Everyone should have insurance, and being insured does, in many ways, help us sleep at night. However, as with many contracts (and remember, an insurance policy is actually a contract), disputes sometimes arise. It is not unusual for there to be a dispute regarding the interpretation of insurance contract terms. And, with insurance contracts, those disputes are often about coverage. That is, the insurance company may claim that, even though you have insurance, your claim is not covered. This can be frustrating.
How many emails do you get every day? Here’s an opportunity to sign up for email alerts that will provide value – and protection – for you and your clients. The Oregon Department of Justice has a free email alert.
Sumner Redstone, at 92 years-old and the controlling shareholder of his $40 billion media empire, Viacom Inc. and CBS Corp. has accomplished a lot. And a court recently ruled he can continue to make his own decisions, including deciding who should be his health-care agent.
Your time is valuable. You don’t need to be dealing with individuals or entities who have bad intentions or who are deceptive. You’re probably better off taking a vacation to the beach or the mountains than you are dealing with unscrupulous people. Take some time to learn about the party with whom you will be dealing before you obligate yourself or your company. You may find out that they aren’t who they claim to be.
SYK has been advising our clients, friends and colleagues about managing Digital Assets (your online accounts) for many years, lamenting the fact that the internet was outrunning the law. We’ve been writing about it, testifying before legislators, speaking at seminars and encouraging everyone to prepare a VAIL – Virtual Asset Instruction Letter.
We are happy to report that there is new light on the issue. Oregon has just become the first state in the union to pass RUFADAA: The Revised Uniform Fiduciary Access to Digital Accounts Act. Oregon Senate Bill 1554 was signed by the Governor yesterday and will become effective January 1, 2017.
The article, titled “Estate Planning in a Digital World,” focuses on the Uniform Fiduciary Access to Digital Assets Act (Oregon Senate Bill 369), Virtual Asset Instruction Letters (VAIL), and understanding what happens to your digital life after you pass
Recently a Missouri jury resolved a deceased real estate magnate’s estate by finding his socialite widow had used undue influence to gain control of his company. The “high-stakes drama” had a cast of characters, that included politically connected attorneys and allegations of a manipulative second wife that unduly influenced her ailing husband to change control […]
In the U.S., 2.6 million people die every year. How many had their affairs in order? How many left passwords and instructions for dealing with their online accounts and information?
As trustees, personal representatives, or family and loved ones left behind, how does one go about locating, accessing or managing important digital assets, such as electronic financial statements, digital family photos bequeathed to relatives, or wrapping up an online business?
Oregon’s recent House Bill 2780, sponsored by Rep. Julie Parrish of West Linn, seeks to diminish the potential for elder financial abuse by brokers with modifications to real estate regulations that govern property sales for older Americans. At first glance it might seem like the bill complicates sales for homeowners ages 65 and older, but […]
Earlier this week I received an interesting email from Allen Trust with a short Wall Street Journal article and video. It is a vivid illustration of how quickly finances can run amok when there is no plan for protection and preservation – regardless of your income level. As the saying goes, “The art is not […]