Digital accounts, pets and many other items are sometimes forgotten when planning for your estate.
There are many complicated and important items that an estate planning attorney will bring to your attention during estate planning but sometimes the important, though seemingly small items, do not easily come to the surface, according to the Lake County News in “Estate Planning: Important but sometimes unaddressed estate planning issues.”
Some of the overlooked items are:
- It is important to decide what should happen with any digital assets you have. State laws differ about how digital accounts should be handled and who can have access to them. Make sure your attorney knows what digital accounts you have.
- If you want to make sure your pets are taken care of after you pass away, then you need to let your estate planning attorney know that.
- If you have any dependent adult children still living at home, then you might need to make special plans for them if they are not able to care for themselves.
- You need to make sure that any life insurance policies and retirement accounts have alternate beneficiaries listed in case the first beneficiary predeceases you.
Reference: Lake County News (Nov. 12, 2016) “Estate Planning: Important but sometimes unaddressed estate planning issues.”