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Estate planning that involves blended families

On behalf of Mockensturm Limited | May 3, 2019 | Probate And Estate Planning

Wills, trusts and estate plans come in all different shapes and sizes. Some will be straightforward because there is a single beneficiary, but these days estate plans will often need to consider children, stepchildren and a second (or third) wife. It can even get more...

Tom Petty’s family fights over his estate

On behalf of Mockensturm Limited | Apr 9, 2019 | Probate And Estate Planning

Millions of music fans mourned the loss of Tom Petty when he unexpectedly died in 2017. The Rock and Roll Hall of Famer left behind a sizable estate to his wife and two daughters that was set up as a trust. However, the wife of 16 years and grown daughters from a...

Leaving a bequest to a pet

On behalf of Mockensturm Limited | Mar 6, 2019 | Probate And Estate Planning

Fashion designer Karl Lagerfeld is famous for his influential work over a long and storied career before dying on February 19 at age 85. He continues to make news from the grave with an extravagant but not surprising bequest to his Birman cat, Choupette, of a portion...

Mediating disagreements about what to do with property

On behalf of Mockensturm Limited | Feb 25, 2019 | Probate And Estate Planning

Siblings may have been raised in the same family, but they rarely have the same financial issues when inheriting money unless there is a trust that manages the estate. The more common scenario is for brothers and sisters to inherent the family home and/or other...

Baseball player’s estate caught in limbo

On behalf of Mockensturm Limited | Feb 13, 2019 | Probate And Estate Planning

Many will remember the tragic death of Kansas City Royals pitcher Yordano Ventura, who died January 22, 2017 in a single-car crash. While contracts are an important part of professional sports, or any job for that matter, some will be surprised to note that the Royals...

The advantages of generation skipping trusts

On behalf of Mockensturm Limited | Jan 4, 2019 | Probate And Estate Planning

Sometimes it makes more sense to set up a generation skipping trust, particularly if the objective is to reduce the size of tax obligation among family members. This trust does this by directly placing assets with grandchildren and future generations rather than...

The advantages of a Roth IRA

On behalf of Mockensturm Limited | Dec 27, 2018 | Probate And Estate Planning

Many of us have heard the term “Roth IRA” and may even understand that it is a good way to avoid paying unnecessary taxes or avoiding probate. Needless to say, many out there believe that there is a lot to like about this estate-planning tool.Some basics...

Knowing when and how to contest a will in probate

On behalf of Mockensturm Limited | Dec 5, 2018 | Probate And Estate Planning

Thinking about contesting a will during probate is a fairly common part of the process for many. Of course, the standing of the objecting party will have a lot of bearing on the matter with children of the decadent ranking much higher than a distant cousin once...

Estate planning and special assets

On behalf of Mockensturm Limited | Nov 26, 2018 | Probate And Estate Planning

The internet has made it easier to sell or determine the value of collectable objects. Nevertheless, families may have no idea what the value of some old stamps, rare books, comic books or even that vintage car. Perhaps a parent was a little self-conscious about how...

A good will avoids fights later

On behalf of Mockensturm Limited | Oct 5, 2018 | Probate And Estate Planning

The death of a parent or loved one can be a hard and deeply emotional experience. Moreover, it becomes more complicated if there is no will, or one that is poorly written. Experts always advise people to put some real thought into a will and work with an estate law...

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