Author: PAustin

10 Key Tips for a Smooth Settlement

When a loved one passes away, family members can often feel overwhelmed by the seemingly endless list of things to take care of.  An up-to-date estate plan and an educated family can help ease this feeling.  Unfortunately, if the family was not prepared, there can be significant confusion over who is in charge and what needs to be done. If you find yourself in this position, here are some tips to help you get started: Take care of the final arrangements.  Even more important initially than the estate planning documents is to locate any funeral or burial instructions.  Your loved one may...

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Wine Collector? Protect Your Investment

If you purchase fine wine as an investment, here is a red alert - your homeowners' policy probably does not cover your wine collection. In fact, the vast majority of homeowners' policies exclude coverage for perishable goods like wine. Ensuring you have adequate insurance coverage on your wine collection is absolutely critical. Some individuals have spent thousands of dollars to accrue an impressive wine collection or wine cellar. Getting the Right Insurance Policy for Your Collection When shopping for an insurance policy to protect your investment, consider an agreed upon insurance value and to keep records of the collection purchases, sales, and consumption...

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Don’t Wreck Your Loved One’s Estate – Decedent Vehicle Titling and Insurance

When a loved one passes away, many family members do not think twice about driving the decedent’s vehicle.  With relatives and friends coming in from out of town, the vehicle is convenient to use and cheaper than a rental car.  However, if an accident occurs, the entire estate of the decedent could be exposed to creditors. Both the titling of the vehicle and the car insurance policy need to be reviewed before any person drives the car anywhere.  Change the Title to the Vehicle First, the title of the car should be located to determine the ownership of the car.  If the...

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Should You Opt for a “Green Burial”?

When the word “burial” is mentioned, a common image conjured by most people is a coffin being lowered into a burial plot. However, you may not realize that many coffins are actually quite harmful to the environment. Why? Because coffins are often manufactured using chemicals and non-biodegradable material. Roughly one million pounds of metal, wood and concrete are put into the ground each year to separate bodies from the surrounding earth. In addition, embalming fluid, made up of formaldehyde and rubbing alcohol, is considered a Class 1 carcinogen by the World Health Organization, and can seep into the ground and affect...

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