Many of the scientific advances in medicine have come from research. Some of that research has been done on deceased individuals, including some Delaware residents, who donated their bodies to science. Many people are listed as organ donors on their driver's licenses, but not as many people may know that you can donate your entire body to science as part of your estate planning.
Every adult in Delaware may want to find the time to think about who will inherit their property upon death. However, certain events tend to trigger the desire to conduct estate planning such as marriages, births and deaths, among other things. Regardless of the event that brings people to create an estate plan, they will more than likely have numerous questions.
A prenuptial agreement will more than likely not be enough to cover the concerns of Delaware residents who marry more than once and later in life. Protecting children and assets from a previous marriage may be a major concern for one or both parties. A prenuptial agreement often serves as only a part of the estate planning that needs to be done under these circumstances.
In Delaware and elsewhere, virtually every adult confronts certain issues and challenges when they think about their legal estate and the possibility of becoming incapacitated at some point in their lives. Many same-sex couples experience additional challenges as they consider estate planning issues. Perhaps one of the primary, and potentially most important challenges is the legal status of their relationships.
Many Delaware residents are fortunate enough to find love a second time in their lives. Getting married for the second time often brings with it financial issues that need to be worked out between the parties. Some may forget that estate planning should also be looked at since each party may bring their own assets, debts and children to the marriage. How those assets are controlled and passed on after death depends on the parties.
After spending a lifetime caring and providing for family members, many Delaware residents make arrangements to provide for them after death as well. Unfortunately, those residents might forget that estate planning is about more than just dividing assets. It also includes making provisions in the event that they become unable to care for themselves at some point later in life.
Delaware residents may take steps to get their affairs in order and provide for their families after their deaths. When they do so, they may want to consider structuring their estate planning in a way that makes the job of their executor easier. Not only does this relieve some of the pressure on the executor, but it could also hasten the probate process by reducing or eliminating the potential for unnecessary delays.
Whether a Delaware resident is 18 or 80, making arrangements for death or incapacitation is crucial. It is not only older people or those with families who benefit from estate planning. No one knows what will happen in the future, and news headlines filled with young people who lost their lives or suffered critical injuries can attest to that fact.
Nearly every Delaware resident has some sort of online presence. Whether individuals simply have a Facebook account, save photos to the cloud or do their banking online, these accounts require attention during estate planning. Because the laws are still trying to catch up with the digital age, people need to take extra time and care to ensure that their digital assets are accounted for after death.
Delaware residents spend time and money putting together a plan that takes care of them if they become incapacitated, and their families upon death. Once they are pleased with their estate plans, they put them away for safekeeping until they are needed. This could be a mistake because they might miss one crucial part of estate planning -- the review.