November is long-term care awareness month and InSight Law is taking the lead in spreading the word and promoting the importance of having a long-term care plan in place. Check out some of our recent articles on this important topic:
If the answer is no, you need to take the time to sit down with them, hopefully along with your estate planning attorney, to draft a basic Last Will and Testament, durable power of attorney, and medical directive. At InSightLaw, we make the process as simple as possible by offering a straight-forward, no-nonsense estate plan for your child and access to a Docubank card so you and your child can get these important documents online. Learn more here:
Many people mistakenly believe that inheriting a large estate is some wondrous thing akin to winning the lottery. All of sudden, you are presented with access to vast sums of money, large pieces of property, etc. Such assets can completely change your standard of living. Nevertheless, there are numerous “burdens” associated with inheritance. Learn about these challenges here:
I published a blog recently discussing the misconception that a Last Will and Testament can be a relatively "simple" document. Obviously, estate planning attorneys strive to make a complex issue relatively simple so their clients can understand the ramifications of a tax or inheritance issue. However, it amazes me how many times a prospective client will say they want a "simple will" and then delve into the myriad business interests they own, the properties held in multiple states, and their three kids from two marriages. In that scenario, "simple" is relative.
Over $9 billion worth of savings bonds and $200 million in registered Treasury securities haven’t been cashed in by the owners, according to treasurydirect.com. Why is so much money simply in limbo? Well, many clients who purchased savings bonds decades ago, may have even forgotten that they purchased the bonds, or they received them as a gift from a relative and may have the bonds stashed away in a random cabinet or closet.
Facebook is now giving users the power to name a "legacy contact" who will be empowered to manage your profile after you pass away. In a sense, they're like a “Techexecutor.” The obvious benefit is allowing you to determine who manages your Facebook page. The current policy was for Facebook to simply freeze the account, which caused frustration and emotional stress for loved ones. Legacy contacts will have the power to write a post to display at the top of your memorialized profile page, change the profile picture, and even respond to new friend requests on your behalf. If they’re granted prior permission, legacy contacts can also download an archive of posts and photos from the deceased, but not the contents of his or her private messages. To learn more, check out my blog here.
I recently published a blog talking about three common mistakes that new executors make quite often. I want to help ensure executors avoid these preventable mistakes since these errors can have costly consequences. Check out the blog here:
I recently published a blog on the legal battle between the late Robin Williams' wife and children over many of his personal items and property. According to Mr. Williams' estate plan, his Tiburon home went to his wife. However, her attorney contends that the home should not be “stripped” of the things inside of it, which Mr. Williams' estate passes on to his children. On the other side, Mr. Williams’ children argue they are entitled to the personal items which include a watch, some of Mr. Williams' suits, his awards, and so forth.
Is there a way to limit the risk of litigation occurring with your estate plan? Yes. Learn about some of those strategies by reading my blog...