The Not-So-Obvious Reasons for Updating Estate Planning Documents

Posted by on Apr 29, 2021 in Estate Planning | 0 comments

Written by: Christopher N. McGann, Esq.

Updating your estate planning documents is something that should be done periodically throughout life. How often and to what extent depends on each person’s circumstances. There are several material changes in life that quickly come to mind when evaluating whether to update a will, including:

  • Marriage (and subsequent marriages)
  • Divorce
  • Child or grandchild born
  • Receipt of a substantial cash windfall
  • Change in tax laws
  • Desire to disinherit someone

While the above are prudent reasons to revisit your estate plan, there are other occurrences in life which may warrant sitting down and taking another look at your estate planning documents.

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Consider the Treatment of “Digital Assets” When Preparing an Estate Plan

Posted by on Jan 29, 2021 in Estate Planning | 0 comments

Handling Digital Assets in your Estate Plan

Handling Digital Assets in your Estate Plan

Written by: Christopher N. McGann, Esq.

A pillar of any effective and comprehensive estate plan has always been deciding who may access bank, credit card or any other type of financial account should incapacity or death occur. The logic is straightforward. Bills must be paid, funds deposited, bequests made – and someone needs to handle those tasks. But what about our digital persona? Whether sitting in front of a computer, scrolling through a tablet or staring intently into the compact screen of a smartphone, much of our lives seems to occur in cyberspace. Estate planning has thus transcended the tangible and consideration must be given to how digitally stored and accessible content can be properly accessed, managed and safeguarded in the event of incapacitation or death. The question then became — how does and should this happen?

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