As the founder of News Corporation, Murdoch built a global empire, which includes influential media outlets, like The Wall Street Journal and Fox News. However, his succession planning—or lack thereof—has been rife with controversy and challenges.
Inheriting a business can provide financial opportunity and family legacy. However, it also comes with significant responsibilities and potential challenges.
Piecemeal estate planning, where wills, trusts, insurance policies and other instruments are created in isolation, often leads to conflicts and inefficiencies.
The heartbreaking story of a retired therapist who lost nearly $600,000 to an elaborate scam underscores the need for asset protection strategies to safeguard seniors from increasingly sophisticated financial fraud schemes.
This is the perfect time to get an estate plan in place, or if you have one already, to make sure your plan is updated for changes in the law and that it reflects your current intentions.
