Like many other online companies, Facebook has a policy about what happens to a deceased person’s account. While the policy has good intentions, it does not always fit the needs of individual families.
Read More »Illinois Wrestles with Digital Assets
Recently, legislatures in many states have debated about what to do with a person’s digital assets after the owner passes away. It is not an easy debate to settle as powerful arguments are made on both sides. Illinois is the latest state to wade into these deep waters.
Read More »Finding Life Insurance Policies
Often people will let loved ones know that they have life insurance policies, but after the policy holder passes away the beneficiaries have difficulty finding any information about the policies. Tracking down these lost insurance policies is an important step in estate administration.
Read More »Choosing a Trust Company
It is often a good idea to choose a professional trust management company to be the trustee of your trust. However, you need to be careful and pick the right company to make sure that you are getting a good deal on costs and fees.
Read More »A Different Sort of Inheritance Scam
Scammers have long sought to use inheritances in their nefarious plots. A woman in Brooklyn is accused of using a new twist to scam her friends out of money by making up an inheritance. An old fraud has a scammer pretending to be an attorney or estate agent. The fraudster will tell a potential victim […]
Read More »Giving It All Away
A recent trend among the mega wealthy is to give all or most of their fortune away to charitable causes either during their lifetimes or in their estate plans. While the intentions are noble, there is a potential drawback that you should be aware of.
Read More »Even in Death Dean Smith Keeps Coaching
The world of college basketball recently collectively mourned over the passing of legendary North Carolina coach Dean Smith. We are now learning that Smith found a way to continue coaching his team by using his will.
Read More »Planning for Your Special Needs Child
If you have a child with special needs, then you know that they often need a lot of money in order to get the basic services they require. This means that you have some extra challenges to overcome in estate planning.
Read More »A Reputation Changing Will
The name Alfred Nobel is now associated with philanthropy and the Nobel prizes, but that was not always the case. It was his will that changed how Nobel was perceived and now for the first time that will has been put on public display.
Read More »How to Designate Beneficiaries
Retirement accounts, life insurance and similar items have become an important part of many people’s estate plans. In some cases, they are the only estate plan that people have. If you are relying on them, it is important to know a few things about designating beneficiaries.
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