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Monthly Archives:March 2012

As Parents Age, Preparation Is In Order

March 30, 2012

More than 42 million individuals provided daily care for an adult family member in 2009, according to data published by the American Association of Retired Persons. Nearly 62 million more provided at least some care throughout the year.

That number will likely continue to grow as baby boomers age. So what can children do now to protect the long-term interests of themselves and their loved ones? A representative with AARP encourages families to have candid conversations about future care options….

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Young Can Benefit From Estate Planning

March 23, 2012

For the younger set, death is perhaps decades away. But that doesn’t mean estate planning should be too. As several legal and financial experts agree, it is important for young individuals and families to establish wills — or at the very least, appoint a guardian for minor children in the event of an unexpected passing.

In the state of Florida, if an individual dies without a will, the courts will take charge of establishing guardianship and distributing wealth….

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Facebook Could Be Considered Part Of Decedent’s Digital Estate

March 16, 2012

More than half of all Florida residents possess a Facebook, blog or other type of social media account. It’s where friends share photos, memories and sometimes, private information. But what happens when a user passes away?

Lawmakers and attorneys in at least two states are considering proposals that would make Facebook and other social network contents part of a decedent’s digital estate. The proposals would grant family members and loved ones access to the deceased’s personal, online records and accounts….

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81 Year-Old Wins Lottery, Establishes Trust

March 9, 2012

An 81 year-old woman who won a whopping $336.4 million Powerball jackpot this week accepted the sum under the name Rainbow Sherbet Trust. She claimed a total of $210 million distributed in one lump payout.

The trust was so named because a family member’s craving for ice cream led to the purchase of the lucky lottery ticket. The elderly woman bought the ticket while accompanying her relative to the store last month. However, unlike many past winners, she resisted the urge to claim her prize immediately….

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