When you think of “estate planning,” chances are your Facebook page, PayPal account, and Amazon Prime login probably don’t come to mind. But they should. Depending on who you ask, the value of the average American’s digital estate is between $33,000 and $55,000…
Expecting an inheritance windfall? You’re probably already making plans for what to do with the money. But there are a few things you can—and should—do to maximize the long-term value of your share of the estate and honor your loved one’s legacy.
Though planning on your death or injury is not exactly something that most millennials are eager to do, it is important.
(1) Should my trustee be my spouse or child? (2) Should my trustee be my attorney, accountant or other trusted adviser? (3) Should my trustee be a bank or trust company? (4) Would having more than one trustee be my best option instead?
(1) Where Does the Potential Guardian Live? (2) What Are the Potential Guardian’s Religious, Political and Moral Beliefs? (3) What Do You Know About the Potential Guardian’s Parenting Skills? (4) How Old Is the Potential Guardian? (5) What Is the Potential Guardian’s Family Situation? …
Filmmakers use creative license in a lot of situations involving wills. A dying person’s last wishes can be an exciting revelation or a shocking plot twist. But, that doesn’t mean the movies get it right from a legal perspective. There are several legal myths about wills that movies often use for dramatic effect. These can be inaccurate at best, and at worst completely fictional.
Summary: (1) You moved to another state, (2) The objects of your affection change, (3) Your assets or liabilities change, (4) Your qualified retirement plan is outdated, (5) Executors or trustees become inappropriate
Summary: (1) Name the right executor; (2) Include personal property; (3) Don’t tie up the money for too long; (4) Explain any unequal bequests …
Summary: (1) How are we going to organize and simplify my assets? (2) What sorts of accounts and trusts will we use and how will they be managed? (3) How will you work with my trusted contact, while I’m well, and after I’m sick or deceased?
Summary: (1) William Shakespeare; (2) Leona Helmsley; (3) Charles Dickens; (4) Harry Houdini; (5) Napoleon Bonaparte …
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Prior results do not guarantee a similar outcome