Bobby’s Blog

The Importance of a Health Care Directive

As we age, there is a risk that our mental faculties will decline substantially or we'll suffer a sudden, unexpected health issue that leaves us incapacitated and unable to make important healthcare decisions. I've confronted this harsh reality with members of my own family. My father developed Alzheimer's and got to the point where he needed someone to step in and making important decisions on his behalf. Another tragic example is the mental decline of comedian Tim Conway, famous for his role on "The Carol Burnett Show." Conway was diagnosed with dementia and is "almost entirely unresponsive," according to MSN News....

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The Power of Being an Organ Donor

When it comes to planning your estate, an important issue that needs to be addressed is what you want done with your body when you pass away. Do you want to be embalmed and buried? Do you want to be cremated? Relatedly, you need to answer this important question – do you want to donate your organs? You are not required to donate your organs and, at the end of the day, it is your decision. Nevertheless, it is important to understand the potential impact you can have on other people’s lives if you decide to become an organ donor. For...

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Effective Management of Your Online Assets Critically Important for Your Digital Estate Plan

Ask yourself - what will happen to your Twitter account when you pass on? What about your Facebook account and Pinterest Board?  What about your photos shared on a variety of social media platforms?  These are important questions that need to be answered when planning your estate because your digital assets need to be part of that plan. Think about this - between 2012 and 2014, humans generated more data than in all of human history and the pace of that growth is only accelerating. Law Needs to Catch Up with Groundbreaking Technology There is an established set of laws for managing hard copy documents...

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How Your Estate Plan Can Be a Reflection of Your Values

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....

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Leaving the Ex In Control – An Estate Plan Nightmare

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...

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