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Following the passing of music legend Aretha Franklin, news surfaced the “Queen of Soul” did not have a will. Music icon Prince also didn’t have a will at the time of his death.How important is it to have a will?Certified financial planner Jonathan Duong says everyone should have a will, no matter your age or financial status."Even if you don't have kids, as long as your situation includes some level of basic complexity where you have different types of assets, then absolutely, a will is going to be a proper document at a minimum to have in place," says Duong. For those who only have assets like a 401k or a life insurance policy that has a designated beneficiary built in, a will might not be necessary. “But for many other things, there is no legal way to control where that asset goes without a will," explains Duong. Getting a will often times entails hiring an attorney and can cost nearly ,000, but Duong says you don’t need to spend that much to have a proper will. "Typically, their employer--if their employed with a larger company or a public organization--may offer a legal plan, within their employee benefits," says Duong. There are also online resources like willed.com or doyourownwill.com that will help you create one for less than 0. 1301
Forget the diamond, the most intense Major League baseball smack talk is happening on Twitter.Especially when it comes to the Milwaukee Brewers needling their rivals. After several teams canceled Sunday’s games because of snowy conditions, the Brewers posted a photo of Miller Park with the caption, “Not having a roof on your home sounds miserable in this weather.” 384
Former Donald Trump campaign official Rick Gates pleaded guilty Friday to two criminal charges in special counsel Robert Mueller's wide-ranging investigation of Russian meddling in the 2016 presidential campaign and related activities.Gates is now the third Trump associate known to be working with Mueller's investigation, and his plea deal will put the spotlight on former Trump campaign chairman Paul Manafort.Prosecutors are trying to pressure Manafort to speak with prosecutors about what he knows, particularly about the campaign.Gates was Manafort's right-hand man for a decade, was privy to most, if not all, of Manafort's activities during the campaign and stayed in the Trump orbit after Manafort's exit. Manafort has pleaded not guilty to all charges against him.In Friday's hearing, Gates told a federal judge that he understood his potential sentence depended on his cooperation with prosecutors on the charges: conspiracy to commit to defraud the United States and making false statements.Gates, bearded and wearing a blue suit, tie and cuff links, listened to the judge read the offenses he is agreeing to plead guilty to and the possibility of being sentenced to up to 57 to 71 months in prison. He said "Yes, your honor" repeatedly as Judge Amy Berman Jackson read the court documents.Thursday, prosecutors described a "scheme" in which the two longtime business partners allegedly laundered million, failed to pay taxes for almost 10 years and used real estate they owned to fraudulently secure more than million in loans.Gates said that despite his "initial desire to vigorously defend myself," he has had a "change of heart" in order to protect his family, according to a letter sent to his family and friends, obtained by CNN from a Gates friend."The reality of how long this legal process will likely take, the cost, and the circus-like atmosphere of an anticipated trial are too much," Gates wrote. "I will better serve my family moving forward by exiting this process."He wrote that it was "difficult decision" to make, but that ensuring his family's "well-being is first and foremost.""The consequence is the public humiliation, which at this moment seems like a small price to pay for what our children would have to endure otherwise," he said.Last Friday, the special counsel produced grand jury indictments for 13 Russian nationals, accusing them of operating a misinformation campaign to hurt Hillary Clinton's presidential effort.In a statement, Manafort maintained his innocence."Notwithstanding that Rick Gates pled today, I continue to maintain my innocence. I had hoped and expected my business colleague would have had the strength to continue the battle to prove our innocence," Manafort said. "For reasons yet to surface he chose to do otherwise. This does not alter my commitment to defend myself against the untrue piled up charges contained in the indictments against me." Plea in motion for weeks 2958
FLAGSTAFF — Steven Jones has pleaded guilty to manslaughter and three counts of aggravated assault in a 2015 deadly shooting in Flagstaff.As part of the agreement, Jones will be sentenced to between 5 and ten years in prison. He must serve at least 85 percent of the time.Steven Jones, a Northern Arizona University student at the time, opened fire on the group of people in 2015 after he says he was attacked over a small prank between two rival fraternities.The fight started after Jones and two pledges from his fraternity carried out a prank by ringing the doorbell of an apartment and running away. The prank set off a fight between Jones and students in the apartment from a rival fraternity, and Jones got punched in the face.RELATED: Body camera video reveals chaos of NAU shootingSan Diego native shot at Arizona college is homeJones admitted to shooting and killing Colin Brough but told police he did it out of self-defense. The prosecutors, however, said that Jones could have left the area and did not need to resort to using a weapon.Jones had said he went back toward the group and fired his gun, but he didn't mean to hurt anyone. He testified he fired several shots "to stop the immediate threat that was coming at me."The case originally went to a jury but was declared a mistrial in 2017 because a unanimous verdict couldn’t be released.Family of the victims in the shooting have reportedly agreed to the plea deal as well. A sentencing hearing is set for February 11. 1495
Financial infidelity happens all the time, but tax pros say there are a few ways to protect yourself at tax time if you think your spouse is hiding something. 166