When a loved one dies, families and friends are often confronted with handling the assets and properties that were left. But more and more, many of these assets are in digital form. As it stands, the law is way behind in dealing with the distribution and ownership issues that come up with digital assets. More often than not, heirs and beneficiaries in Orlando end up losing entire collections of books and music when a lived one dies.
The founder of Intellicheck, an identification verification firm, died in 2007 at the age of 73. As part of his estate plan, his will left behind a trust for the benefit of his grandchildren.
Protecting a legacy can be so important for individuals and couples to consider. One of the best ways to do this is to put together an estate plan. Families members across Orlando struggle with making decisions regarding medical care, estate distribution and financial when a loved one is unable communicate his or her wishes. Taking steps to complete a comprehensive estate plan, then, will ensure that your wishes and needs are respected.
Reasons for setting up trusts through estate planning can run the gamut. Perhaps the goal is to make sure heirs are provided for. Perhaps it's to create a legacy that remembers its founder into the future. Maybe the reason to create a trust is to fund a set of foundations that just do good; anonymously.