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When people think of estate planning, they often picture wills, trusts, and passing down personal assets to family. But for business owners—especially those with intellectual property, partnerships, or a growing brand—estate planning isn’t just about inheritance. It’s about protecting your life’s work. And if you think it’s only about retirement or old age, think [...]
The recent passing of Hollywood legend Gene Hackman has uncovered an unexpected and painful legal mess—one that could impact families just like yours, even if you don't have an $80 million estate. Hackman, a two-time Academy Award-winning actor known for The French Connection and Unforgiven, passed away just days after his wife, Betsy Arakawa, [...]
Liam Payne, a celebrated former member of One Direction, tragically passed away in October 2024 at the age of 31 after a fall from a hotel balcony in Buenos Aires. At the time of his death, his estate was valued at an estimated $32.2 million. However, Payne did not leave behind a will, leading [...]
Estate planning is a critical process that goes far beyond drafting a will. It requires careful strategizing to preserve, protect, and transfer your wealth while minimizing legal complications and tax liabilities. A skilled estate planning lawyer can make all the difference, ensuring your assets are safeguarded and your legacy is secure. Here’s how to [...]
Determine your needs Seek Recommendations Verify Credentials Evaluate Experience Research Reputation Schedule A Consulation Assess Communication Ensure Accessibility Finding the right estate planning attorney is essential to secure your future and protect your assets. At the Law Offices of Tony J. Tyre, we are dedicated to making this process simple and effective. Here are [...]
How Does a Personal Asset Trust Work? Why Choose a Personal Asset Trust? Secure Your Legacy Today When planning your estate, protecting your beneficiaries' inheritance is crucial. Most living trust beneficiaries receive their inheritance "outright," meaning assets are distributed directly to them. While this approach seems straightforward, it leaves the inheritance vulnerable to significant [...]
How Does Joint Tenancy Work? Pros and Cons of Joint Tenancy Disadvantages of Joint Tenancy Alternative to Joint Tenancy Many clients have questions about joint ownership of property and whether adding another individual to their property is a good way to pass down assets upon their death. While joint tenancy has its advantages, [...]
With the wildfires, our firm has received numerous questions about whether your homeowner's insurance policy should be held in the name of your living trust if the title is held in the trust. This is an important consideration when managing both home insurance and living trust details to avoid complications. A living trust is a [...]
A living trust ensures property can pass to you and other beneficiaries without the delays and expenses of probate court. However, while avoiding probate simplifies the estate distribution process, a living trust doesn’t eliminate responsibilities. As the Successor Trustee, you’ve inherited a critical role that requires careful attention, legal compliance, and dedication to fulfilling the [...]
The holidays are here, and soon, conversations will turn to New Year’s resolutions. “I’ll read more,” some will vow. Others will pledge, “I’ll work out every day,” or “I’ll finally eat healthier.” While admirable, these resolutions often lose steam by February, leaving us to repeat the cycle next year. But what if you could make [...]
