Connect with us

Business

Learn from Aretha Franklin: Get a Will

Published

on

While the Queen of Soul is known for her timeless songs, she also struggled with one of the common things many people forget to do before they die – have a will. Aretha Franklin wasn’t alone. Prince also didn’t have a will when he died.

No one wants to think of death, but not having a will means your assets from property, cars, and bank accounts can get locked up in the courts for many years if there are multiple people claiming rights to it. According to an AARP survey, 2 out of 5 Americans over the age of 45 don’t have a will.

This AARP story says there are 10 Things You Should Know About Writing a Will:

What is a will?

A will is simply a legal document in which you, declare who will manage your estate after you die. Your estate can consist of big, expensive things such as a vacation home but also small items that might hold sentimental value such as photographs. The person named in the will to manage your estate is called the executor because he or she executes your stated wishes.

A will can also serve to declare who you wish to become the guardian for any minor children or dependents, and who you want to receive specific items that you own.

What happens if I die without a will?

If you die without a valid will, your estate will be settled based on the laws of your state that outline who inherits what. Probate is the legal process of transferring the property of a deceased person to the rightful heirs.

Do I need an attorney to prepare my will?

No, you aren’t required to hire a lawyer to prepare your will, though an experienced lawyer can provide useful advice on estate-planning strategies such as living trusts. But as long as your will meets the legal requirements of your state, it’s valid whether a lawyer drafted it or you wrote it yourself on the back of a napkin.

Do-it-yourself will kits are widely available. Conduct an Internet search for “online wills” or “estate planning software” to find options.

Should my spouse and I have a joint will or separate wills?

Odds are you and your spouse won’t die at the same time, and there’s probably property that’s not jointly held. That’s why separate wills make better sense.

Who should act as a witness to a will?

Any person can act as a witness to your will, but you should select someone who isn’t a beneficiary. Otherwise there’s the potential for a conflict of interest. Some states require two or more witnesses. If a lawyer drafts your will, he or she shouldn’t serve as a witness.

Not all states require a will to be notarized, but some do. You may also want to have your witnesses sign what’s called a self-proving affidavit in the presence of a notary. This affidavit can speed up the probate process because your witnesses likely won’t be called into court by a judge to validate their signatures and the authenticity of the will.

Who should I name as my executor?

You can name your spouse, an adult child, or another trusted friend or relative as your executor. If your affairs are complicated, it might make more sense to name an attorney or someone with legal and financial expertise. You can also name joint executors, such as your spouse or partner and your attorney.

One of the most important things your will can do is empower your executor to pay your bills and deal with debt collectors. Make sure the wording of your will allows for this, and also gives your executor leeway to take care of any related issues that aren’t specifically outlined in your will.

How do I leave specific items to specific heirs?

If you wish to leave certain personal property to certain heirs, indicate as much in your will. In addition, you can create a separate document called a letter of instruction that you should keep with your will.

A letter of instruction, which isn’t legally binding in some states, can be written more informally than a will and can go into detail about which items go to whom. You can also include specifics about items that will help your executor settle your estate including account numbers, passwords and even burial instructions.

Where should I keep my will?

If you put the will in a bank safe deposit box that only you can get into, your family might need to seek a court order to gain access. A waterproof and fireproof safe in your house is a good alternative.

Your attorney or someone you trust should keep signed copies in case the original is destroyed. Signed copies can be used to establish your intentions. However, the absence of an original will can complicate matters, and without it there’s no guarantee that your estate will be settled as you’d hoped.

How often does a will need to be updated?

It’s possible that your will may never need to be updated — or you may choose to update it regularly. The decision is yours. Remember, the only version of your will that matters is the most current valid one in existence at the time of your death.

Who has the right to contest my will?

Contesting a will refers to challenging the legal validity of all or part of the document. A beneficiary who feels slighted by the terms of a will might choose to contest it. Depending on which state you live in, so too might a spouse, ex-spouse or child who believes your stated wishes go against local probate laws.

A will can be contested for any number of other reasons: it wasn’t properly witnessed; you weren’t competent when you signed it; or it’s the result of coercion or fraud. It’s usually up to a probate judge to settle the dispute. The key to successfully contesting a will is finding legitimate legal fault with it. A clearly drafted and validly executed will is the best defense.

To read the full story, go to the link.

Advertisements

Business

Providing Shelter

Published

on

City, partner agencies prepared to provide shelter to homeless during cold night

SAN ANTONIO (February 10, 2021) – The City of San Antonio and its partner agencies are prepared to provide access to shelter and services to those experiencing unsheltered homelessness as the National Weather Service expects much colder conditions across the region beginning tonight and into the upcoming weekend, as an arctic airmass moves south into Texas.

There are chances for showers and even thunderstorms on Thursday as an upper-level disturbance moves over the region. Best chances for wintry mix of freezing rain, sleet and snow is likely to be late Sunday into Monday, according to the National Weather Service.

“The City’s Department of Human Services and its partner agencies in homeless services assist individuals facing homelessness by providing outreach, developing a relationship, and offering services daily,” City Manager Erik Walsh said. “In critical situations like severe weather, the City and our partners work even harder to reach those who are unsheltered and direct them to a safe and warm shelter.”

Haven for Hope is open for all individuals experiencing homelessness. All clients sleep indoors and are given cold-weather clothing, including warm jackets.  

New clients should present to Haven for Hope’s Intake (currently operating out of the Donation Center at 1 Haven for Hope Way) between 7 a.m. and 3 p.m., Monday through Friday. Households with children are welcome at Haven for Hope any time of the day or evening, 24/7.

After hours and on weekends, individualized services are available, to include cold-weather sleeping accommodations and cold-weather kits (sleeping bags, hand warmers, snacks and hygiene products). With the imminent cold weather, after hours sleeping will be expanded.

In addition, the Salvation Army Dave Coy Men’s Shelter provides overnight shelter at 226 Nolan St. Nightly enrollment begins at 3 p.m. daily through 8 p.m. Individuals will have access to restroom and shower facilities, hygiene products, a bed with clean linens and meals. Individuals must be 18 years or older and provide a picture ID at the time of enrollment.

The South Alamo Regional Alliance for the Homeless (SARAH), in partnership with the City of San Antonio Department of Human Services, organized a collection drive for cold weather materials, including jackets, blankets, socks, and more. These items are available for street outreach workers and those in need at the San Fernando Homeless Resource Hub located at 319 W. Travis St. Community members wishing to donate new cold weather gear can drop off donations at the San Fernando Homeless Resource Hub from Monday to Friday between 1 and 4 p.m. 

The City of San Antonio Department of Human Services’ Homeless Division, Haven for Hope’s Outreach staff, and other street outreach providers, offer assistance that includes encouraging clients to access shelter services, coordinating transportation to shelter intake, and distributing cold-weather gear such as warm jackets and sleeping bags. 

Advertisements
Continue Reading

Business

Blazing Trails & Breaking Glass Ceilings

Published

on

Another HBCU Grad & Alpha Kappa Alpha Sorority, Incorporated member advances up the ranks.

Rosalind (Roz) Brewer, Board of Directors at Amazon and the current Chief Operating Officer for Starbucks will be leaving her position at the end of February to become the new CEO for Walgreens (Walgreens Boots Alliance, Inc.). Brewer is set to begin her new role in March. She will be the only Black woman leading a Fortune 500 company at this time.

Before becoming COO at Starbucks in 2017, Brewer’s accomplishments include her 22-year career at Kimberly-Clark Corporation, being the first Black and first woman to lead a Walmart business unit, she was president and CEO of Sam’s Club, and she previously served on the boards of Lockheed Martin Corp. and Molson Coors Beverages Co. Brewer’s work has focused on increasing minority representation in the workforce especially in leadership, expanding diversity, and growing companies and making them more competitive. In 2013, Brewer was named one the World’s Most Powerful Women by Forbes

Brewer is a 1984 graduate of Spelman College and member of Alpha Kappa Alpha Sorority, Incorporated.

Advertisements
Continue Reading

Business

Michele Ghee New CEO of Ebony / Jet Magazine

Published

on

By

LOS ANGELES, Jan. 19, 2021 /PRNewswire/ — Bridgeman Sports & Media has installed Michele Ghee as CEO of iconic brands EBONY & JET.  This historically rooted brand celebrates 75 years of chronicling Black life in America. With that, it now embarks on its future with Ghee boldly holding the reigns.  A brand known for unapologetically documenting the courageous contribution of Blackness to the American landscape, its new CEO states,  “Everything we say will come through the lens of Black journalists. We will ensure there is a safe space for Black journalism to thrive. I’m a little Black girl from Oakland, CA. I’m not apologizing for any of it. Our voices matter. We are History in the making!” 

Michele Ghee, Photo Credit: Maya Darasaw

I’m a little Black girl from Oakland, CA. I’m not apologizing for any of it. Our voices matter. We are History in the making!Tweet this

This titan of industry understands the privilege and responsibility of stepping into a leadership role within the culturally embedded Ebony and Jet brands. “Mr. Johnson was a visionary who operated with courage. He made a commitment to the Black American journey and in the process, he left an unforgettable legacy,” says Ghee. 

According to the new CEO, Ebony and Jet will hold true to those simple fundamental principles of documenting stories of Black Culture as it raises the brands’ profile to reach a global community. “Our brands’ main responsibility will be to focus completely on what our beloved audience wants and needs with bold informed editorial, brilliant content, and the opportunity to connect with like minded people. Paying homage to Mr. Johnson’s legacy means that my team will carve-out and create our own path. We will NOT succumb to the status quo.”

Of this appointment new owner Eden Bridgeman states, “We are honored to have Michele Ghee at the helm to steward these iconic brands. With a proven track record over a storied career thus far and a passion to bring her life experiences to Ebony and Jet we are excited at the future she will create. The next chapter of Ebony and Jet’s history will be told for generations to come and having her continue to authentically document, innovate, and uplift the culture will be keys to our success.”   

(PRNewsfoto/EBONY & JET MAGAZINE)

Michele Thornton Ghee is proud and honored to serve as the CEO of 1145 Holdings LLC. The company includes all assets related to Ebony and Jet. She is charged with creating the vision and activating the strategy for these iconic brands as she steers them into the 21st century. The Brand value proposition will be embedded in Information|Inspiration|Inclusion. Ghee has worked in the media and entertainment space for over a quarter of a century. She has generated billions of dollars in revenue while working for some of the most powerful companies in the world including WME, CNN, A&E, The History Channel and BET Networks. While at BET, Michele created and ran the first and only network for black women: BETHer. This award-winning titan of industry is an expert in many areas including; leadership, culture, strategy, customer service, revenue generation, diversity, equity and inclusion and relationship building.  She currently resides in New Jersey with her husband Tony and two kids Taylor and Jordan.

Advertisements
Continue Reading

Hot Topics