Star’s Estate Battle Carries Lessons for Clients

Written by TEPLG. Posted in Blog, Daily Plan-It

It’s been about six months since the world lost beloved comedian and actor Robin Williams to suicide. Amidst their grief, his surviving family are now in the spotlight for fighting over his estate. We wrote about his estate plan in September, outlining the thoughtful system in which he designed trusts for his children and real estate. Since then, a legal dispute has erupted over personal belongings between Williams’ widow, Susan Schneider Williams, and his three children from previous marriages, Zak, Zelda and Cody Williams. According to CNN.com, they are fighting over the deceased’s clothing, collectibles, and personal photographs. (http://tinyurl.com/n8tj78o)

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Do Clients Need a ‘Living Will’ for Facebook?

Written by TEPLG. Posted in Blog, Daily Plan-It

Social media giant Facebook released a new security feature this month that allows users to select whether their profiles should continue on after their deaths or be deleted entirely. Just like tangible assets and investments, we encourage clients to make decisions now regarding how they wish their online assets to be handled upon their deaths. Otherwise, the digital assets risk being lost forever. This includes, but is not limited to, social profiles, email accounts, blogs, photo albums, sound files and other personal websites. Facebook users can now appoint a “legacy contact” as a kind of executor to manage certain aspects of their online profile.

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