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No Inheritance Tax for King Charles III

King Charles III has ascended to the U.K. throne, but he won't have to pay the U.K.'s inheritance tax on the massive wealth he inherits from his late mother, Queen Elizabeth II. That's because of a deal the royals made with the government nearly 30 years ago.
10/12/22 • by: Law Office of Michelle Adams
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Ask Mom if She has a Will

My mother told me many times over the years that she had a will, and I believed her. When she passed away, we discovered that her will was 40 years old—and completely useless.
10/12/22 • by: Law Office of Michelle Adams
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What Do People Think About Government-Paid Long-Term Care?

A majority of adults are in favor of policies subsidizing some long-term healthcare costs, with support coming from both Democrats and Republicans.
10/05/22 • by: Law Office of Michelle Adams
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The Difference between Revocable and Irrevocable Trust

A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
10/05/22 • by: Law Office of Michelle Adams
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Who Inherits Queen Elizabeth II’s Fortune?

Is Prince Charles III the sole heir of Queen Elizabeth’s fortune?
10/05/22 • by: Law Office of Michelle Adams
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Problems Created When No Will Is Available

People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.
10/05/22 • by: Law Office of Michelle Adams
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How Not to Build a Family Football Dynasty

A decade before his death, the billionaire owner of the Denver Broncos consulted with attorneys about the orderly handover of the team after his death. He crafted a carefully delineated trust that his hand-picked trustees would oversee.
10/05/22 • by: Law Office of Michelle Adams
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There are Less Restrictive Alternatives than Guardianship

Although laws vary from state to state, every state requires that less restrictive alternatives be considered before invoking a guardianship. These might include such vehicles as limited guardianships, powers of attorney or assisted decision-making agreements.
09/28/22 • by: Law Office of Michelle Adams
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What’s a ‘Pot Trust’?

A pot trust, also referred to as a discretionary, sprinkling or common pot trust, is a type of trust that can be used by families to pass on assets. With this type of trust, minor children serve as beneficiaries with a trustee that oversees the management of trust assets. The trustee has discretionary power to decide how the trust funds are used to pay for the care and needs of beneficiaries.
09/28/22 • by: Law Office of Michelle Adams
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What Is a QTIP Trust?

A qualified terminable interest property (QTIP) trust allows an individual, called the grantor, to leave assets for a surviving spouse and determine how the trust's assets are split up after the surviving spouse dies.
09/28/22 • by: Law Office of Michelle Adams
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