Some people plan their estates carefully. Some people donât have an estate plan at all. Thatâs called dying intestate. In that situation, the state in which they live at their death has a default plan for them which determines who gets their assets. The stateâs plan might suit them, or it might not suit them at all. For example, Fred was unmarried and had a girlfriend of 5 years, Ethel. Ethel had a daughter, Lucy, whom Fred adored. Fredâs parents and grandparents had died, but he had two … [Read more...] about Make Your Own Plan
Sometimes people seem to think that if they donât plan for death, it just wonât happen. In fact, 58% of American adults have no will, no trust, and no estate plan at all, according to a recent study by Caring.com. Unfortunately, whether you plan for it or not, death is inevitable. If you have no plan, your state of residence has a plan for you, itâs called âintestacy.â With intestacy, your assets go to those the state has pre-determined. They may or may not be the people whom you love and who … [Read more...] about Planning is Critical
Aretha Franklin was known as the âQueen of Soul.â She was a singer, songwriter, civil rights activist, and so much more. Aretha was a great recording artist, with a career spanning many decades. She received honorary degrees from many prestigious universities, like NYU, Princeton, and Yale. She received the Presidential Medal of Freedom in 2005. In fact, we all owe her much âR-E-S-P-E-C-T,â just like the song for which sheâs most famous. Aretha died on August 13, 2018, at age 76, without any … [Read more...] about Aretha Franklin Died Intestate: What Does It Mean for Her Family?
Often, people think estate planning is just for those who are elderly. While the elderly certainly need estate planning, estate planning is for anyone who cares what happens to them, their stuff, or their family. For someone who is young and healthy, estate planning may be the furthest thing from your mind. You may be thinking about how to enjoy autumn by playing in the leaves or about an upcoming ski vacation. How could you need estate planning when you have such an active lifestyle? … [Read more...] about Estate Planning is for You, Not Just Your Parents or Grandparents