The man who played the proud, strutting, wealthy George Jefferson on The Jeffersons died last July. Sherman Hemsley, whose 1970s comedy show was filmed in Los Angeles, was never buried. A probate court had to decide whether the actor's will was sound and funeral plans were delayed.
Events like Hurricane Sandy make pet owners think about what would happen to a loved animal when owners were unable to care for them. Natural disasters and an owner's incapacity or death can separate a pet from a human friend.
Many people believe that having a will is all that is needed for a proper estate plan. The reason for that belief may be a lack of knowledge about other estate planning tools like the revocable living trust.
Term and permanent life insurance policies are used to help the very wealthy and the not-so-rich cover estate taxes or balance financial relationships among heirs. Estate planning experts suggest a thorough review of the purpose of the insurance before choosing between term or permanent policies.