Lollo Legacy Law, PLLC

04/23/2024

"What if Your Life Insurance Beneficiary Predeceases You?"
This seems to be a recurring question from clients so I thought I would take some time to put together a synopsis of the topic.

09/19/2023

07/11/2023

Make sure your legacy is NOT family members arguing against one another in court for five years due to leaving a handwritten will in the couch. Her estate is burdened with taxes and debt that all could have been avoided with a well documented will or trust. It’s very simple to set up. Call us today.

“Aretha died without a formal estate plan. She left four sons, one of whom is special needs and has a legal guardian. All four sons agreed to a writing she left in 2010 as her valid will. Now, this new writing found under her couch cushions (modern document storage) pitted the sons against each other 2vs.2, where the new writing provides that a different son should be in charge of her estate. A heated legal battle ensued and is now complete to the probate moving forward (which will take 1-2yrs.). She left behind an approx. $400M estate and no spouse.

Estate tax estimated at over $100M that all could have been avoided with a trust!”

The saga continues...


https://www.bbc.com/news/world-us-canada-66170679?at_link_type=web_link&at_ptr_name=facebook_page&at_campaign_type=owned&at_format=link&at_link_origin=BBC_News&at_medium=social&at_campaign=Social_Flow&at_link_id=C0815A82-2026-11EE-8264-10CDFF7C7F44&at_bbc_team=editorial&fbclid=IwAR0mdPrU3PUXvRytxz8abVIf8ZLM_2oZsghz_BC38aZvOdyDp8YR8aqxJfI_aem_ARgRNjA6uVpRr6zeIcce4DSe8D4IBsbDXywI1A0uHR66r47EWwQdIWWAA3GVpzXa6ys&mibextid=Zxz2cZ

A jury rules that a handwritten document found in Aretha Franklin's couch is a valid will to her estate.

07/07/2023

Attention Parents! 🎓

Is your child heading off to college soon? As they embark on this exciting journey, remember the importance of having a Power of Attorney in place.

With the new privacy laws, once a child reaches 18 years of age, they are legally permitted to make important financial and health care decisions for themselves. This is great! But…we all know unforeseen accidents happen and circumstances arise when a parent or important person may need to step in to make decisions for a child. However, without a power of attorney in place, parents have no right to advocate for their children. If your child becomes incapacitated, studies abroad, gets hurt, and has not signed powers of attorney, you will have to obtain guardianship to handle their affairs. This can be a complex and expensive court process. Power of attorney forms eliminates this concern.

Why is it important for college students?
✅ Emergency Situations: In unforeseen circumstances, such as accidents or medical emergencies, having a power of attorney in place allows you to make timely decisions and advocate for your child's best interests.
✅ Financial Matters: Manage your child's finances, access bank accounts, pay bills, file taxes, or handle any legal matters that may arise while they focus on their studies.
✅ Legal Support: With a power of attorney, you can help your child with legal matters, such as signing important documents, leases, or contracts, if required.

Contact us today and we will guide you through the legal process and ensure your child's future is secure.

And the best part…all of this can be handled over the phone and online!

Invest in their future with peace of mind!