Aretha Franklin Didn't Have A Will But You Should
Deeply private in life, Aretha Franklin’s estate will be laid bare for all to see, as according to court documents, she died without having a will or trust in place. Documents filed by her four sons in Oakland County Probate Court on Tuesday acknowledged the absence of a will and named themselves as parties interested in her estate. The relevant clause reads: “The decedent died intestate and after exercising reasonable diligence, I am unaware of any unrevoked testamentary ins

Estate Planning For Crypto Currencies
Using the Template To use the template search for {} and fill in the blanks. It really is a template and will require significant customization to be useful by your heirs; be sure to delete sentences that don’t apply to your situation and make other changes as necessary. It’s most important to explain the kinds of assets, key locations, and access controls you’re using for security. Access controls are things like PINs, passphrases, multisignature or timelock requirements. Av

An Estate Planning Checklist for New Parents
Beneficiary Designations: For young parents who designate beneficiaries on their retirement accounts, after a spouse there are a lot of options for backup beneficiaries. (I had my parents and brother listed prior to my son’s birth). Remember to review the beneficiary designation form for all retirement plans to be sure they’re current after a child is born. Life Insurance – Similar to retirement plans, it is important to update life insurance policies to account for new membe

What Is Social Security and How To Understand It
Understanding Social Security Basics – Part 1: (1) What is Social Security? Most people think of social security as “retirement” benefits that they get from the government later in life. However, social security includes Medicare which covers some health care expenses for individuals over age 65. Additionally, it provides for survivor benefits to families of deceased workers and benefits for disabled and blind individuals and their families. (2) How is your social security be

Top 5 Estate Planning Mistakes People Make
1) Residence Removed from Trust Because Clients Refinanced When refinancing a property, clients are often not aware that the lender often has them sign a Quitclaim Deed to remove the property from their Trust. This can lead to problems later unless remedied. 2) Taxable Accounts Not Titled In the Trust For the Trust to work, you have to go to the bank and put your accounts into it. If your bank statements don’t should show the Trust ownership, then the accounts are not in th
