What Happens To A Bank Account When Someone Dies?
According to a survey report by FDIC, almost 124.2 million households (81 percent) have at least one household member with a bank account. While these numbers are staggering, how familiar are we with what happens to bank accounts when someone dies? There is an old saying– “We come with nothing, and we will take nothing […]
Assign An Executor Or Memorialize Your Online Account
Statistics Source : (https://datareportal.com/reports/digital-2020-global-digital-overview) Here are some mind-boggling statistics about Social media use—There are roughly 3.5 billion active users on social media, and 6.4 new accounts are registered every second. Typically a user has 7.6 social media accounts. Every day, they use social media for about 144 minutes and spend almost 7 hours online. In […]
How To Manage Your Digital Legacy?
The high tides of the digital revolution have changed ways of living. We produce, circulate, and store confidential information on internet based platforms. In this process, we leave behind a digital legacy when we pass away. However, in the 2017 Digital Death Survey by the Digital Legacy Association, 83% of participants stated that they had […]
How To Prepare A Digital Legacy Plan For Baby Boomers?
A study by Forbes says Boomers who use the internet have an average of 4.6 social media accounts. Facebook and LinkedIn are the two most popular platforms, and 82% of people use at least one. Did you know just over 20 years ago, only 7% of people around the globe were online? Currently, greater than […]
How to Find and Collect Unclaimed Inheritances?
One of the biggest myths about unclaimed Inheritance is that we probably don’t have it. You will be surprised to know that 1 in every 10 Americans has unclaimed money in one form or another. According to a report by The National Association of Unclaimed Property Administrators (NAUPA), states restored $14.86 billion in unclaimed funds […]
5 Simple Tips For Improving Digital Privacy
The internet is the most extensive global information base. And the US internet market leads the space with 33 million users. Also, with the advent of a digital era, we are bound to leave more digital footprints while accessing the internet. Hence, privacy in the digital age is paramount. Reportedly, a hacking attack occurs, on […]
Why Is The Power of Attorney Important?
You may travel and spend a lot of time out of the country. You may be aging and often wonder who to entrust with your end-of-life healthcare wishes. If you are a young parent, you may ask this uncanny question: who would take care of your children and aid them in their financial needs if […]
What Are The Rights And Limitations Of A Power Of Attorney?
Acceptance is the first step towards preparing for the future. It would be best to accept that life might not always be the same; circumstances change your decisions and path. Hence, it is essential to have provisions to tackle uncertainty. Furthermore, power of attorney is a legal way of temporarily or permanently designating someone to […]
What is a community property state?
Family is the basic unit of a healthy society. In a family, even if one partner earns more than the other, both own the assets equally. Hence, setting standards for the ownership of income and assets within a family is essential. That’s what community property does. It establishes a framework for marriage, wealth management, and […]
What Being Death Positive Means: Life, death, and Everything in Between
Have you ever encountered the term death positive and wondered, “What does death positive mean?” According to those who are death positive, speaking freely about death is not morbid or taboo. They view open discussions on death and dying as the basis of a stable society. Death positive refers to the idea that those around […]
