Kevin O’Brien discusses how social distancing changes the debate over electronic wills in his latest article on The Recorder. As the COVID-19 virus continues to spread through communities, the prospect of offering people electronic wills, remotely executed and virtually witnessed, has a whole new appeal. Proponents of electronic wills want to bring the low cost and convenience of electronic transactions to the world of estate planning. Allowing consumers to shop for estate planning services online and create and sign wills from the convenience of their homes makes estate planning more accessible and affordable. The risk of fraud and undue influence, the argument goes, is always present in estate planning transactions regardless of the medium used to execute the documents. Any increase in risk is offset by the many advantages technology provides. The COVID-19 pandemic adds a new and weighty argument in support of electronic wills: public health.
Link: https://lnkd.in/dTQH5qe
Married couples often don’t give much thought to the characterization of their property as community or separate. In general, community property is all real or personal property acquired by a married person during the marriage. Separate property is all property owned by the person before the marriage, all property acquired by the person after marriage by gift, bequest or devise, and the rents and profits from the person’s separate property.
Legal Aid Marin & MCBA 2016 Pro Bono Appreciation Luncheon
Owners of traditional Individual Retirement Accounts (IRAs) may use a special rule to achieve substantial income tax savings while benefiting charities of their choice. They may transfer up to $100,000 from their IRAs to charitable organizations without incurring income tax on the IRA withdrawal
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