About four years ago, musician Prince Rogers Nelson died from an overdose of an addictive pain killer at the age of 57. He was beloved by the citizenry of his hometown but died without a living spouse, children, or parents. His relatives are now battling over his estate which is valued between $100 to $300 million. Administration of the estate is complicated by his failure to leave a will and personal financial records.
Help your clients avoid Prince’s problems by organizing their estates.
This article contains tips and resources to help clients organize important documents and personal information.
The Coronavirus Disease 2019 (COVID-19) pandemic has created personal uncertainty for many due to living in quarantine and apart from extended family members, and financial stress due to market volatility and the unclear future for some businesses. Yet, it may be a sensible time to engage in estate planning, not only because the pandemic has shown the importance of personal planning, but also because reduced asset values and historically low-interest rates enhance the ability to engage in cost-effective wealth transfers.
This GT Alert provides a brief overview of estate planning measures that may be considered in the current environment.
As of this writing, almost two-thirds of the Americans are working from home, a percentage that has doubled since March 2020. What will happen to those remote workers when the worst of the coronavirus emergency has passed?
Heading into 2020, the last thing most of us expected was a worldwide pandemic. Now that we are in the midst of one, business, as usual, can seem far away. There are, however, things that can be done to counter the uncertainty and mitigate the disruption.
About 2,500 years ago, Babylon’s King Nebuchadnezzar laid siege to Jerusalem, destroyed its Temple, and exiled its citizens to Babylonia. Around 60 years later, Persia’s King Cyrus conquered Babylon and allowed the expatriates to return to Jerusalem and rebuild their Temple. Restoration of the Temple was a spiritual renewal after a devastating exile. A modern-day renewal of spirits will occur as Covid-19 exiles return to their offices and rebuild their practices.
Over 140 years ago, Louis Pasteur revolutionized the treatment of infectious diseases by developing vaccines for anthrax and rabies. After his death in 1897, virologists continued using Pasteur's discoveries to create vaccines against chickenpox, measles, mumps, yellow fever, rubella, and tuberculosis.
Modern-day microbiologists are likely to use Pasteur’s principles when they develop a vaccine for the Coronavirus. Meantime, Coronavirus exiles can read this article for tips and resources to successfully work from home.
On the scale of pandemics, the novel coronavirus, commonly referred to as COVID-19, is unprecedented and ranks among one of the worst in human history, not only in terms of its virulence but in economic destruction as well.
While scientists hastily work toward developing a vaccine and antiviral drugs to combat COVID-19, world leaders in the countries afflicted by the virus have imposed strict governmental lockdowns, barred travel, closed courts, blocked tourism and employed social distancing measures in an effort to stop the rapid spread of the pathogen.
What You’ll Learn How to understand your Closing Disclosure form Why your Closing Disclosure may vary from your Loan Estimate The significance of different dates on your Closing Disclosure
A Closing Disclosure is a five to six-page form that provides final details about the mortgage loan you have selected, including the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).