Archive for February, 2010
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Family Wills
.which causes us to ask ourselves “ ARE WE REALLY PREPARED FOR THE UNEXPECTED?”
SOMEBODY IS RESPONSIBLE TO INSURE THAT FAMILIES HAVE A WRITTEN WILL IN PLACE !
As a two month vacationer in Honolulu, Hawaii, this blog writer was awakened at 6 am today by the country’s Civil Defence Alert Alarm Sirens alerting Island residents of the on-coming Tsunami. TV and Radio have been issueing guidance and directions repeatedly asking people to follow the instructions as given.
The TSUNAMI caused by the massive 8.5 earthquake in Chile, South America is due to hit Oahu and Waikiki area about 11:00 am. The Defence Alert people are suggesting only people along shorelines and low lying areas should be seeking to re-locate to higher ground during this alert.
With our 550 room resort filled with Japanese tourists, there is naturaly a high level of anxiety.
Initial reports already revealed more than 130 deaths have occurred at the earthquake site with many more expected, along with injuries in the thousands.
This disaster is one of those unexpected, or out- of- the – blue happenings that often claim the lives of many, and many, ( if not all ) were totally unprepared with their families.
This blog constantly reminds people to prepare written instructions as to what to do with their property, possessions and family by way of a written WILL or LIVING WILL, so that families are protected. The courts almost always honor your written instructions you leave for your families.
Our thoughts and prayers go out to all so severly affected.
Another reminder today, there is 23 days until you can take advantage of the American Diabetes Risk Test Day Mar. 23rd.
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Will planning
Will you believe it if I tell you that there many people who do not realize that they would not pass a glucose tolerance free test ?
To assist people to determine their own status, The American Diabetes Association has planned a national RISK TEST DAY, TUESDAY MARCH 23rd, for your convenience.
This is a wonderful opportunity. Please take advantage of it. There is only 24 days left until Mar. 23rd.
This author has been a 28 year TYPE 2 diabetic after being diagnozed with the disease never realizing I had .
The Worlds Wills Locations Registry supports your effort.
Change……..is a definition of grace under pressure!.
The most powerful tool each of us have for change , is our ability to change ourselves !
Many people may not even realize that they change with the times. or the enviorement around them. Changes in their immediate family thru illness, death, marriage, births, work place etc.
Amazingly enough, an important change in attitude regarding Wills and Estate Planning has been coming from new daughter-inlaws and son- inlaws that come into families who heretofore had not spent little time contemplating the value and importance of leaving written instructions for the future and welfare of their own children.
REMEMBER…..THIS IS YOUR LEGAL WRITTEN DIRECTIVES…..of what you want to have happen for your spouse/partner, children and other family members when you are not here to guide them.
The questions one must answer is, what will happen to your house, cars, boats, property mortgages, investments and insurance policies , your underage children, and the future of all your children?
AND AS IMPORTANT………is to REGISTER THE LOCATION OF WHERE YOUR WILLS AND IMPORTANT DOCUMENTS ARE GOING TO BE KEPT.
REMEMBER….it is your responsibility to record WHERE your WILLS are going to be kept so they can be easily located when needed.
SEEK OUT A WORLDS WILLS LOCATIONS REGISTRY for directions.
While the Winter Olympics are on in Whistler, British Colimbia, would you like to consider winning a Gold Medal as well ?
Do you realize that because you and your family have just completed your Family Will and a Living Trust, that you have qualified as the winner of a gold medal ? Well, at least, your family believes you are a gold medal winner for them, as you planned the protection of their future.
You mentioned you have three brothers, two of which are married and the third with a wedding in four months? You also revealed that you convinced the brother next to you, married with three children to also begin the planning of his estate for his family this month ?
That effort should qualify your brother then as a Silver Medalist shouldn’t it ?
The other two brothers however will not even qualify for the Bronze Medal because they do not as yet have any thoughts about estate plans for their loved ones.
Congratulations also to many others who took the vital planning step this month.
Permit us to also remind everyone of the Diabetes Risk Test Day, March 23rd. Only 25 days to go! Please request your glucose tolerance test to check if you have Type 2 diabetes?
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I AM, I AM, I WAS ?”
“Until I viewed your blog information about some of the unbelievable losses due to expensive settlement costs of some individuals of the world, and how my private Will information could be so readily available if my Will goes thru probate. !” Robert K., Corporate Vice-President, Reno, Nevada.
Whether a newcomer to the world of interactive thinking or a confirmed procrastinator, the functional experience of many individuals represents just a fraction of all there is to know within this ever-evolving field of estate planning.
Accept the fact that you have limited knowledge of the proper steps to take and ASK for guidance. Many millions more are just like you !
Step into the batter’s box and enhance your performance in your current role as head of the household, and expand your opportunities to have drafted a proper Estate Plan for your loved ones.
Your LEGACY depends on it ?
TUESDAY, MARCH 23rd, WILL BE AN IMPORTANT DAY FOR YOU IF YOU TAKE THIS TEST AND DISCOVER THAT YOU DO NOT HAVE TYPE 2 DIABETES.
THE WORLD WILL BE A BETTER PLACE IF YOU TELL AS MANY OF YOUR FAMILY , FRIENDS AND OTHERS AS POSSIBLE . !
I know…..I know……and I know we should be doing something about about drafting a Will and Estate Plan .
I am however, getting a better feeling about how to proceed after reading your blog material that suggests we make our Estate Planning a HOBBY with my family. That is an excellent suggestion !
I am no longer embarrassed about not having a Will or Estate Plan in place for my family after reading all the helpful suggestions about getting outside assistance from a lawyer, notary, financial planner, trust officer, banker,,or insurance agent.
With our home, cars, lakeside cottage, time-share, investments and other assets, I know my estate will exceed one million dollars and we had better address how we can protect as much value as possible of the estate for the future of our family.
R.M. of Mount Pleasant, CA.
Today’s wealthy are re-examining their estate portfolio’s after becoming aware of serious revelations about the Wills and Probate expenses incurred by some of their former colleagues.
The horrendous expenses of probate of the estate of the late John D. Rockerfelleer were $16,991,640.00 to settle an estate valued at $26,771,834.00 leaving only $9,780,194.00! A 63% reduction in value !
The Frederick Vanderbuilt estate story is just as glaring. $42,846,112.00 in court and legal fees to settle the $76,838,530.00 estate ! More than half of the estate value eaten up by court and legal fees leaving only $33,992,418.00 !
The Cecil deMille’s estate costs were $1,396,064.00 to settle that $4,043,607.00 estate.
The Walt Disney estate settlement costs were $4,789,888.00 for his $20,982,796.00 e4state !
The Elvis Presley estate costs were $3,542,083.00 of the $6,332,882.00 estate !
While these costs seem autrocious, IF the proper type of planning of the estate had taken place, less extra time would not have been required to accumalate and finalize the details of the probate would have been necessry
While some wealthy individuals spend considerable time and effort to accumalate these large estates, evidence is showing that far too little time was spent with family and other legal professionals in plans on how to protect more of the estate value to be available for the family.
Empower yourself to take the necessary time to investigate and learn more about how to draft an effective estate plan that maximizes the greatest benifit to your family !
Don’t lose any more than you have to because of lack of, or very poor planning. !
Some with these pet’s are aware these animals can get diabetes and have had to take them to a vet.
We want to get the attention of the human ANIMAL at the moment, to remind them again of the Diabetes Risk Test day, Tuesday, March 23rd.
How many have had a Glucose Tolerance test?
Only 28days left to think about it ?
Investing in precautions about good health is far better than investing in the stock market. This corner has not met a wealthy person who hasn’t said “ I would give ALL my wealth for good health.”
Thw World Registry of Wills supports your efforts to action.
These blogs are general public information and are not intended to be legal advice.
People should consult with their own financial advisor and legal professionals about any of the topics referred to in these blogs.
Remember, Tuesday March 23rd for a chance to take a DIABETES RISK TEST to confirm you do not have TYPE 2 diabetes?