Cryptocurrency has an estate planning problem. And it’s one of the barriers to wider cryptocurrency acceptance. Nobody wants to accumulate an asset that may disappear, often upon death.
Whether you’re the caregiver or the terminally ill, it can be satisfying to help get organized and take inventory. This is really important if there aren’t many close relatives.
I get that Do-it-Yourself is very tempting. But you may be creating HUGE problems for your heirs.
- Witnesses names
- Witness addresses
- Professional witnesses
- Court’s assumptions
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If you don’t have a plan in place, what happens to your kids in an emergency? If the police can’t locate next of kin immediately, your kids may be off to ACS, or foster care.
A recent probe revealed concerning facts about ACS.
Robin’s was survived by his third spouse (Susan) and 3 adult kids from prior marriages. Robin planned well, because he knew the cost of legal battles. His divorces cost him ~$20 million…
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…
Though planning on your death or injury is not exactly something that most millennials are eager to do, it is important.
(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(2) The objects of your affection change, (3) Your assets or liabilities change, (4) Your qualified retirement plan is outdated, (5) Executors or trustees become inappropriate
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Prior results do not guarantee a similar outcome