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18 July
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How Your Estate Plan Can Be a Reflection of Your Values

Posted by Bobby Feisee
in Bobby's Blog

There is a common misconception about the purpose of estate planning. Many people mistakenly believe that an estate plan is intended to simply transfer Asset A to Person X; a dry, legal document focused solely on stocks, bonds, property, etc. This is not accurate. An estate plan is a symbol of love and concern for the people you care about the most. It is a representation of your desire to protect your family and loved ones. An estate plan, in many ways, can be a reflection of your values. A prime example of this principle is the estate of celebrity Anthony Bourdain. His Last Will and Testament was probated in New York and many media outlets were aghast to learn that Bourdain’s will was “only” worth around $1.2 million. Some people went so far as to criticize Bourdain for not having a higher net worth; never mind the fact that an estate...

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03 July
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Leaving the Ex In Control – An Estate Plan Nightmare

Posted by Bobby Feisee
in Bobby's Blog

When someone passes away, there is an assumption many people make that the family and friends of a decedent will be left in charge of their deceased loved one's estate so they can divide any possessions appropriately. Unfortunately, this assumption is not accurate. There are rules and regulations in each state concerning the distribution of assets maintained in an estate and who is ultimately empowered to make those decisions. If you do not have an estate plan, or you have an outdated estate plan, you are heightening the risk that someone you are not very close to, or may even dislike, will be left in charge of managing your assets.   Take, for example, the tragic and sudden passing of CNN host Anthony Bourdain. It turns out that his estranged wife, MMA fighter Ottavia Busia-Bourdain, is empowered to decide whether his remains are transported back to the United States since she is...

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09 May
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Dispelling Common Myths About Living Trusts

Posted by Bobby Feisee
in Bobby's Blog

Most people have a general idea of what a Last Will and Testament is and the purpose it serves. However, if you mention establishing a Living Trust, many people will look at you quizzically with no idea what you're referring to, or they'll mistakenly claim that a Living Trust is reserved for "rich people." This is not the case. In fact, there are many misconceptions surrounding Living Trusts. Below are some of the most common myths about Living Trusts and important facts you need to know. Myth No. 1 – I Don't Need a Trust Because I am Not Wealthy This is, by far, the most common misconception surrounding trusts – they are only worthwhile for people who are wealthy. Not so. The benefits of having a revocable living trust in an estate plan are plentiful and may actually wind up costing you less than the traditional Last Will and Testament. How?...

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28 March
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Alkaline Hydrolysis – The Future of “Green” Funerals?

Posted by Bobby Feisee
in Bobby's Blog

In April 2016, Business Insider published an article titled, “Traditional Burials are Ruining the Planet.” More information has surfaced showing the environmental toll that is taken when someone is buried in a traditional casket featuring steel, wood and embalming fluid. Cremation became a popular alternative to traditional burials. In fact, cremation rates have increased to nearly 75 percent in some states, according to the Cremation Association of North America. For those people interested in being even more environmentally-conscious are considering a procedure known as “alkaline hydrolysis.” Is it right for you? Can you even do it in the state you reside in? Find out below. What Exactly is Alkaline Hydrolysis? It is a process that has been around for over 100 years and involves dissolving the remains of a human in an alkaline solution. It involves a mixture of water and potassium salt. It is also referred to as biocremation, aquamation, or resomation. Controversial Cremation? The practice of...

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16 March
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You Can Now Retire in Margaritaville

Posted by Bobby Feisee
in Bobby's Blog

If you’re a diehard Jimmy Buffett fan (also known as a Parrothead) you’ll now have the opportunity to go “searchin' for your lost shaker of salt” at Latitude Margaritaville, a new Florida retirement community. Jimmy Buffett is partnering with an Ottawa-based developer called Minto Communities to develop the Margaritaville-themed community in Daytona Beach, Florida. The community will eventually have close to 7,000 homes for residents age 55 and older. The homes will be built on streets affiliated with lyrics to Buffett’s 1977 mega hit “Margaritaville.” For example, you will be able to live on Flip Flop Court, Coral Reef Way or St. Somewhere Drive. You’ll be able to take your dog to the “Barkaritaville” pet spa and work out in the Fins Up! Fitness Center or the Paradise Pool. You’ll also be able to take classes at the Workin’ and Playin’ Center or catch a show at the Last Mango Theater, according to The...

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02 February
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Important Info You Need to Know About How Divorce Can Impact Your Estate Plan

Posted by Bobby Feisee
in Bobby's Blog

Most people never expect to get divorced. They love their spouse and anticipate spending the rest of their lives in marital bliss. Unfortunately, the data indicates this is not the norm. In fact, in the United States, nearly half of all married couples wind up getting divorced, according to the American Psychological Association. This is why it is important to be prepared and have as much information at your disposal. Below is a general overview of how a divorce can impact your estate plan. How Divorce Can Impact Your Will When you get divorced, any items or funds that are directed to your ex-spouse will be automatically revoked, according to Virginia Code § 64.2-412(A). This statutory provision means your ex-spouse will lose the following rights, responsibilities, and benefits described in your Will: ·        General or special power of appointment; ·        Executor status ·        Guardian status ·        Any assets designated to go to the ex-spouse Despite the automatic revocation,...

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29 January
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Advances in Medical Technology Making Prospect of Living to 120 and Beyond a Possibility

Posted by Bobby Feisee
in Bobby's Blog

In trust and estate planning, there is an emphasis on the end of life and what needs to be done after you’ve left this earth. This blog will be a breath of fresh air since we’re focusing on living longer and enjoying as many years on this earth as possible. Advances in medical technology have made it possible to actually identify risk factors in the human body before they can inflict significant harm on your overall health. These risk factors are identified through “biomarkers” and “genome sequencing.” Basics of Biomarkers Biomarkers are biological data points that reveal the current physical state of affairs of a specific medical condition. The majority of biomarkers are discovered through blood tests for future risk, but they also might include other health data points like an individual’s calcium score and blood pressure.  Furthermore, new health biomarkers are being identified quite frequently, according to Fortune.com. This will give doctors more...

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18 January
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Understanding the Shocking Link Between Sleep Problems and Dementia

Posted by Bobby Feisee
in Bobby's Blog

The Institute for Dementia Research & Prevention reports that approximately 1-in-10 men and 1-in-6 women will likely be diagnosed with symptoms of dementia after they reach the age of 55.  The most common form of dementia is Alzheimer’s disease. In fact, more than 60 percent of dementia patients are subsequently diagnosed with Alzheimer’s disease. What Exactly is Dementia? Dementia is a fairly broad term that includes a number of pathophysiological conditions. For example, the most common form of dementia is Alzheimer’s disease. Nevertheless, forms of dementia include Parkinson’s disease, Shy-Drager syndrome, Huntington’s disease, and Creutzfeldt-Jakob disease. The Connection Between Sleep Disorders and Dementia The link between sleep issues and dementia share the same conundrum as the chicken and the egg – do people with dementia simply have sleep problems, or do sleep problems contribute to the development of dementia?  The definitive answer remains unknown, but is the subject of multiple studies. Check out this NBC...

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