Fleming & Monroe, PLC

Estate planning for crypto assets can be a little different from traditional estate planning, as it involves digital assets that are not regulated by the same laws as physical assets. However, here are some general steps you can take to estate plan for your crypto assets:

👉Take inventory of your crypto assets: Start by making a list of all your crypto assets, including the name of the asset, the amount you own, and where they are stored.

👉Decide how you want your crypto assets to be distributed: Determine who you want to inherit your crypto assets and how you want them to be distributed. You can specify this in your will or trust, or use a separate document like a cryptocurrency will.

👉Choose a trusted executor or trustee: It's important to select someone you trust to handle your crypto assets after you pass away. This person should be familiar with how to manage digital assets, as well as have access to your passwords and private keys.

👉Secure your private keys: It's crucial to keep your private keys secure and ensure that your heirs can access them after you pass away. You can do this by storing your private keys in a safe deposit box or using a hardware wallet that can be passed on to your heirs.

It's important to regularly review and update your estate plan to ensure that it reflects your current wishes and the changing crypto landscape. We are happy to help with all of your cryptocurrency estate planning needs.

Jacob Fleming and Robert Monroe handle all cases at our firm and never pass off work to a paralegal. Come experience the small firm difference. We may be a small firm, but we get big results!

Here are the top 10 EXCUSES that keep people from getting their estate planning documents completed:

😮"I don't have enough assets to worry about an estate plan."
😮"I don't have time to deal with it right now."
😮"I don't want to think about my own death."
😮"I don't know where to start or what to do."
😮"I'm waiting for a major life event to happen before I do it."
😮"I don't want to spend the money on hiring an attorney."
😮"I'm too young to worry about estate planning."
😮"I'm not sure who to name as my beneficiaries or executor."
😮"I think my family will figure it out after I'm gone."
😮"I don't want to deal with the stress and emotions of estate planning."

Even as estate planning attorneys, it was easy for us to procrastinate getting our own estate plan done! We promise, though, the peace of mind is worth it, and we will make the process as painless as possible for you!

What is a BAD FAITH INSURANCE PRACTICE? This is when an insurance company is not being fair or honest with its customers!

Examples of this include:
* wrongly denying claims
* delaying payments without reason
* not investigating claims properly
* offering very low settlements
* not being clear about what a policy covers
* ignoring customers when they try to talk about their claims.

When insurance companies do these things, it's considered BAD FAITH. Customers have the right to be treated fairly and honestly by their insurance companies. Unfortunately, we see this happen way too frequently.

One way to ensure your insurance company is not taking advantage of you is to hire an attorney when you are in a car accident. Unlike the insurance company, your attorney has your best interest in mind and will be able to see right through these bad faith practices to get you the money you are entitled to.

Thank you for the awesome review, Stu. It was our pleasure to work with you and your wife and get your estate plan documents finalized in a timely manner.

If you are in a car accident:

🛑 Do not admit fault but do cooperate with the police.

🛑 Do not communicate directly with the other party after you leave the accident scene.

🛑 Do not post comments about your accident on social media.

🛑 Do not accept a check from the insurance company without consulting an attorney; oftentimes insurance companies try to give you the lowest offer possible.

Do you have LEGAL INSURANCE? Oftentimes employers will provide legal insurance as part of the benefit package and the employee might not even be aware.

Two well-known legal insurance companies are MetLife and ARAG.

Your legal insurance can provide different coverage for you with varying types of lawyers. However, one common covered benefit is the estate plan benefit where the legal insurance will cover your whole estate plan at little to no charge to you.

It doesn't hurt to ask your HR department if you have legal insurance. If you do, come talk to us! We accept most legal insurances!

Adulting is a part of growing up and getting your estate plan is an important step of making sure you are planning for and preparing for the future.

Did you know when we do your estate plan, we offer free YEARLY evaluations? If you've had a life changing event in the past year and would like to rethink your beneficiaries, personal representatives, etc we are happy to discuss with you for free and then make the appropriate changes for a minimal fee.

Life-changing events that may prompt a reevaluation of your estate plan include:

👉 Marriage, divorce, or the birth/adoption of a child

👉 Death of a beneficiary

👉 Significant financial changes

👉 Relocation to another state or country

👉 Health changes

👉 Changes in tax laws

👉 Changes in your relationship with beneficiaries

By regularly reviewing your estate plan with us it ensures that these documents accurately reflect your wishes and circumstances.

Meet Ivy and Luna. Last week these 2 sisters joined the Fleming and Monroe family. The Monroes had decided to purchase one puppy, but when Bob heard there were only 2 girls in the litter he convinced his wife they needed to buy both so the "sisters" could stay together. Having 2 puppies is a lot of work but they are such a cute addition to the family!

&luna

Thank you for the review, Phillip! We are glad you felt well represented by us!

❓ What is a WILL? A will is a document that says who gets your things when you die and who will take care of any children you have.
❓What is a POWER OF ATTORNEY? A power of attorney is a document that lets someone else make decisions for you if you can't, like about money or medical care.
❓What is a LIVING WILL OR ADVANCE DIRECTIVE? A living will is a document that says what kind of medical care you want if you can't say for yourself.
❓How OFTEN should I review my estate plan? You should review your plan every few years or when big things happen in your life, like getting married or having a child.

** Which QUESTION and ANSWER did you find most helpful! We'd love to know!**

We often hear many of the same questions from our clients which makes us think probably many of you are wondering the same things. Here are 5 basic questions and answers about estate planning. Let us know if you find this helpful! We have 5 more questions and answers we will be posting in the next few weeks!

⏩ What is estate planning? Estate planning is making a plan for what happens to your things after you pass away.

⏩Why is estate planning important? Estate planning is important because it lets you decide who gets your things, reduces taxes, and helps avoid arguments among family members.

⏩When should I start estate planning? You can start estate planning at any age, but it's more important if you have a lot of money or property, people who depend on you, or specific ideas about what should happen after you're gone.

⏩What documents are typically included in an estate plan? A will, a trust (if needed), a power of attorney (for legal matters), and a living will (for medical decisions) are common documents in an estate plan.

⏩Do I need a lawyer for estate planning? You don't always need a lawyer, but it's a good idea to talk to one to make sure your plan is legal and right for you.

If you are in a car accident, we are here to help!

Injuries from a car accident can cause suffering besides physical pain including emotional distress and mental anguish. Compensation may be available for these damages, which can include anxiety, depression, loss of enjoyment of life, and loss of companionship.

Once we finish someone's estate plan, a common question we get is, "Now, where should I store these documents?"

Because some of these documents might be needed in your lifetime, like your medical power of attorney, we actually advise against keeping them in a safety deposit box at the bank.

The goal is to keep the documents protected but also accessible! We recommend keeping them in a fireproof safe or box in your house!

Make sure your loved ones, who potentially would need access to these documents, know where these documents are kept in your house!

We recently had a friend's sister get into a car accident. She had caused the accident but was unsure of what the next steps were.

She was being told different things by the insurance adjuster, the police officer, the victims of the accident, etc.

We recommended that our friend still have his sister give us a call so we could give her some advice on how to proceed and navigate this headache.

If you are in a car accident and it is your fault we are still happy to offer free advice on do's and dont's after the accident. Just give us a call!

Collections that mean a lot to you during your lifetime, are not just about the items themselves, but more about preserving your legacy from generation to generation.

Calling all collectors!! I am an avid sports collector. For example, when I heard the Diamondbacks were giving out Corbin Carroll Rookie of the Year bobbleheads, I knew I needed one (or two).

If you are a serious collector like I am, it is important to you that your collections are well taken care of after you pass. Part of our estate planning documents allow you to specifically name who you would like to have inherit your collections.

Come see us and we can get this paperwork in place and give you peace of mind.

If your dog bites someone, which insurance policy do you need to have to cover the medical bills of the other person?!

A. Disability Insurance
B. Mortgage Life Insurance
C. Homeowner's Insurance
D. Health Insurance

The answer is C. You would submit a claim to your homeowners insurance policy if your dog bites someone. It's important to know exactly what your insurance will cover as some dog breeds are excluded from coverage!

If you are out on a leisurely walk and a dog bites you, what kind of attorney should you hire?!

A. Malpractice Attorney
B. Personal Injury Attorney
C. Criminal Attorney
D. Family Attorney

The correct answer is B; you need to hire a Personal Injury Attorney! Lucky for you, we are personal injury attorneys and offer free consultations. Come talk to us if you or someone you know experiences a dog bite!

When it comes to your estate plan, our job is to make sure all of your wishes are clearly and accurately included in the verbiage of these important documents.

Sometimes we get asked if a donation to a charity can be included in an estate plan! The answer is YES! Come talk to us about different things to consider with a charity in your estate plan! We are happy to help!

Did you know when you set up a trust you can set terms for which your beneficiaries can receive their inheritance?

For example, you could say your beneficiary needs to be employed or in school before they receive their portion of the estate. You can also designate some of the funds to be used for certain purposes such as education or to purchase a home.

The nice thing about a trust is it's your money and you can be as specific or general as you want when you create your trust. We are here to help make sure that the language of the trust reflects your wishes.

It may be tempting to take the Do-It-Yourself route for your Will creation, but oftentimes this can lead to a mess later.

Imagine minding your own business grocery shopping and suddenly slipping on a puddle of liquid and falling and breaking your wrist. Unfortunately "slip and fall" injuries at stores, restaurants and other places of business are quite common.

The question is, what do you do next?
What kind of attorney do you hire to help?
Is there such a thing as a slip and fall attorney?

The answer:

You can hire a personal injury attorney. At Fleming and Monroe, we handle these kinds of cases often. We do not charge anything up front and only get paid if we get you money. If you fall at a store and get injured, give us a call and let us help you navigate this uncertain time.

There are many life-changing events that may prompt a reevaluation of your estate plan, some include:

👉Marriage, divorce, or the birth/adoption of a child
👉Death of a beneficiary
👉Significant financial changes
👉Relocation to another state or country
👉Health changes
👉Changes in tax laws
👉Changes in your relationship with beneficiaries

At Fleming and Monroe, we offer free yearly evaluations to our estate plan clients! This allows us to review any life changing events that may have occurred in the past year, with a goal of ensuring that our client's estate plan always aligns with their current wishes and circumstances.

Thank you, Tyler, for the review. We are happy to know that you were so pleased with our services you'd refer us to your friends and family. That is quite a compliment!