Californians may have heard of an interesting story of reunion, and some unexpected inheritance, that brought together two families that never knew of their common ancestry. All of it was caught on camera as part of an Irish television show called "Dead Money" that tracks two genealogist brothers as they track down heirs of people who die without named heirs in Ireland.
Readers of the blog here in California know that setting up a trust can be an excellent way to preserve and utilize money for a specific purpose, or a specific person. Many estate plans include at least one trust, and they are favored because of the peace of mind and stability they can provide. However, one integral person in the trust can often be overlooked: the trustee.
People in California may have seen a recent article proposing ways in which people can protect their digital accounts and social media assets after death. While it's something many people haven't thought much about, these staggering statistics might be reason enough: there are an estimated 30 million deceased people with Facebook accounts, and people consider the value of their digital assets to be, on average, $55,000.
California residents may have seen the recent headlines about the Godfather of Soul, James Brown, and the turmoil surrounding his substantial estate since his death in 2006. Brown died at the age of 73 and left behind an estate purportedly worth anywhere between $5 million and $100 million. Up until late last month, his estate was the subject of numerous legal challenges from family members and people claiming to be family, but a court ruling may have finally settled the issue for good.