Celebrity deaths tend to bring out mixed emotions in people. Some mourn the death of a beloved role model or icon, while others acknowledge a celebrity's passing without much emotion. However tragic the death of a high-profile individual might be, the celebrity's estate plan -- whether good or bad -- usually serves as an example of the importance of proper estate planning. The late Hugh Hefner is no exception.
Estate plans come in many shapes. They have to take your unique situation and needs into account. Each estate plan has to reflect your wishes and should make things as easy as possible for the people who are included in the plan.
Pet owners in California understand that their four-legged friends are more than just animals -- they are family. For how much love most people shower on their beloved pets, many fail to adequately prepare for their future care. A comprehensive estate plan can provide necessary instructions and finances for a pet after his or her owner has passed away.
Ask most people what an estate plan is for and you will get the same approximate answer -- it is for dividing an estate after death. However, this is just one part of estate planning, and only putting in the bare minimum with a will leaves people in California vulnerable, particularly as they near the end of their lives. Although it can be uncomfortable to discuss end-of-life wishes, health care directives can provide guidance during emotionally strenuous times.
Wills are valuable documents whether the testator intends to pass on a home, important family heirlooms or personal items of great value. While the role that a will plays in passing on physical assets is quite clear, many people in California are less certain about how their digital assets fit in. Because of licensing and terms of service, estate planning must be carefully utilized for digital property.