Category: Estate Planning
You can direct what happens to those digital assets, even if it means destroying them. Almost everyone has digital assets in today’s world and it is important to protect access to them in your estate plan, according to the Valdosta Daily Times in “Preparing an estate strategy for digital assets“. Digital assets include information on […]
Who do you want to be responsible for your well-being? A will, power of attorney and health care proxy are the key building blocks of your estate plan, according to the Traverse City Record Eagle in “Simple steps to peace of mind“. If you die without a will, your state has a plan in place […]
Leaving a legacy isn’t always about making a big bequest. A Bank of America/Merrill Lynch survey came up with some interesting information, according to The Voice in “How to leave a legacy no matter how much money you have“. The survey included more than 3,000 adults (2,600 of them were 50 and older) who were […]
You really should plan for the future, even if it means taking your own death into consideration. People do not generally like to consider their own passing so they often avoid estate planning. However, it really can be considered as a message to the future, as well as thoughtful consideration of your family, according to […]
Life happens and so does death, so it is best to be prepared. It doesn’t matter how much money you have. You always need an estate plan, whether married or single, in order to be sure those left behind are cared for and that your assets are distributed as you wish, according to the South […]
It is a good idea to have a plan, just in case you do retire. Many business owners have worked for years to build up their business and don’t have any intention of retiring. However, that day is likely to come and it would be wise to have a succession plan, according to The Gardner […]
RMDs are legally required and it is best to study up on them, because taxes can be 50%. Required minimum distributions (RMDs) are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know About RMDs“. The withdrawals are legally required and you have to take them, […]
Should inheritance be spent on sports cars and jewelry? Protecting your children from frittering away an inheritance is often done through a spendthrift trust but that trust can also be used to protect them from divorce and other problems that can come their way, according to Kiplinger in “How to Keep Your Heirs from Blowing […]
Where does help become an undue influence? The law is very specific when it comes to disinheriting an adult child, so it is a good idea to be perfectly clear on your wishes or it can backfire, according to the Santa Cruz Sentinel in “No shortcuts when planning estate trust“. It is crucial to have […]
Instagram messages create challenges for French court. French entertainer Johnny Hallyday, who died in 2017, left behind testaments and Instagram messages causing some major court issues, according to The New York Times in “French Rock Star’s Instagram Defeats His Widow in Inheritance Battle“. Hallyday, a rock singer for more than 60 years, started using Instagram […]
