An estate plan usually contains a trust, last will and testament, power of attorney, healthcare proxies, beneficiary descriptions, account information, and many other entries dealing with assets and where they should end up. But not many people think about the nonmaterial aspect of their legacy that can be transferred through an ethical will.
Estate Planning Documents are legal instruments that help your family and the Court, in certain situations, determine how you would like your affairs handled when you are unable to manage on your own. Ideally, the planning documents you have created will ease a difficult time in your family’s lives. It is very important to ensure that everything is executed in the legally required manner or the documents will not be effective.
In this article, we will discuss the importance of including your digital assets in your estate plan and answer the following questions: what is considered a digital asset?, why should digital assets be separated from other assets in estate planning?, what laws control access to digital assets?, what obstacles could a beneficiary face when retrieving a digital asset?, and how do I make my estate plan digital asset friendly?
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Estate Planning Documents are legal instruments that help your family and the Court, in certain situations, determine how you would like your affairs handled when you are unable to manage on your own. Ideally, the planning documents you have created will ease a difficult time in your family’s lives. It is very important to ensure that everything is executed in the legally required manner or the documents will not be effective.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Choosing a trustee is, perhaps, the most difficult decision you must make when completing an estate plan. Do you choose a family member or friend to be trustee? Why would you want a professional trustee? What should I look for in a trustee? What are the advantages of choosing a professional trustee?
Make a consultation reservation online using our online scheduling tool.
Make a consultation reservation online using our online scheduling tool.
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
Our team of friendly professionals are standing by to take your call now at (563) 503-6910.
Estate Planning Documents are legal instruments that help your family and the Court, in certain situations, determine how you would like your affairs handled when you are unable to manage on your own. Ideally, the planning documents you have created will ease a difficult time in your family’s lives. It is very important to ensure that everything is executed in the legally required manner or the documents will not be effective.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Choosing a trustee is, perhaps, the most difficult decision you must make when completing an estate plan. Do you choose a family member or friend to be trustee? Why would you want a professional trustee? What should I look for in a trustee? What are the advantages of choosing a professional trustee?
An estate plan usually contains a trust, last will and testament, power of attorney, healthcare proxies, beneficiary descriptions, account information, and many other entries dealing with assets and where they should end up. But not many people think about the nonmaterial aspect of their legacy that can be transferred through an ethical will.
Estate Planning Documents are legal instruments that help your family and the Court, in certain situations, determine how you would like your affairs handled when you are unable to manage on your own. Ideally, the planning documents you have created will ease a difficult time in your family’s lives. It is very important to ensure that everything is executed in the legally required manner or the documents will not be effective.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
Our team of friendly professionals are standing by to take your call now at (563) 503-6910.
Monday to Friday
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Monday to Friday
9am - 5pm
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