It can be hard to stay on top of all of the changing media, electronic devices and social media websites. The majority of Americans have at least one kind of digital account like e-mail, Facebook or Twitter. But, what happens to these accounts when you die? It is important for people to know how to incorporate social media into an estate plan as part of their estate administration.
When Washington residents execute their wills, they appoint an executor to wrap up their affairs. The executor pays off debts and taxes and pays out the inheritance to the heirs according to the will. After a few months, the executor's work is typically done and the estate is settled. However, there are types of estate plans that call for much longer term estate administration.
Washington's many music fans may remember Bill Graham as one of the most powerful concert promoters of the rock era. With his Fillmore Auditorium in San Francisco, Graham had a front-row seat to the flowering of the music business on the West Coast from the Summer of Love until the early 1990s. When he died in a helicopter crash in 1991, Graham left behind an estate worth at least $36 million. However, the precise value of that estate has been the source of litigation for years.