Last Workshop Wednesday we discussed considerations in choosing a Trustee. This is one of the biggest potential pitfalls for clients doing estate planning. Here are a couple more. Choosing a Trustee Funding the trust. Putting together a plan that avoids probate and saves in taxes is just the first step. …
Read MoreEstate Planning for Blended Families
Estate Planning for blended families can be difficult. Second marriages present special challenges in estate planning. Spouses have children from prior marriages. They have children together. They have assets brought into the relationship, and assets obtained together. These families should have two goals. First, to provide for the other spouse, …
Read MoreDealing With Social Media Accounts After Death
Social Media Accounts After Death In our last post we discussed digital assets and how to plan for them. This week let’s focus on a specific digital asset that has become a part of almost every client’s estate: social media accounts. Below is a brief description of Facebook and Twitter’s …
Read MoreDigital Assets Discussed and How to Plan for Them
A common oversight in estate planning has become planning for the administration of digital assets. Digital Assets are any files stored on digital devices, desktops, laptops, tablets, smartphones, cloud technology, etc. It also includes email accounts, online banking accounts, social media accounts, owned web domain names, and other programs and …
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