Wow, that’s a long title for a blog post but the link below to Inheritance and IRAs is a good refresher/reminder on tasks to complete…soon, maybe before the fast approaching end of the year. The importance of having a will The tax implications of inheritance for spouses and other beneficiaries The different scenarios that can…
Category: wills
What to Do When a Loved One Dies
“Settling a deceased family member’s affairs is not a one-person task. You’ll need the help of others, ranging from professionals like lawyers or CPAs, who can advise you on financial matters, to a network of friends and relatives, to whom you can delegate tasks or lean on for emotional support.” Leanne Potts, writing for AARP,…
Got a will? Here are 11 more end-of-life documents you may need
“Anyone remember the death rate in the United States? It’s… one per person. Nobody is getting out of here alive. We never know when death will happen, just that it will,” Amy Florian explained to a group of financial professionals. In these days of coronavirus, the need for detailed instructions for your financial and digital…
A plan for your digital legacy
“When thinking about your digital legacy consider: social networks, such as Facebook, Twitter, or LinkedIn blogs and licensed domain names your presence in online communities or listserves music, photos, or other files that you store online seller’s accounts on Amazon, eBay, or Itsy, and access to financial accounts or utilities.” As part of your estate…
21st Century wills need to address digital asset ownership
If you use email, Facebook, blogs, Twitter, own Bitcoin, frequent flyer miles, Amazon account, or other rewards programs, youneed to plan for access to and transfer of your digital assets at death or if you become incapacitated. Robert Powell explains how to protect one’s digital assets and allow access to appropriate persons. he explains that…