We have to face the fact that our lives are becoming more digitized. With technology taking over, it's important to consider your digital assets in your estate plan and how we have been traditionally planning for our futures may need to change. Our digital assets are becoming more valuable than some of our physical [...]
If you own a business, you almost certainly have intellectual property and maybe you don't know about protecting your intellectual property. However, because your intellectual property is intangible, it can be invisible to you and those who aren’t familiar with the nature of intellectual property and its value, so it often gets overlooked, especially [...]
The Term “Beneficiaries” Beneficiary is the legal term for the person or people who will inherit your assets. You may also think of “heir” or “inheritance”, these are all related to beneficiaries. Beneficiaries of an estate may receive your assets including money, investments, property, personal belongings, etc. The beneficiaries of someone’s estate will be [...]
There’s a major misconception that a will (last will and testament) is all you need at the end of your life, but do you know what a Living Will is? We have previously discussed Wills vs. Trusts and which you may need, but there are differences between a last will and testament and a [...]
In celebration of International Women’s Day this week, we wanted to highlight women business owners and the best ways to protect their businesses. A business succession plan is an important part of running a business in the case of an emergency, and for women business owners there are many reasons it's even more necessary [...]
We are taking it back to the basics and answering the question- “What is estate planning?”. Estate planning is making a plan for who will receive your assets upon your death. Your assets include your property, money, investment accounts, personal items, life insurance, anything that you can claim as yours. The reason you want [...]
Too Busy to Think About Your Estate Planning? Think again. Not Having an Estate Plan Creates a Greater Chance of Becoming a Victim of a Guardianship Scam. Trending now on Netflix is a new film “I Care a Lot,” starring Rosamund Pike as Marla Grayson, a character who uses probate court, corrupt doctors, unscrupulous [...]
We have seen many examples of celebrities not having an estate plan when they pass, or why updating your estate plan is so crucial in case the unexpected happens. This is always frustrating to see since we know that they have the means to get their affairs in order, and also have a responsibility [...]
Despite many uncertainties of today's life, many families fail to name guardians for their kids. Nearly 69% of parents have not named guardians for their kids. As parents, our children’s safety is always top of mind. We spend most of our time thinking about their needs and planning for their future. But what happens [...]
Remarrying? Why Estate Planning After Divorce is Important to Avoid Accidently Disinheriting Your Loved Ones. Today, we’re seeing more and more people getting divorced in middle age and beyond. Indeed, the trend of couples getting divorced after the age of 50 has grown so common, it’s even garnered its own nickname: “gray divorce". Estate [...]
