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Laws Can’t Keep Pace with Technology

Laws Can’t Keep Pace with Technology

As it stands, Delaware is the only state in the U.S. that fully recognizes the importance of digital assets as part of a legacy. Representatives proved that last year by signing into law House Bill 345, the Fiduciary Access to Digital Assets and Digital Accounts Act. The bill granted families access to their loved ones’ online accounts and in so doing leapt ahead of most of the nation in terms of legislature involving advancements in technology.
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Should You Consider a Trust?

Should You Consider a Trust?

When most people hear the word “trust,” they think of the ultra wealthy. And for good reason. Many wealthy people use trusts to protect their assets from estate taxes and other financial threats, and to pass along fortunes to children and dependents. But trusts can be used for a number of purposes beyond just saving on estate taxes. Here are a few of the reasons you might want to consider a trust as part of your financial and estate plan. I’ve also included a brief description of some of the types of trusts people have used in these situations.
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Living the Legacy

Living the Legacy

Family traditions are a wonderful way in which to tell the story of a family. They are also a great way to provide a sense of identity for all the members of a family, young or old, near or far. The purpose of a tradition is to create something that is special, something extra that lifts a family activity or event above the ordinary. But it doesn’t have to be big. A family tradition can be as simple as the ritual of a bedtime story or family dinnertime. It’s the communication and the sharing, the thought and intentionality that are important. And those are the qualities that will be remembered.
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Digital Deactivation – The Beat Goes On

Digital Deactivation – The Beat Goes On

In this two-part series, we’ve been looking at how some of the most prevalent social brands handle deceased users. If you missed the previous post , click here. Pinterest follows Twitter’s lead on lack of access. Out of respect for the privacy of their users, they will not divulge any personal login information. Deactivating an account requires an email to care@pinterest.com with the following information: requester’s full name and proof of his or her relationship to the deceased, the deceased’s full name and email address, a link to the account and documentation of their passing.
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Protect Your Estate – and Your Heirs

Protect Your Estate – and Your Heirs

The end goal of estate planning is to ensure your heirs are financially secure. That’s the reason you go to all the effort to organize your affairs in the first place – to protect your family. But improperly set up or poorly managed, a large portion of your estate could end up in the hands of the government in the form of federal income taxes. In order to avoid these potentially devastating penalties, you first need to know what taxes your estate stands to face before you can develop a plan.
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