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Legendary Rapper DMX Dies With No Will, Millions in Debt, and 15 Children—Part 2
Legendary Rapper DMX Dies With No Will, Millions in Debt, and 15 Children—Part 2

As I reported last week in part one, although DMX was wildly successful in both music and movies, the rap icon experienced serious legal and financial problems, along with frequent issues with drug addiction throughout his career. Having fathered 15 children with nine different women, DMX’s money issues largely stemmed from unpaid child support, but he also failed to pay income taxes, and both of these issues would land the rapper in prison and rehab on more than one occasion. This week, I will explore the details of how DMX’s legacy and wealth are at risk of being lost.

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Timothy Scottestate plan, estate planning, health care directive, children, celebrity, DMX, medical power of attorney, living will, incapacity, incapacity planning, power of attorney
Legendary Rapper DMX Dies With No Will, Millions in Debt, and 15 Children—Part 1
Legendary Rapper DMX Dies With No Will, Millions in Debt, and 15 Children—Part 1

This week, I explore the lessons uncovered from legendary hip hop artist DMX’s failure to create an estate plan. He left behind an estate that is millions of dollars in debt and 15 children who are in conflict over his estate and with each other.

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Timothy Scottestate plan, estate planning, celebrity, DMX, health, health care directive, living will, will, probate, child support, children
Don't Forget To Protect Your Furry Family: Estate Planning For Your Pets
Don't Forget To Protect Your Furry Family: Estate Planning For Your Pets

It’s sad but true that many pets end up in shelters after their owner dies or becomes incapacitated. In fact, the Humane Society estimates that between 100,00 to 500,000 pets are placed in shelters each year for exactly this reason, and a large number of these animals are ultimately euthanized. In light of this cold reality, I’ll detail how you can use estate planning to ensure your pets receive the best possible care when you’re no longer able to care for them yourself.

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Timothy Scottpet, trust, trustee, pet trust, family, estate plan, estate planning
Everything You Need to Know About Including Digital Assets In Your Estate Plan —Part 2
Everything You Need to Know About Including Digital Assets In Your Estate Plan —Part 2

Recent advances in digital technology have made many aspects of our lives exponentially easier and more convenient. But at the same time, digital technology has also created some serious complications when it comes to estate planning. In fact, if you haven’t properly addressed your digital assets in your estate plan, there’s a good chance that most of those assets will be lost forever when you die.

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Timothy Scottestate plan, estate planning, digital assets, digital, inventory, assets, asset protection
Everything You Need to Know About Including Digital Assets In Your Estate Plan—Part 1
Everything You Need to Know About Including Digital Assets In Your Estate Plan—Part 1

Recent advances in digital technology have made many aspects of our lives exponentially easier and more convenient. But at the same time, digital technology has also created some serious complications when it comes to estate planning. In fact, if you haven’t properly addressed your digital assets in your estate plan, there’s a good chance that most of those assets will be lost forever when you die.

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Timothy Scottestate plan, estate planning, digital assets, digital, assets, asset protection, unclaimed assets