Practice Areas
- Medicaid
- Living Trusts
- Estate Administration and Probate
- Asset Protection
- Veterans Benefits
- Special Needs Trust
News
- $6.4 million fine for companies guilty of scamming seniors with pricey legal plans...
Posted on 10/22/2009 - Preparing a living trust for your children? Don’t forget to name a guardian...
Posted on 9/30/2009 - An unusual type of trust is becoming popular...
Posted on 8/31/2009 - Can you make your trust a beneficiary of your IRA?...
Posted on 8/31/2009 - Financial elder abuse cases on the rise as economy continues to struggle...
Posted on 7/29/2009
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Living Trusts
- What is the difference between a will and a trust?
- Lessons On Probate and the Benefit of a Trust From Michael Jackson's Estate Distribution
- Myths about Revocable Living Trusts, Lawyers and Estate Planning. You want the best Elder Law Attorney and Estate Planning Attorney on your side. Call us for a FREE consultation at (800) 879 0984
- Is your living trust complete?
- Living Trust Overview
Lessons On Probate and the Benefit of a Trust From Michael Jackson's Estate Distribution
While there was little he could do to surprise anyone given his past eccentricities, when Michael Jackson died suddenly, it caught the world off guard. The good news is that Jackson had a trust, the Michael Jackson Family Trust. A trust keeps affairs private and outside of the probate court — at least 
when it’s used properly. In Jackson’s case, however, he didn’t transfer his assets into the trust and as a result, his estate went through the very public court process. The general public learned about all of the fighting going on in Jackson’s estate as well as financial information, such as his mother’s monthly grooming expenses of $1,000 and his family’s monthly allowance of $86,000.
*Tip: A trust, unlike a will, can avoid the probate court process when used properly. By not transferring assets into your trust, however, you undermine some of the key benefits of a trust — privacy, avoiding probate court and decreasing the chances of a family fight. (Photo © Getty Images)
Click here if you need to begin an Estate Plan or review the one you currently have and want to schedule a FREE consultation with experienced, Pennsylvania Estate Planning Lawyers, local Pittsburgh Elder Law Attorneys, Jim Shields and Tom Boris.
This report is designed to inform families with special needs children about the various kinds of estate plans, suggest the advantages and disadvantages of each, and assist you in identifying the kind of information to gather and share with your lawyer and financial planner.
Call us at 1 800 879 0984 to begin your planning, and gain your peace of mind.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
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