Pat Summitt wills all personal property to son Tyler

Pat Summitt’s last will and testament didn’t spread the property of the Tennessee women’s basketball coaching legend.Summitt gave all of her “tangible personal property” to her only son, Tyler. A copy of the will was obtained by the Knoxville News Sentinel of the USA TODAY Read More …

The Pros and Cons of a Special Needs Trust: Ensuring Your Child’s Future

A child’s financial future is daunting enough but adding in a child’s special needs can create additional anxiety.  Parents often wonder who will care for the child and how the child’s needs will be met once they the parents are no longer around. Often times, Read More …

5 Estate Planning Strategies to Keep Your Money in the Family

The inheritance you leave could still be eaten away by taxes and expenses. Here are five strategies to avoid that.If you’re single, you can have up to $5.45 million in assets before your heirs have to worry about paying a penny in estate taxes. Knowing Read More …

5 Things Prince’s Family, And You, Should Know About Estate Planning

Millions mourned the loss of Prince, but those of us in the financial field were astounded when Prince’s sister filed documents indicating that he never executed a will. Prince had a reputation in the legal world of being very hands on in his legal affairs. Read More …

How to Draw Up a Special Needs Trust for a Child With Disabilities

Who will be the trustee? Because the rules of managing a trust are so complex, most lawyers advise contracting with an expert. Fees average 1 to 1.5 percent, Williams says.   Will a family member act as co-trustee or guardian? This option lets a family Read More …

No, You Don’t Have to Disinherit a Child With Special Needs

Over the past 20 years, the number of students with disabilities has increased at a faster rate than both the general population and school enrollment. In 2010, approximately 2.8 million school-age children were reported to have a disability. (The Individuals with Disabilities Education Act (IDEA) Read More …