For individuals who establish an estate plan, a key task is deciding who to name as an estate's executor. Frequently, parents turn to an adult child to fulfill this role and all of the responsibilities that come with it. If you are named the executor of a parent's, friend's or other relative's estate; it's important to fully understand what that means as well as the specific duties you will be expected to carry out and complete.
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.
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.
Delaware residents who have lost the hard drive on their computer are familiar with the sinking feeling that accompanies such an experience. Questions suddenly arise about how thorough users were in their contingency planning. In a similar fashion, persons wanting to make sure they leave an organized set of financial affairs with their intended beneficiaries will need to back up their efforts with a completed and fully documented estate plan.