Life and Death Online: Who Controls a Digital Legacy?

AlisonAlison Atkins died on July 27 at age 16. Online, her family is losing its hold on her memory.

Three days after the Toronto teen lost a long battle with a colon disease, her sister Jaclyn Atkins had a technician crack Alison’s password-protected MacBook Pro. Her family wanted access to Alison’s digital remains: Facebook Twitter, Tumblr, Yahoo and Hotmail accounts that were her lifeline when illness isolated her at home.

“Alison had pictures, messages and poems written that we wanted to keep to remember her,” says Ms. Atkins, 20, an undergraduate at the University of Toronto.

But using Alison’s passwords violated some of those websites’ terms of service, and possibly the law. None of the services allow the Atkins family—or any others—to retrieve the passwords of the deceased. Sigue leyendo

Estate Planning Considerations for Young People

Estate planning is not just for older or wealthy people, younger people need an estate plan if they have minor children or to be prepared in case of a serious injury or accidental death.

Younger people who participate in risky sports or activities like skiing, cliff diving, car racing, or even boxing should consider the possibility that they could become seriously injured and require long-term medical care. Even worse, your untimely death could result from these activities.risky Sigue leyendo

Life insurance: crucial or not?

No one denies life insurances are crucial for the support of the family in case one of the revenue providers decease. The family must keep going and paying out general expenses, mortgages, education, etc and with no revenue or just one of them might not be enough.

But it is also very important letting your loved ones to know that there is one to cover this kind of events and how to act when the moment arrives. There have been a lot of cases where life insurances are not called to satisfy beneficiaries just because they didn’t know about it. Last year just in the US 10% of life insurance policies where unclaimed.

To do this DynamicWill offers its help among other free of charge services.

 

A real life experience

Today on MyPatrimony.com will talk about how important is the Living Will based on Carmen´s point of view. An alias to respect her privacy according to her instructions.

Carmen told us that it is not common talking about death and that it is a subject most of us do not feel comfortable to talk about. In her own words:

 “having this conversation might be a gift for parents and children”.

From Mypatrimony we completely share Carmen´s wisdom and we´d like to add that despite all this mainly for your kids, knowing your parent wills regarding medical cares to be received when they cannot decide for themselves is an invaluable gift.

This is precisely what happened to Carmen. Her 79 years old dad told her what to do if due to his cardiovascular disease he was kept in a vegetative state or close to death.

Carmen´s dad has always been in good condition but he was experiencing the first memory lack symptoms quite common at his age, but he was never hospitalized.

It was just june last year, one year ago, when he had his first heart stroke. After several exams doctors told them both that his heart has suffered a lot and that its state was weak so it was likely to suffer more strokes but they also warned them of the high risks of entering into surgery at his age.

After talking to the doctors they remain sad and thoughtful: they will face death again since Carmen´s mom died 5 years ago. Memories where more alive than ever.

Convalescence lasted around twenty days, therefore they talked a lot. Her dad had a good sense of humor and he knew how to say sad thing drawing an smile in his face. Was one of those afternoons they spent together at the hospital room when he told her he had been thinking about living wills and that he had decided to have it done, because under any circumstance he wanted to go under a risky operation to enlarge what nature considered as expired.

Carmen instantly got her dad´s message and when he said to her:

“I trust you”

she knew he decided it was her the one to make his living will.

After twenty days, Carmen´s dad went out of the hospital but none of them knew he was coming back really soon.

Not even one week afterwards Carmen received a call from the hospital. When she arrived her father was unconscious. He suffered another stroke even stronger than the previous one. Doctors told her that they needed to get him into surgery right away to try to safe her father´s life but with any warranty.

So, she came back to the room where her father lied and she realised what she was going to do: what her dad wanted to as express by himself in his living will.

She said to the doctor her dad had a living will where he decided he only wanted to have palliative care if he founded himself in a situation like the one he is now. So it was done and after three days he decided not to awake anymore. Her father died in peace.

This is the message Carmen wanted to share with MyPatrimony and she sends to all of you reading this page:

“If you do not know what your parents´s wills are regarding how to behave in an extreme case, in case they are in the verge of death, you have to ask them right away. If you are a parent you better do it now so you help your children to talk about it as my father did. Every day I miss him, but I know I have acted as my father wanted me to and I am sure he would have done it the same for me.”

A few days after her father died Carmen signed her own living will, so the person she designed as representant will be the one who does the same she did for her dad and it looks like if some of her family and friends have done it too.

If you haven´t done it yet please start to question yourself about the importance of having an instrument like this, so you can DECIDE about such an important and personal issue as your own life.

Complement your will with a farewell speech

Leaving a written farewell speech that will be read or viewed at your funeral or just in the privacy for your very close family members is something that you have thought of but never did because haven´t found the time nor the right place to keep your last words.

Apprehension to think about own death have to be overcomed. We have to realise that as much as we have done prior to our death will make us feel safer and in peace during our lifetime. Death arrival is going to be for sure but no one knows when.

Usually in many countries farewell speeches are written by family members and read in the funeral to remember happy moments and some anecdotes of the deceased life. Now, with our service Farewell Speech, family and friends will be the ones who will hear your words and will be a real gift for them. Remember that the one who says goodbye is the one who leaves.

Besides, it is possible to send not just text but videos, presentations or photos that might have an special meaning for you and that you would like to share with the people you love.

How do your loved ones get to know the existence of your farewell speech?

Quite simple. Just after completed your free register at MyPatrimony.com, you will have to name your executor or trusted person who will communicate your decease and start the process. In that very moment the specch will be delivered to the people you chose. That people could be your executor or any other you decided when bought the service.

If you need more information please do not hesitate to contact us writing to info@mypatrimony.com

 

 

Living will: Its origins

The origin of the living will is attributed to Luis Kutner, Chicago lawyer International Amnesty co-founder in 1961, who since 1967 is defending its public implantation and in 1969 published in the Indiana Law Journal a model to express your will related to medical cares in the case of a terminal disease.

The living will in the US legal doctrine remits to the instructions given in the end of the life. Later on to this document there was attached a durable power of attorney whereby it is named a representative so he/she can take any decision according to patient wishes. Both documents are included in the Advances Health Care Directives.

En España, el testamento legal ha adquirido estatus legal en el 2002. La Ley regula los registros de carácter público denominados registros de instrucciones previas (término legal sinónimo y equivalente a testamentos vitales odocumentos de voluntades anticipadas) en todas las Comunidades Autónomas y un Registro nacional. Las Comunidades autónomas han publicado las respectivas normativas y ofrecen información y en numerosos casos modelos que siempre pueden ser modificados por los signatarios.

Making a last will and testament in the US

In the US current legislation does not establish limits nor compulsory heirs as in most countries in the rest of the world. Testator has the freedom to include in last will people or organizations without the constraints that other legislations impose to protect the family specially next of kin. Bearing in mind that your decisions might not interfere with spouse rights that can be contained in individual state laws.

Besides the estate distribution when the person dies without a will the court has to first of all probate that estate and secondly name an administrator for that estate. This is a long and expensive process. In most cases all the estate unknown by the court either because is abroad or just because it is difficult to certify is lost.

US intestate laws vary from one state to another. Most current succession legislations determined according to next in kin heirs and if there is no any, the estate passes to the state.

10 main reasons to make your will and testament

 

 

Today from Mypatrimony wish you all a happy weekend, but before you come back home with your family and friends and enjoy with them, we leave you this list that according to us the 10 main reasons why making your last will is so important but not just that but update it and make it easier for your loved ones using our free tool to register and plan your estate by clicking here:

 

1) Your children

2) Your spouse

3) Your family as a whole

4) To protect the outcome obtained with the efforts and work of your life

5) To avoid complications and unnecessary expenses for your heirs once you passed away

6) So you are sure your real last wills are known by those you want

7) To avoid the State gets the whole or more than necessary if you have no heirs or cannot locate them because unknown or abroad

8 ) To assure your estate is transferred to the people or organisms you wanted

9) To avoid that certain assets do not get to the people you would have wanted because you did not said that in advance

10)  In summary, to be just you who decides about your estate not others

Wills are the classic option for the wealthy

There are a number of different ways of going about transferring wealth to the next generation. The best known and commonly used option is a will. These legal declarations are extensively employed by the wealthy; our research establishes that more than three-quarters of high net worth individuals around the world have wills.

In the US, almost everyone has a will (94%) and this is only slightly less commonplace in Europe (87%), whilst in Asia and the Middle East this stands at around 50% on average. The uptake of wills within countries is influenced by whether or not “heirship” laws exist, which spell out how part or all of a deceased’s estate must be divided. Such laws are common in civil law jurisdictions, such as in France, Spain, Italy and Latin America.

In Japan, individuals do not typically write wills, instead they express their wishes in general and polite terms, and the family reaches consensus on how assets will be distributed. Birth order is a key determinant here, and sometimes all the property may go to the eldest son. This approach is in keeping with the culture in Japan. Shimon Takagi, Partner at White & Case in Tokyo explains that there is a common view across East Asia that, “property is not your property; you are only borrowing it… We don’t have a strong desire to control something after we die.”

Some 69% of wealthy individuals have revised their wills at least once and 26% have revised them three or more times. These will revisions are predominantly driven by financial reasons and life-stage events. The top four reasons for revising wills in order of importance are: an increase in wealth, tax efficiency/tax planning, marriage/new partners and birth of a child.

Source: Barclays Wealth Insights.

 

Dog Last Will and Testament

Yes, you can include your pet in your last will and testament. Believe or not some of these best friends inherit a lot of money, even properties, from their wealthy legators.

Read more: http://es.scribd.com/doc/82208077/Dog-Last-Will-and-Testament