While all couples can benefit from estate planning, same sex couples have special situations that require additional attention.
Where There’s a WIll, Same Sex Couples Need to Go Beyond
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wills
Why a Living Will is Important
By Cara M. Chittenden A living will lays out your preferences for life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living...
What are the requirements for creating a will in Indiana?
You can create a will in Indiana to accomplish the following tasks and goals: Leave your assets to the people or entities of your choice. Designate an executor to carry out your will and manage your estate. Name a guardian to provide care for your children. But you...
Avoid Aretha’s Estate Planning Mistake
Avoid the estate planning mistakes of Aretha Franklin and Prince, advises Richard Eisenberg, writing in Forbes.com. Both these one-time blockbuster music stars died without a will or trust, Eisenberg notes, and, he warns, “Following in their footsteps could mean your...
Don’t List User Names or Passwords in Your Will
“Talk to your clients about how they want their online life handled after their death, Philip Herzberg, CFP® and attorney Michael Dribin advise financial planning practitioners. Digital assets may include: photo files images videos email accounts social media such as...
Wills – For Both Now and Beyond the Grave
“Wills are serious business. They are supposed to spell out how one would like their assets distributed after their death. But in some cases they are used to send messages – or settle scores – from beyond the grave,” says Yagana Shah in the Huffington Post. Under a...
Wills Come in a Variety of Flavors
While there’s little doubt that a will is one of the basic building blocks in an estate plan, few people are aware that “last wills and testaments” come in more than one form. “The will that most people think of, called a simple will, is a legal documents that...
Wills – What They Will and Will Not Cover
“Once you place property in one of the following forms of ownership, listing that property in your will has no effect,” Denis Clifford explains in Plan Your Estate. Clifford is referring to: Living trust Joint tenancy property Pay-on-death bank accounts Life insurance...
Where There’s a Will, It’s a Crime to Conceal It
What can be done if someone in possession of a will refuses to file it with probate court? A named executor or an heir may ask the court to order the individual in possession of the will to produce it for the court. There are at least three very bad things that can...
Wills Gone Awry
According to Alexander A Bove, Jr., author of The Complete Book of Wills, Estates, & Trusts, “Wills are almost universally regarded as a sort of permanent memorial, a person’s final statement to the world…” Bove reminds us, though, that creating a will that is...
