When multimillionaire Alan Lorenz passed away in 2021, he left behind a legacy built on hard work, grit, and an unexpected career shift—from divorce attorney to a top executive in the health and wellness industry. But one thing he didn’t leave behind? A clear, airtight estate plan. And that’s where the drama began. Lorenz’s story…
Picture this: A successful TV producer passes away, leaving behind a $29 million fortune, a sprawling estate, and a tangled web of relationships. What could go wrong? Oh, everything. This isn’t a Netflix drama. It’s the true story of Justin Bodle—the media mogul behind The Muppet Show’s British debut. When he died, his 2013 will…
When people think about estate planning, they usually think about wills and trusts—not obscure tax laws. But let us introduce you to one you should care about: the step-up in basis. There’s been talk in Washington about eliminating it, and if that happens? Families could face massive tax bills on inherited property. Like, “sell Grandma’s…
Everyone’s buzzing about “The Great Wealth Transfer”—a jaw-dropping $84 trillion projected to change hands between generations over the next 20 years. Sounds like champagne and private islands, right? Not so fast. Here’s the catch: most Americans still don’t have an estate plan. That means a giant chunk of that money could vanish into legal fees,…
