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Estate Planning

Tips for artists

Most of us have pretty standard assets: bank accounts, houses, cars, maybe some investments or a pension. What happens if you own a copyright over works of art? The first question is whether you want anything specific done with your works of art. You can specifically...

Death and taxes

Someone once said that the only sure things are death and taxes. Sometimes, those come together. When you die, you still owe taxes for the year of your death. You could also owe back taxes, and Canada Revenue Agency will not forgive them because the person has died....

Digital access

I have written many times about digital assets, and how access to them after death can be extremely difficult. In Delaware, they recently took a giant leap toward increasing access. Since August 2014, if you are acting as a fiduciary, whether during someone’s...

Stolen identity

You hear about it all the time in the news: someone has had their identity stolen, and the identity thief has racked up thousands of dollars in purchases, destroyed the person’s identity, possibly even committed crimes in the real person’s name. It can be devastating...

A language lesson

Today, I thought I would talk about two terms that are commonly used in estates, but that most people likely don’t have any clue what the meaning is: abatement and ademption. Abatement happens when there isn’t quite enough in the estate to give everyone their gifts....