With Twilight New Moon and all the other vampire movies and TV shows like Vampire Diaries and True Blood so popular these days a question naturally arises:
Do vampires need to do estate planning (assuming they are undead in the USA)??
One could argue no they don't need estate planning because they are already dead or can't be killed. However, there is the possibility of running into a stake through the heart or having their head chopped off or getting trapped out in the sunshine.
So I say the better view is that yes even vampires need to have a good estate plan complete with wills and various types of trusts and all the other goodies. OK maybe they don't need an Advanced Health Care Directive - Medical Power Of Attorney, but they need everything else including proper life (or should it be undead) insurance to provide liquidity should they suddenly burst into flames.
Vampires need to be able to make sure they can pass their property on to themselves (preserve a good chain of title in the deed records, etc.) for each new identity they assume over the centuries, and they need to make sure that their little undead Dracula Jr. is taken care of should they meet up with Buffy The Vampire Slayer or something.
So what are you waiting for all you non-immortal undead? If even supposed immortal undead vampires need a good estate plan with current wills, trusts, and life insurance, etc., obviously all the rest of us need one even more. After all Obama, Pelosi, and Reid will be coming for your assets well beyond our graves.
Happy Holidays to everyone.
Gary L. Britt, CPA, J.D.
1200 Abernathy Road, Suite 1700
Atlanta, Georgia 30328
“Lawyer's That Mean Business”