Many people in Delaware focus a lot more of their attention on their retirement plan than they do on their estate plan. Although few people enjoy thinking about what will happen after they die, it is important for Delaware residents to plan how their property and affairs will be handled for the sake of their children and other beneficiaries.
Delaware residents may have heard that Robin Williams' family is engaged in a legal war over his estate. Though the comedian had a current estate plan and will, his third wife and three children are battling over personal items, such as his clothing, fossil collection, graphic novels and bicycles.
With modern technology comes a new class of assets, known as digital assets. They include online properties like a person's Facebook page, an online file storage account, a blog, email accounts and other social media profiles. Unless a person includes these digital assets in a will and gives the beneficiaries access to logins and passwords, the contents of those sites that may include year's worth of photographs, video, audio and written works could be deleted upon the account holder's death.
After the wedding, one of the most important things for a newlywed couple to do is to update their estate plans. Some updates are simple, such as changing the beneficiary designations on bank accounts, insurance policies and retirement savings accounts but others are more complex and may require the help of an experienced attorney.