Phone and computer passwords, crypto wallets, investment portfolios, mobile banking passcodes and even social media credentials also need a place to go when you die.
So the pitch that anyone with a collection needs to hear is this: Your wine needs an estate plan, because it’s not going to drink itself.
Estate planning can include wills, trusts, powers of attorney, guardianship for your minor children, personal health decisions, avoiding probate and more.
When Michael Jackson died in 2009, he left a complicated legacy. However, one thing remains true: The King of Pop’s music still generates millions of dollars every year.
A head start on estate planning can help you prepare for risks, like dementia. By documenting your legal and financial wishes early, you can safeguard your wishes and provide clarity to loved ones.
Estate planning isn’t just about dividing assets—it’s about minimizing taxes and maximizing the inheritance that your loved ones receive.
Pet owners bring their animals on vacation, buy them fancy food and pay more for their healthcare. Including them in estate planning is a logical next step, estate lawyers and pet owners say.
Humans love to plan, looking ahead to everything from vacations, work commitments and dinner reservations to family gatherings, weekends with friends and dates with significant others.
Having the ability to pass on an inheritance to your loved ones is a beautiful thing. It’s a chance to gift those you care about and add value to their life even after you’re no longer here.
Choosing the right executor ensures that your estate is managed effectively, minimizing conflicts and providing peace of mind for your loved ones.
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