Category: Blog
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Protecting Your Client’s Digital After Life
Strictly speaking, digital assets are content that is stored in any electronic format. That could mean photos, videos, emails, spreadsheets or text. New digital formats are constantly emerging therefore the definition of a digital asset is always expanding as well. Rather than a definitive list of file formats that qualify as a digital asset, digital…
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Defined Value Clauses: Ensuring No Adverse Surprises
With very limited exceptions, estate, gift and GST (called “wealth transfer”) taxes are imposed on property’s fair market value (FMV). Only cash and publicly traded securities have definite values for estate and gift tax purposes.
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Understanding a Client Facing Loss
One of the most difficult things we as estate planners face is the eventual and inevitable responsibility of helping and comforting a client whose spouse has passed away.
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The Collectibles Trustee: It’s crucial to place your treasured items in the right hands
Naming an Executor (called a Personal Representative in some states) to administer your estate is an important decision, and can be a difficult one, particularly if you own property that requires special knowledge and attention, such as fine art and collectibles.
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Documentary Film, “Lives Well Lived” Continues to Impact Lives, For Both Young and Young at Heart
In January 2019, at The Heckerling Institute on Estate Planning, a select group of InterActive Legal subscribers were invited to a private screening of the documentary film, “Lives Well Lived.”
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The Merging of Estate Planning and Elder Law
Two major pressures are moving the practices of Estate Planning and Elder Law together. The dominant pressure is one of demand. The second pressure is the continuing erosion of value proposition.
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The Cobbler’s Children
I will confess that I, as an estate planner, spent several years without an adequate estate plan of my own. It makes me wonder how many of my colleagues are in the same boat. As estate planners, we should arguably have the most up-to-date and well thought-out estate plans.
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Have You Met Clayton?
Only when I began working with ILS documents did I learn what a great option the Clayton QTIP can be for flexibility in estate planning, as an alternative – or in addition to – a disclaimer plan. Had I not started working with ILS, I probably never would have taken the opportunity to understand this…
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Avoiding the Accidental Estate Plan
As estate planners, part of our job is making sure our clients’ desires – as far as who receives their property – are fulfilled. Some clients know exactly what they want, and others need to be provided with options so that they can choose the who and the how. But in every case, we also…
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Why InterActive Legal?
Estate Planning and Elder Law professionals turn to us as their main resource for the latest planning strategies. We provide the most comprehensive productivity system on the market with an easy-to-use document drafting system, extensive continuing education, thought-provoking discussion forums, and more.
