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American Academy of Estate Planning Attorneys

The American Academy of Estate Planning Attorneys was established in 1992. Mr. Holmgren has been an active member since 1995. Click here to visit his Academy website.

Long Life in Okinawa

Take a moment to watch this video from CNN on the amazing health and long life of Okinawans.

Seinfeld Has An Answer for Everything

In this classic Seinfeld episode, Jerry and Kramer discuss living wills. Although humorous, it makes a great point about the importance of this key document.

 

DocuBank
Utah's New Domestic Asset Protection Trust (DAPT)

Effective May 2013, the DAPT statute (or DAPT law) provides a powerful way to protect assets from various creditors and especially from lawsuits.

CLICK HERE for full, printable article.

Does your estate planning include your digital assets? Should it?
Posted on Nov. 1, 2014

Do you have online trading accounts?  Do your banks, credit unions and investment firms send you paperless account statements? Do you use passwords, login names/codes and security questions to access online accounts and other websites?  How about credit card accounts and frequent flier-type accounts?  And what about email accounts (at work or web-based accounts like gmail or hotmail)?

These are examples of digital assets that your spouse or family may or may not be able to access and utilize if you die (or become mentally incapacitated) unexpectedly.  You can even add social media sites (Facebook, Twitter, LinkedIn, etc.) to the list.

Just like you have (or should have) a plan for designating who inherits your assets, when, and how you should similarly have a plan for digital assets.

Who do you want to take care of your digital assets when the time comes?  Your Power of Attorney might be sufficient, if the document is specific enough and you are still alive.  However, when someone dies, their Power of Attorney "dies" also, and there is no way to change that. 

Does your Will or Trust deal with who will have the right to access or otherwise use your digital assets?  Even if it does, will your Trustee (Trust) or Personal Representative (Will) even know where the password, login, account number, and security answers are stored?

If you’d like to consult with me about this type of planning or other aspects of your estate-planning and asset-protection planning, give me a call and schedule a date and time to meet.

Estate Planning
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About Randy

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I help clients prepare for their unexpected death or disability. Using legal documents such as Wills, Trusts, Power of Attorney, LLCs and more, we can ensure that your hard-earned assets go to the right people, at the right time, and in the right way–and are managed by someone who is competent, skilled and trustworthy.

I also help clients identify their non-monetary legacy (values, wisdom, principles, beliefs, life experiences, family name and a commitment to certain charitable causes) and how to effectively pass that legacy on to family and others.

Take time to consider the value of your life to others. Don't miss opportunities to leave a greater legacy than just money.

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