March 3, 2023 |
Estate Planning Mistakes of Lisa Marie Presley
Lisa Marie Presley is the daughter of music legend Elvis Presley and has inherited his fortune, estimated to be worth around $71 million. However, despite ...
Learn MoreEstate Planning Mistakes of Lisa Marie Presley
Lisa Marie Presley is the daughter of music legend Elvis Presley and has inherited his fortune, estimated to be worth around $71 million. However, despite her wealth, Presley has made some estate planning mistakes that have led to a complicated and public legal battle.
One of Presley’s main mistakes was failing to regularly update her estate plan. In 2012, she had a comprehensive estate plan prepared, but did not update it despite major changes in her life, such as divorces and the birth of two children. As a result, when Presley passed away in 2023, her estate plan did not reflect her current wishes and family circumstances.
Another mistake made by Presley was not properly funding her trust. She established a trust, but failed to transfer her assets into it. This meant that her assets did not pass through the trust, and instead were subject to the probate process, which is costly and time-consuming. Additionally, this meant that her assets were not protected from creditors or other legal claims.
Schedule a meeting with a member of our advisory team
Author: Raymund Rasco
March 2, 2023 |
Using a Financial Advisor vs Managing your own investments
Managing your investments can be a daunting task, particularly if you lack the necessary knowledge and experience. While many people believe they can handle their ...
Learn MoreFebruary 27, 2023 |
The Benefits of having your Estate Planner and Financial Advisor as one
Estate planning and financial advising are two critical aspects of managing your finances and preparing for the future. While they may seem like two separate ...
Learn MoreFebruary 24, 2023 |
How to Work with an Investment Professional
Understanding various tips for most Effectively. Coordinating with your investment professional can keep you on track, and help you select the right person, to begin ...
Learn MoreFebruary 22, 2023 |
Why Does it Make Sense to Outsource Financial Planning?
Outsourcing financial planning can seem overwhelming, particularly if you are concerned about making sure that your individual goals are protected in full. However, there are ...
Learn MoreFebruary 21, 2023 |
What Does it Mean to Diversify Your Portfolio?
Have you ever heard the saying, “Don’t put all your eggs in one basket.” This applies to diversification of your investment portfolio. Asset allocation is ...
Learn MoreFebruary 16, 2023 |
What Are ETF Investments?
If you are interested in diversifying your portfolio, this is an important step toward developing a comprehensive financial strategy. You may be interested in making ...
Learn MoreFebruary 15, 2023 |
New Study Finds Investors Think About ESG Differently Depending on Performance
The increase in demand for socially responsible investing has been documented in numerous studies in recent years. However, a new study found that ESG investing ...
Learn MoreFebruary 13, 2023 |
When is it Time to Consider Changing Investment Strategies?
If you’re thinking about selling or buying an investment, it’s important to walk yourself through a traditional process to determine whether or not it really ...
Learn MoreFebruary 10, 2023 |
Difference between DNR, DNI, living will, advanced health care directive and POLST forms
Towards the end of life, or even just anticipating he said in healthcare situations – the documents that apply at certain times and accomplish different ...
Learn MoreSchedule your free Exploratory phone call
Click here to see how we
can be of assistance.
Payment Portal
for Tax and Accounting invoice
This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.
Our Social Media
Connect with us on Social Media using the following buttons:
Visit our Podcasts
Listen in, Join the Conversation!
Recent Posts
Q4 2026 Market Outlook: What a More Hawkish Federal Reserve Means for Investors
Explore the Q4 2026 market outlook and how a more hawkish Federal Reserve may affect interest rates, stocks, bonds, business owners, and long-term wealth planning. ...
Retirement Planning Is More Than Saving: Building a Strategy for Your Next Chapter
Explore retirement planning strategies for business owners and families, including retirement income, taxes, investments, healthcare, and legacy planning. Retirement Planning Begins With a Bigger Question ...
Tax Planning for Jewelry Business Owners: Entity Structure, Inventory Valuation, and Year-End Opportunities
Explore tax planning considerations for jewelry business owners, including LLC and S corporation structures, diamond inventory valuation, and year-end decisions. When Business Success Creates More ...
