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Profit Law Firm
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Gene Roddenberry, the creator of the beloved series, Star Trek, had the intuition of a creative mastermind. Although he passed away back in 1991, his legacy lives on. A normal burial was exactly the opposite of what Roddenberry imagined. The celestial burial is exactly what he wanted, which was not... Continue reading
Posted 4 days ago at Profit Law Firm
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Michael Jackson, the King of Pop culture, not only left behind a legacy; he also left behind a great estate plan. He made the sensible choice unlike Prince, Aretha Franklin, and Whitney Houston. With the help of his chief executor of his estate both his entertainment attorney John Branca and... Continue reading
Posted 6 days ago at Profit Law Firm
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“Float like a butterfly, sting like a bee.” This was said by no one other that the world’s most renowned heavyweight champion, Muhammad Ali. Ali sadly left this world back in 2016 due to complications with Parkinson’s disease, and his legacy lives on even to this day. With this legacy,... Continue reading
Posted Feb 11, 2019 at Profit Law Firm
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John Lennon, a beloved songwriter and singer from the band The Beatles’, was murdered tragically at the age of 40 in 1980. John Lennon always had the motivation to change the world and to imagine a life without destruction. With the backup support from his wife, Yoko Ono, Lennon became... Continue reading
Posted Jan 18, 2019 at Profit Law Firm
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Paul Walker, an actor in the movie franchise Fast and Furious, sadly died at age 40 in a car accident. Besides being part of on of the greatest movie franchises every produced, Walker made the smart move of creating an estate plan unlike other celebrities like Prince and Amy Winehouse,... Continue reading
Posted Jan 17, 2019 at Profit Law Firm
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Harry Houdini, an escape artist, was most known magician of the 20th century. He amazed his crowds with tricks such as The Overboard Box Escape and the East Indian Needle Trick. After Houdini died from complications due to a ruptured appendix on October 31, 1926, his estate plan was and... Continue reading
Posted Jan 17, 2019 at Profit Law Firm
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Aretha Franklin, just like her fellow performer Prince, was undoubtedly talented beyond her years. Unfortunately, she did not have a will set up that would enable her loved ones to get what they deserved, including her child Clarence, who is 63 years old, that has special needs that require attention.... Continue reading
Posted Jan 4, 2019 at Profit Law Firm
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Michael Jackson, the King of Pop culture, not only left behind such a legacy but also left behind a great estate plan. He made the sensible choice unlike Prince, Aretha Franklin, and Whitney Houston. With the help of his chief executor of his estate both his entertainment attorney John Branca... Continue reading
Posted Jan 3, 2019 at Profit Law Firm
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“Many people think estate planning means deciding what happens to your things when you die. For that reason, many young families do not consider estate planning to be a priority. However, it may be one of the most important things young parents can do!” A last will and testament is... Continue reading
Posted Sep 5, 2018 at Profit Law Firm
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“Advance care planning is making preparations and decisions about the medical care you want to receive, if you become unable to speak for yourself.” Talking with your family and your physician ahead of time about what you would want if you should become incapacitated, is a difficult but necessary conversation,... Continue reading
Posted Sep 3, 2018 at Profit Law Firm
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“The most common need of those preparing to step into retirement isn't what you think: it's confirmation that all the hard work, discipline and saving was enough.” People getting ready to retire really want to be reassured that they did a good job and were good stewards of their money,... Continue reading
Posted Aug 31, 2018 at Profit Law Firm
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“……we often receive community questions surrounding powers of attorney (POA), so we decided to take a look at some of the most common misconceptions surrounding a POA.” Most people understand the basic concept of a last will and testament: a document that directs how assets are to be distributed after... Continue reading
Posted Aug 30, 2018 at Profit Law Firm
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“It's easy to put off because it can be morbid and often doesn't kick in until late in our lives, but it's an important piece to be thinking about for those of us who want to make sure our families are provided for.” A well-prepared estate plan can help you... Continue reading
Posted Aug 29, 2018 at Profit Law Firm
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“In an attempt to take a step toward countering some of the negative impact of elder financial abuse, the government recently passed the Senior Safe Act in May 2018, as part of a bipartisan banking reform set of laws. “ Elder abuse costs millions of Americans an estimated $2.9 billion... Continue reading
Posted Aug 17, 2018 at Profit Law Firm
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“If you say “I do” a second time and have children, your partnership acquires new stakeholders—not necessarily willing ones. Adult children have expectations about how much they’ll inherit and how soon. A new spouse scrambles that calculus. When you marry, you’re entering a partnership that is emotional and financial. When... Continue reading
Posted Aug 16, 2018 at Profit Law Firm
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“Here’s one answer to the “Where to go next?” question being asked by those inching toward retirement, or those looking to escape the increasing cost of Seattle living and combine resources with a like-minded community.” For those living in high-cost areas, like Seattle, San Francisco, New York, Los Angeles and... Continue reading
Posted Aug 15, 2018 at Profit Law Firm
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“There's nothing wrong with looking forward to retirement and even planning an early exit from the workforce. However, Americans may be a bit misguided, when it comes to this particular milestone.” If you work for a living, chances are good you like to daydream about what your life will be... Continue reading
Posted Aug 14, 2018 at Profit Law Firm
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“All working Americans need retirement savings, regardless of gender. However, the need is particularly strong for women, since they have a tendency to live longer than their male counterparts. Therefore, they're also more likely to require paid care at some point—since a spouse may not be around to provide care.”... Continue reading
Posted Aug 10, 2018 at Profit Law Firm
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“A financial planner’s client was traumatized in the dentist’s chair, but it was not the drill that scared her. It was the dentist’s bad news.” The frightening news was that she needed thousands of dollars of dental work, a cost she had not anticipated when she retired a few months... Continue reading
Posted Aug 9, 2018 at Profit Law Firm
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“There still are many sound nontax reasons to revisit estate planning and possibly update your prior documents.” Even with the doubling of the individual estate gift and GST tax exemptions to about $11.2 million per person (and double the amount for married couples), you still need a will, says Forbes... Continue reading
Posted Aug 3, 2018 at Profit Law Firm
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“Even if you’re not a millionaire, you may have reached a stage where you think, It’s enough. It could even be a bit too much. A second car may sit mostly in your garage. A beloved vacation home may have transformed from a place to relax to a place to... Continue reading
Posted Aug 2, 2018 at Profit Law Firm
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“Anyone saving for retirement has probably had to decide between saving in a Roth account versus a traditional retirement account.” If you think your income in retirement will be higher than it is right now, that’s a reason to put retirement savings into a Roth IRA. However,, if you’re already... Continue reading
Posted Aug 1, 2018 at Profit Law Firm
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“Ever since his untimely death, the press and the public hasn't been able to get enough of Anthony Bourdain. His name caused another commotion this week, when his will was probated in New York.” There’s something about a rebel who lives life on his own terms that is like a... Continue reading
Posted Jul 31, 2018 at Profit Law Firm
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“There are documents pertaining to health, money, and college records, that your child can sign to give you some peace of mind. Not all of these are required, but you may want to consider if you need them or not.” There’s no end to what parents and grandparents can worry... Continue reading
Posted Jul 31, 2018 at Profit Law Firm
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When a loved one passes away, it is a good idea to get the assistance of an estate attorney, if for no other reason than to deal with all of the paperwork. The government has many things it is very particular about. However, you are not likely to notice one... Continue reading
Posted Jul 13, 2018 at Profit Law Firm