Signed, Sealed, Delivered - It's Their's
(ContentDesk) March 8, 2004--My last few articles have focused on various end-of-life issues that were made very real to me due my mother-in-law's recent death. In this article, we'll discuss the simple steps you can take that will make dividing your personal possessions easier on your family.In many cases, the division of personal assets gives rise to family conflicts and disputes. There's the family china, the furniture, clothes, guns, jewelry and other collectibles. The disposition of these items is often handled in a Will or Living Trust with a statement such as "divide my personal possessions equally among my children". But this isn't very specific and can easily create disagreement.
(Mr. Voudrie responds to questions from readers on an almost daily basis.
If you would like clear straightforward unbiased answers to your financial questions, contact e-mail protected from spam bots)The death of a loved one is always very emotional. Personal possessions take on greater significance than they ever had before. Before your death they were just knick-knacks, now they're pieces of you that your loved ones will cling to in their time of loss.
Your old rocking chair, string of pearls or favorite hunting rifle become poignant reminders of good times and pleasant memories.They've lost you, but they don't want to lose what you left behind. Anger, greed, resentment, past injustices, and more all come to the surface, mixed with the loss, shock and grief of death. In normal circumstances, these emotions would be easily controlled. But when combined with the grief of loss, things can be said and done that would make a soap opera producer blush.Everyone has heard of families locked in legal battles for years over who gets what. Brothers and sisters refuse to talk to each other ever again because they didn't get what they thought they deserved.
Prized possessions quickly disappear as heirs go through your home, taking what they want before the others get their chance. Suspicions run high, every action comes under close scrutiny, and there's more conniving and back stabbing than on an episode of Survivor. But it doesn't have to be this way.The good news is that most of this emotional mess can be easily avoided. Sure, your death will still be a traumatic event, but by taking some important steps, you can greatly minimize any confusion and strife. Instead of disposing of your personal possessions as a group in your Will or Living Trust, I suggest that you create a list separately and have your Will or Living Trust refer to it.
Your attorney can help. By having a separate list it will be easy for you to keep it up to date as your situation or desires change, without having to update your entire Will. It is important that you sign and date it, though.For example, one deceased client made a list of specific bequests shortly before her death. She even had a niece type up the list and date it. But she didn't sign it.
As a result, her wishes won't be carried out unless all of her beneficiaries agree to them.
Simply signing the list in this situation would have ensured her wishes were carried out.In order to facilitate your wishes being carried out, it is also important that your possessions are properly safeguarded until they are divided. Protecting and safeguarding your assets is usually the job of your executor. Many times, though, the person you named as executor doesn't know it or isn't aware that it is their responsibility to protect your assets.So I suggest you let the person you named know they are your executor. Let them know the location of your Will or Living Trust and where you keep the list that details how you want your personal possessions divided.
Explain to them that you want them to safeguard your possessions so they can go to the person you've name instead of the first person to take them!My mother-in-law is a great example. Knowing she had terminal cancer, she sat down with her family and explained how her possessions were to be divided. She let them know the location of her list. As difficult as the meeting was, it prevented countless problems after her death. If you have a specific question or would like more information give me a call toll-free at 1-877-827-1463 or go to www.guardingyourwealth.com.
You can also reach me by email at e-mail protected from spam bots. I will be happy to help you in any way I can.Mr. Voudrie is a Certified Financial Planner and the President of Legacy Planning Group, Inc., a Private Wealth Management firm in Johnson City, TN.
Flower Garden in Urban Environment
Small Flower Garden planning in a urban environment involves planning in a scarce environment. That is why it's important to know what to look for in that nook, niche, or corner. When creating that secret flower garden there are a few things to keep in mind.
Fist thing to consider in creating a flower garden is the choice of earth on which to begin your task. The Flower garden will have to be simply a suitable plot with suitable conditional. When you don't have much room at all the basic choice becomes no presence of earths bounty or a neatly organized small plot on which to produce the flowers and food you desire.
What kind of spot are you looking for for your flower garden? In the higher order of wants and needs, sun needs to be your deciding factor of spots.
You don't want to maintain a north plot, unless it were absolutely forced to you. Why? Because of too much sun light. Now a northern exposure might be okay for certain strong strains of flowers...
Flower Garden in Urban Environment
Financial planning > Flower Garden in Urban Environment
FRx - Microsoft Great Plains Reporting: design, upgrade and migration? overview for consultant
Microsoft Business Solutions Great Plains is main ERP application targeted to US mid-size businesses market.
Microsoft Great Plains is now moved to Microsoft SQL Server and so exposed to standard Reporting tools, such as Crystal Reports based on internal Crystal links or SQL Server view and stored procedure.
Also Great Plains, built on legacy Great Plains Dexterity technology has ReportWriter ? which is good, when you are modifying Sales or Purchasing Invoice form.
When we are dealing with Financial Reporting ? traditional and very powerful tool is FRx.
FRx connects to General Ledger and there you can apply account mask to summarize financial data at your will, create reporting tree, or combine Great Plains and Excel data on the same report.We usually do not see problems in FRx report design, however consultants are reporting multiple issues with FRx upgrade or remapping FRx when you migrate Great Plains from legacy platform (Pervasive SQL or Ctree)...
Financial planning > FRx - Microsoft Great Plains Reporting: design, upgrade and migration? overview for consultant
Fitness Tips For Looking Your Best On Your Wedding Day
Every bride wants to look perfect on her wedding day. Selecting a dress that will make you look and feel great is an important first step. But what happens when you look in the mirror and don't think you look quite as good as you could? When this happens it's not uncommon for brides to try quick-fix diets to help them get in shape. Unfortunately, many dieting brides make fitness mistakes that not only prevent them from reaching their goals but also cause unnecessary stress and sometimes even illness. Those are two things no bride needs!
Here are five of the most common diet mistakes as well as some tips to help you avoid them.
1. Too much, too late. One of the most important things to remember if you are trying to lose weight is to start early. For example, don't try to lose 20 pounds two months before the big day. The key is to plan ahead so that you can lose the weight (or just tone up) gradually.
So if you're dream-wedding day includes you being in great shape,...
Fitness Tips For Looking Your Best On Your Wedding Day
Financial planning > Fitness Tips For Looking Your Best On Your Wedding Day
Christopher Reeve Brought More Security To the World While Suffering His Disability Than Superman Did In His Prime
With the strength of Superman he proved that trauma, hope after trauma and the love of family are all important. Christopher Reeve went on to encourage the world by facing a most restrictive disability and demonstrating that every breath he took could be used to enhance his life and the lives of others. "This was a most charitable and brave man" said Jossel Ginsburg CEO of Ginsburg Financial Services ? www.ginsburg.com.au and Business Caf? ? www.businesscafe.com.au , "Christopher could have hidden from the world but, he had the courage to use his misfortune to benefit others. In the years that follow Christopher Reeve's name will grow, especially in the financial services arena. Anyone and everyone is subject to physical risks and his name is now synonymous with insurance and medical science".
We extend our deepest sympathy to the Reeve...
Christopher Reeve Brought More Security To the World While Suffering His Disability Than Superman Did In His Prime
Financial planning > Christopher Reeve Brought More Security To the World While Suffering His Disability Than Superman Did In His Prime
Successful PBS Television Program ?The Creative Life with Cheryl Fall? Goes National with Over 90+ PBS Stations and 100 Million Viewers across America - Show Announces the Addition of its New Uniquely Skilled Executive Producer Team
The Creative life with Cheryl Fall announced today the addition of its Executive Producer team, Stephen Lile and James Swisher. The team is expected to hit the ground running, using its experience in early stage companies, finance and media to increase the value of The Creative Life with Cheryl Fall. The program is already brought to over 90 broadcast partners across the United States. The Create Life currently reaches over 40 Million U.S. households.
The team will increase value by coordinating...
Signed, Sealed, Delivered - It's Their's Financial planning term life insurance Successful PBS Television Program ?The Creative Life with Cheryl Fall? Goes National with Over 90+ PBS Stations and 100 Million Viewers across America - Show Announces the Addition of its New Uniquely Skilled Executive Producer Team
Financial planning > Successful PBS Television Program ?The Creative Life with Cheryl Fall? Goes National with Over 90+ PBS Stations and 100 Million Viewers across America - Show Announces the Addition of its New Uniquely Skilled Executive Producer Team
Birthday Cards - Right Selection Is Important
All of us are becoming immune to the joy of birthdays. Unless it is our birthday, we show no interest in others to a great extent. Most of us have a list of friends and family members and on their birthday, we search the Internet, pick up an ecard and send it. Our duty is over. If by mistake, we miss the birthday, we will send a belated birthday wishes card.
How do we expect to develop and maintain close relations with this kind of approach? Birthday cards can cement any relationship beyond...
Birthday Cards - Right Selection Is Important
Financial planning > Birthday Cards - Right Selection Is Important
Fast and Exotic Cars: The Heat of Upgrading Builds Up
The hottest and fastest cars are invading the streets day in and day out. These cars radiate power, performance and stunning style. They are semaphore of status that any car aficionado would desire. Moreover, automobile engineers are upgrading car parts to achieve a different level of customer satisfaction in every ride.
Recently, Fast-Autos has revealed five stunning upgraded vehicles that are made available for the aficionados to enjoy and flaunt.
Jaguar...
Financial planning > Fast and Exotic Cars: The Heat of Upgrading Builds Up
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