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Big Estate Planning Mistakes Many People Make (But Can Easily Be Avoided)

Properly organizing your financial and personal assets, planning for disability, and leaving your legacy should be is the central goals of estate planning. It is important the focus stays on your personal goals and making the transition smoother for your loved ones. Unfortunately, many people who opt to “go it alone” and not consult with an estate planning attorney, make some bad (and totally preventable) mistakes that adversely affect their estate plans. Below are three common estate planning mistakes that occur, unfortunately, far too often: 1. Never taking the time to even come up with an estate plan. This one really...

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The Estate of Philip Seymour Hoffman – A Looming Legal Battle?

After starring in many blockbuster films, including Mission Impossible III and The Hunger Games: Catching Fire, Philip Seymour Hoffman amassed a net worth of roughly $35 million dollar, according to breathecast.com. The question now is - where will that money will go? Hoffman was not married, but did have a longstanding relationship with a girlfriend. Hoffman also had three children.We don’t know, as of the date of this posting, whether Hoffman had a will or any trust instrument set up for his family. If Hoffman died intestate (i.e. without a will), his estate will be distributed by the laws of intestate succession....

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