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Celebrity attorney Precious Anderson knows her clients want quick, painless solutions for their small to mid-sized business problems. The Anderson Firm can assist you with business, entertainment, family, estate planning, or personal matters.

In this blog post, we discuss whether or not you need a will or trust for your estate plan. We also highlight if you can (and should) file for divorce by yourself.
 

Why Do I Need a Living Trust Or Will?

Living trusts and wills share a few characteristics, but they are two distinct estate planning tools. Many individuals have preconceived notions that trusts are only for the rich and famous, but every single person needs a will.

The Anderson Law Firm blog lays out the key differences between these estate planning documents so you might come away with a better understanding of each.
 
Similarities Between a Will and a Trust

Both wills and trusts can distribute assets of the estate planner. The creator of a will is known as a testator, while a trust's creator is referred to as a grantor. Read more
 
What a Will Can Do that a Trust Cannot Do:

If you have minor children, you are able to name a guardian for your kids in the event something happens to both parents. Read more
 
What a Trust Can Do that a Will Cannot Do:

Assets in a living trust do not have to pass through probate court after the grantor becomes incapacitated or passes away. Read more
 
Conclusion

While the benefits of both wills and living trusts are numerous, there is plenty we did not cover in this blog. For example, many estate planners choose to use both wills and living trusts in tandem to meet their goals. You need to consult with an experienced and knowledgeable attorney to determine which estate planning documents you need.

The Anderson Firm is committed to our clients and goes the extra mile to understand their situations in order to provide premium legal services. Reach out to us soon to book your consultation.

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hello@theandersonfirm.com

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Remember the hackers who attacked a New York City law firm that represents bold name celebrities and pro athletes?

The hacker group, which calls itself REvil, hacked into the computer network at the prestigious law firm owned by Allen Grubman earlier this year.

They threatened to leak dirt on celebrities and politicians, such as President Trump, if they didn't receive ransom money by a certain date.

Zhong Zhi/Getty Images

Well, the ransom wasn't paid, so the group posted a new message on the dark Web saying it will "auction" off the dirt it allegedly has on LeBron James, Nicki Minaj and Mariah Carey, and others starting at $600,000 per star.

Prince Williams/ATLPics.net

The group also threatened to auction off information on the Democratic Party, Sean Combs's Bad Boy Records and other companies for $1 million per company.

The group claims to have information pertaining to the Democrats bribing celebrities and sexual harassment by top politicians.

The group wrote: "Bribery celebrity's [sic] by the Democratical [sic] party, sexual harassment by top politicians, envy of celebrity’s for each other ... all of that is waiting for you in files of Grubman company."

It isn't clear which media outlet or blog has that kind of cash in today's economy to pay for dirt on washed up rappers (Nicki) and pro athletes who are nearing retirement (LeBron).

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Celebrities and pro athletes are sweating bricks after a prestigious law firm that represents them was hacked and their personal data was compromised.

The hackers threaten to release the personal data to the public if $21 million ransom isn't paid very soon.

Hackers infiltrated the computer systems of Grubman Shire Meiselas & Sacks, a law firm based in New York City that represents a long list of high-powered VIPs, corporations, A- and B-list celebrities and pro athletes.

The hackers used a phishing link in an email to trick an employee into giving them access to the company servers. Then they downloaded over 756 GIGs of data including contracts and personal e-mails sent and received by clients, according to Page Six.

Now the hackers are demanding $21 million ransom to restore the data and unlock the firm's website, which is down.

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The long list of clients include Drake, LeBron James, Elton John, Lady Gaga, Barbra Streisand, Nicki Minaj, Mike Tyson, Maria Carey, Mary J. Blige, Spike Lee, Lil Nas X, and many more.

The corporations repped by the law firm include MTV, HBO, EMI Music, Playboy Enterprises, Spotify, and more.

The law firm can't access any client files online because the hackers have the files encrypted. Only the hackers can access the files.

The police are powerless to help the law firm because the hackers are based in Russia or some other far flung country.

The police usually advise hacked hospitals, municipalities, and corporations to pay the ransom.

Some social media users are hoping the law firm doesn't pay the ransom so they can learn if LeBron is indeed paying child support for a love child.