by Kathy Lane | Jan 17, 2013 | digital assets, Estate Planning
If State Representative Peter Sullivan of New Hampshire has his way, the executor or administrator of your estate could take control of your social media and other digital accounts after you die. According to Sullivan, “The way we conduct our business as a society and...
by Kathy Lane | Dec 26, 2012 | Estate Planning, Other Financial Directives, Retirement Benefits
You worked hard your whole life and paid money into the Social Security program evey month. So did your spouse. And now that you are both retired, you are relaxing, enjoying life and collecting a benefit check every month. But Social Security benefits are not just for...
by Kathy Lane | Dec 3, 2012 | Estate Planning
The New York Times recently did research to find out and the answer was far from consistent. Only two airlines contacted have a specific, written policy that allows your miles to be transferred to a surviving family member – American and US Air. On the American...
by Kathy Lane | Nov 10, 2012 | Estate Planning, Settle an Estate
Although the person is dead, the loan may live on for years…or until it’s paid off. In some instances, death cancels the loan but this is rare. In some states, the next of kin doesn’t just inherit the estate. He inherits the debt as well and is required to pay the...
by Kathy Lane | Oct 20, 2012 | Durable Power of Attorney Form, Estate Planning, Estate Taxes, Financial Agent, inheritance law
If you live in Indiana, Iowa, Kentucky, Maryland, Nebraska, New Jersey or Pennsylvania beware. These states tax your inheritance, no matter what the amount is. Barry and Susan Brown of Philadelphia, PA learned this the hard way. Because they were getting older, they...
by Kathy Lane | Sep 22, 2012 | Estate Planning, Other Financial Directives
You probably have a will and/or a trust that covers what you want done with your personal assets when you die. But do you have a formal succession plan for your small business? According to the Small Business Administration, about 90% of businesses are owned by a...
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