We like to share information about celebrity estate planning cases that arise from time to time. Sometimes when you hear about a scenario that unfolded surrounding a high-profile individual you get some insight into what to do and what not to do when you are planning your estate. With the above in mind we recently highlighted the dispute between the children of the automotive design legend Carroll Shelby and his seventh wife Cleo. The former race car driver and entrepreneur died on May 10, 2012 … [Read more...] about Resolution Reached in Shelby Estate Dispute
You have to think things all the way through if you want to be comprehensively prepared from an estate planning perspective. There are details that must be attended to beyond the transfer of financial assets after your passing. One thing to consider would be your final arrangements. Would you want to be buried, or would you prefer to be cremated? What type of service would you like to have? Where would you like the service held? Is there a particular clergy member that you would like to see … [Read more...] about What Is an Authorization for Final Disposition?
Planning for the inevitable involves taking difficult decisions out of the hands of your loved ones if possible. With this in mind it is a good idea to consider leaving behind instructions regarding your final arrangements. There is a lot to consider when you get into the subject, but we will boldly confront something that everyone is aware of but few people talk about: How much should you spend? Let's assume that you are going to be buried rather than cremated. The selection of a casket is … [Read more...] about Final Arrangements: Are You Prepared?
Planning for the end of your life is in large part an effort to help your family members adjust to the transition as painlessly as possible. Of course there is no way to experience the loss of a loved one without suffering to some extent. But with proper planning you can mitigate the challenges that your family will face when the inevitable eventually takes place. With this in mind you may want to consider addressing your wishes with regard to your funeral details when you are planning your … [Read more...] about Have You Considered Your Funeral Details?
Estate planning has everything to do with providing for the well-being of your loved ones. At first glance this can seem like a purely financial endeavor, and of course this is a very large part of it. But it is also useful to ask yourself exactly what your family will be going through at the time of your death. If you do not make plans in advance, one of the responsibilities that will fall into their laps will be the matter of making final arrangements. This is more difficult than it may sound … [Read more...] about Considering The Immediate Aftermath
Estate planning does indeed involve making preparations for the distribution of your material assets to your loved ones after you pass away. But when you look at the broader picture there is more to it than that. Of course it is very possible that there will be a period of time preceding your death when you're not in the best of health and possibly incapable of making your own medical, financial, and personal decisions. If you want to be comprehensively prepared you need to plan for this … [Read more...] about Proactive Estate Planning