SCHEDULE ONLINE
Home Who We Are How We Work Services How to Get Started Guardian Guideā„¢ Freebies Blog WORKSHOPS Login

Articles

A Not-So-Happy Accident: Bob Ross's Estate Planning Failures Leave His Son With Next To Nothing - Part 1

 As the host of the wildly popular The Joy of Painting TV series on PBS, Bob Ross became a pop-culture icon, who was equally famous for his giant head of hair, soothing baritone voice, and folksy demeanor as he was for his iconic landscape paintings. And like so many other artists, Bob’s artwork and image would become even more popular following Bob’s death in 1995.

Bob’s philosophy in both painting and life was that there “were no mistakes in life… just happy little accidents.” Sadly, as detailed in the recent Netflix documentary Bob Ross: Happy Accidents, Betrayal & Greed, Bob’s failure to coordinate his business agreements with his estate plan was anything but happy, leaving his only son largely unable to benefit from his father’s fame and fortune.

As we’ll discuss in this series, Bob’s planning failures have led to an ugly court battle between his former business partners and his family, who were fighting for...

Continue Reading...

3 Estate Planning Issues For LGBTQ Couplesā€”Part 2

 3 Estate Planning Issues For LGBTQ Couples—Part 2

 

Whether you are married, in a committed partnership, or buying homes with chosen family (platonic or otherwise), estate planning is about much more than planning for death—it's about planning for life. It's the way to ensure your beloved will be protected and provided for in the event of your death or incapacity. As members of the LGBTQIA+ community, it's more important for us and our families to get a handle on our estates than anyone. 

 

Although marriage equality (for the LGBTQIA+ community) is legally recognized in all 50 states, long-held prejudice at both the political and family level continues to create complications for both married and unmarried queer families. For example, suppose you have family members who are opposed to your marriage/chosen family living situations. In that case, your estate plan may be more likely to be disputed or even sabotaged by unsupportive relatives. This...

Continue Reading...

4 Tips For Talking About Estate Planning With Your Family Over the Holidays

Vacations and Holidays Are the Perfect Time for Families to Talk About Estate Planning

If you are spending the upcoming holiday with older family members, this is actually a great opportunity to talk about planning with them. While there are few “perfect” times to talk with parents about their estate plan, the relaxed times you spend together on vacation or downtime during the holidays can be one of them. You have the benefit of having everyone together sitting down in one place. So take advantage of that!

Here are some tips on how to bring up this critical conversation:

Find a good place to start.

One of the best ways to ease your parents into a financial discussion is to bring up your own.  Tell your parents that you were looking into your own estate plan and wondering if they had already executed their own.  You can let them know that you have learned that the different types of plans require very different levels of effort from the executor and cost from...

Continue Reading...

Avoid These 2 Common Causes for Dispute Over Your Estate Plan ā€” Part 1

Let's be honest, most families have disagreements, disputes, or just plain drama even in the best of times, so when you're considering what will happen to your estate when you die or if you become incapacitated, why leave it up to chance? This quick read can help you avoid uncomfortable family dynamics even if you're not around to play peacemaker. 

No one wants to believe their family would ever end up battling one another in court over inheritance issues or a loved one’s life-saving medical treatment, but we see it all the time. This is especially true for those who rely on do-it-yourself estate planning documents found online. (You may think that most lawyers would try to convince you to do otherwise, but did you know that many lawyers actually love those online platforms?? Estate administration is a very lucrative hourly billing model, and the worse the documents, the more it costs your family to fix after you die! I would rather you get the guidance to do it...

Continue Reading...
1 2
Close

50% Complete

Minnesota Parents' Night Out!

It's time to take a break & enjoy a night out! Join us for the perfect combination of entertainment & education.