Russ Cook & Associates, PC
615-200-9117

December 2016 Archives

You can create a trust to manage your adult child's inheritance

As a parent, you want to provide for your child, even when he or she is an adult. When creating an estate plan, it is important to analyze your child's strengths and weaknesses, and take a long hard look at your child's ability to manage money. If you have a large estate and your son or daughter has an unhealthy relationship with spending, establishing a trust may be in your family's best interest.

How entertainers can benefit from estate planning

Celebrities and entertainers are often their own primary source of income. They are the brand. Superstars like Prince and Jerry Garcia had to step out on stage for there to be a concert and their creative genius paved the way for new music. When an entertainer passes, what's left behind is a legacy, body of work, and accumulated assets that can be left to family and loved ones.

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