Many clients come to us not know what is a part of their estate.
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While it seems like a simple concept, often it is complicated.
So, what is an estate?
For purposes of estate planning, your estate is everything you owns, less all debts that you owe.
Your estate might include:Your car
your home
Other real estate
bank accounts
Investments
Furniture
Personal possessions
and more.When meeting with clients, we…
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How a Knoxville delivery boy built one of the world’s most respected newspapers
Former New York Times publisher Adolph Ochs was considered a journalism trailblazer in wanting to cover news stories objectively at a time when newspapers were known for often being full of partisan political stories.
But there was bit of partisan pride, at least, as several Knoxville citizens recently commemorated the important role Knoxville played in Ochs’ newspaper career.
It was here that he got printer’s ink in his blood, as they say, so on Thursday, Sept. 29, a historical plaque honoring him was unveiled by the Society of Professional Journalists. It hangs on the northeast corner of Market Square alongside…
Sales of iconic Hudson’s Bay blankets will now support fund for Indigenous initiatives
An iconic but controversial symbol of Canadian history and colonialism may soon be seen as a gesture of reconciliation.
The Hudson’s Bay Foundation and the Gord Downie & Chanie Wenjack Fund have announced that from now on, 100 per cent of the net proceeds from the sale of HBC’s famed striped wool blankets will provide support for Indigenous cultural, artistic and educational activities through a newly launched initiative called Oshki Wupoowane — The Blanket Fund.
“We will never make profit from this blanket again. All the profits will go back to the Indigenous peoples,” Iain Nairn, president and CEO of…
What is an Irrevocable Trust?
A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future.
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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.
A…
The Dangers of the EHR
Electronic Health Records can be an incredibly helpful tool. However, they are not without fault. A recent warning highlights that electronic health records (EHRs) are a top target of cybercriminals. They can also lead to inappropriate billing if they are not set up correctly.
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The Health Sector Cybersecurity Coordination Center (HC3) issued a warning to healthcare entities regarding EHR vulnerabilities and protections.
Protected health information (PHI) continues to hold its value…
New Baby? Time to Update Your Estate Plan
We often have clients ask us when the best time to do their estate plan is and the answer is usually, right now! This is especially true for people turning 18 years old, people who don’t have a plan, and people who have had recent life changes.
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One event that should trigger you to meet with an estate planning attorney is a new baby. When you are expanding your family, that…
S. Korea requests Interpol’s help in Terraform Labs probe – Business News
Interpol called in on probe
Kim Tong-hyung, The Associated Press – Sep 20, 2022 / 6:55 am | Story: 386009Photo: The Canadian PressSouth Korean prosecutors have asked Interpol to issue a fugitive alert for the founder of Terraform Labs as they investigate a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world.
The Seoul Southern District Prosecutors’ Office asked Interpol on Monday to circulate the “red notice” for Do Kwon across the agency’s 195 member nations to find and apprehend him.
A South Korean court recently issued arrest warrants for Kwon and five…
Remarriage and Estate Planning – Rickard & Associates
If you are getting remarried, it is essential to understand your spouse’s inheritance rights.
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Before you get married for a second or third time, you want to be aware of the rights your spouse will have to your estate and vice versa.
You may want to work with an attorney to draft a prenuptial agreement, prior to exchanging vows.
Then, you want to be familiar with the intestacy laws in your…
