the... Continue reading
Posted 18 minutes ago at RJG Legal
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“Some assets require special estate planning strategies and a lot of thought. One such asset is what I sometimes call heirloom real estate, or family real estate.” Heirloom real estate is a property that’s been in the family for some time and that one may want to keep in the... Continue reading
Posted yesterday at RJG Legal
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“A living trust is a great way to protect and distribute your estate assets, in private and without court intervention.” A living trust can be an effective way to handle your estate because you can provide clear direction on how your assets should be disbursed (and to whom) after your... Continue reading
Posted yesterday at RJG Legal
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“Investing in your child’s education is one of the most important things you can do for your child. A 529 plan enables you to start saving early—the earlier the better—so you can allow the money you invest to make more money for you and your child.” The new tax law... Continue reading
Posted 2 days ago at RJG Legal
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“The reality is that life insurance is treated as an asset in your estate. If the payout pushes your estate past federal or state estate tax exclusion limits, you could be facing a hefty estate tax bill. There is something you can do, though.” Many people just assume that all... Continue reading
Posted 2 days ago at RJG Legal
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“Close to one in five Americans who’s 65 or older is still working, the highest percentage in more than half a century. The one who’s still working may be better off.” With more of us waiting a bit longer to retire, research shows that those with a college degree will... Continue reading
Posted 3 days ago at RJG Legal
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“If you want children from your first marriage to get an inheritance, here's what you should know.” Second marriages are not uncommon in the US. In many cases, the new spouses have adult children from their first marriages and no children together. When each spouse dies, they may want his... Continue reading
Posted 3 days ago at RJG Legal
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“Most people likely know there are some basic documents they need for their estate plan. Those include a will, living wills or medical directives, durable powers of attorney for health care or property and side letters.” USA Today’s recent article, “Preparing a will: What you need to know about estate... Continue reading
Posted 6 days ago at RJG Legal
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“It’s going to be harder for veterans to qualify for a benefit that’s already little known.” There are some new regulations for the Aid and Attendance program, a service that helps qualifying veterans cover long-term care. Think Advisor’s recent article, “VA Is Tightening Rules on LTC Benefit for Veterans,” reports... Continue reading
Posted 6 days ago at RJG Legal
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“Daniels’s recording is an oral will, also known in the law as a nuncupative will.” Stormy Daniels recently released her memoir, Full Disclosure. The book delivers Daniels’s vivid narrative of her 2006 Lake Tahoe meeting with President Trump and the drama that ensued from her signing of a Non-Disclosure Agreement... Continue reading
Posted 6 days ago at RJG Legal
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“Many of us have read the titillating and tragic story of Sumner Redstone, the former executive chairman of Viacom, and the litigious financial power struggle that has embroiled his family.” HBO says that the Sumner Redstone saga was a key influence on its series Succession. That show involves money, a... Continue reading
Posted Oct 26, 2018 at RJG Legal
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“One of the greatest “gifts” someone can forward to their loved ones is an estate plan and detailed insurance record keeping.” A necessary component of estate planning is organizing your records. This is because when you die, your family will have to locate vital information and companies to take actions... Continue reading
Posted Oct 25, 2018 at RJG Legal
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“Of all the risks couples face in retirement, the death of a spouse is a certainty.” According to a Merrill Lynch and Age Wave study on widowhood, people aren’t really planning for this certainty. USA Today’s recent article, “Before the death of a spouse, here's how to prepare a financial... Continue reading
Posted Oct 24, 2018 at RJG Legal
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“Mac Miller, a 26-year-old American rapper and music producer who died Sept. 7 in California, had a will, and its contents are similar to those of musical phenom Michael Jackson.” The fact that the rapper Mac Miller even had a will may surprise some, since he was only 26 when... Continue reading
Posted Oct 23, 2018 at RJG Legal
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“While estate planning is important, most people ignore it and, therefore, there is not much that they know about it either. Revocable and irrevocable trust deeds are an important element in estate planning.” Estate planning isn’t only challenging, it’s essential. Your assets have a great potential to be treated without... Continue reading
Posted Oct 22, 2018 at RJG Legal
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“People often put off creating a will or estate plan because they want to avoid making difficult decisions or having stressful conversations with loved ones. The idea of death, money, and splitting possessions can create conflict. However, it doesn't have to be that way.” With a few exceptions, most people... Continue reading
Posted Oct 19, 2018 at RJG Legal
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“It’s one of the biggest challenges faced by wealthy families: How to avoid the “silver spoon” syndrome with their children.” The same advantages that family wealth can provide to children, can also become a major impediment to maturation and productivity. To raise children that are able to understand that they... Continue reading
Posted Oct 18, 2018 at RJG Legal
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“Burt Reynolds' will excludes his only son, Quinton Reynolds, and names his niece Nancy Lee Brown Hess the trustee for his estate.” According to TMZ, Burt Reynolds' sole child, son Quinton, 30, was left out of his will because Burt created a trust for him several years ago. The money... Continue reading
Posted Oct 17, 2018 at RJG Legal
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“An increasing number of Americans are retiring overseas to capital cities that offer a culture-rich lifestyle, excellent infrastructure and top-class dining and entertainment—and an affordable price tag, according to Internationalliving.com.” A new report from International Living finds five international capitals, where a couple can retire on less than $37,000 a... Continue reading
Posted Oct 17, 2018 at RJG Legal
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“How you name beneficiaries can complicate an estate plan.” A senior with a $2.5 million estate, 85% of which is in brokerage accounts, has designated his two children as beneficiaries with per stirpes on all his accounts. His will does the same thing, so he can avoid the probate process.... Continue reading
Posted Oct 16, 2018 at RJG Legal
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“Sometimes money is like technology. Getting stuff done—whether it’s updating an operating system or moving a bank account—often takes longer than it should.” Money chores can be time-consuming, but there are some that can be done a lot quicker than you may think. The Washington Post’s recent article, “Got an... Continue reading
Posted Oct 16, 2018 at RJG Legal
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“Aretha Franklin’s death on Aug. 16 and the passing of Prince in April 2016 turned up one thing the entertainers shared in common. Both died without a will. According to experts, dying without a will creates mystery.” That’s not a mystery you want your family and loved ones to experience.... Continue reading
Posted Oct 15, 2018 at RJG Legal
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“If you're part of a married couple, it's highly likely that one of you will become a widow or widower at some point. You'll have lots of company: The U.S. now has 20 million widows and widowers, with 1.4 million added each year, according to an insightful study by Merrill... Continue reading
Posted Oct 15, 2018 at RJG Legal
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“Elder abuse will get worse, as 10,000 people turn 65 every day for the next ten years.” With a growing number of retirees, older workers, and survivors, fragile older people are more susceptible to financial exploitation. Wealth Advisor’s recent article, “Elder Financial Abuse Will Get Worse As Americans Age,” reports... Continue reading
Posted Oct 12, 2018 at RJG Legal
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“How do I talk to my grown children about how to handle the money they will inherit? How can I ensure the wealth will last for them and beyond?” Managing the discussions, expectations, and priorities concerning the transfer of wealth are important. CNN.com’s recent article, “How to plan for wealth... Continue reading
Posted Oct 12, 2018 at RJG Legal