Posts Tagged Trusts


WHAT DOES A TRUSTEE OF A LIVING TRUST DO?

Explanation of a Living Trust Let’s say you own a diamond ring, a house, a cat, furniture, and a bank account with $20,000.00. At law, there are 2 elements of ownership. There is the legal ownership and there is the beneficial ownership of any property (a “property” here means personal property and real estate). In […]

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Michael Jackson Estate|Poor Estate Planning Freezes Assets

Michael Jackson died a rich man. But, three years later, his children have yet to see a dime of their father’s estate. Instead, litigation has swirled around the estate, costing millions in legal and other fees. More than three years after the death of Michael Jackson, the trust fund for his children, Prince, Paris, and […]

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