Happy New Year

Happy New Year
Happy New Year

We would like to wish all our readers a happy and prosperous 2016.

Please continue to support us by sharing our content and inviting others to join our platform.

Start planning now in the new year.

The right to communicate

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The history of the Internet is a debated subject, but what we do know for sure is that the US National Science Foundation (NSF) funded the establishment for national supercomputing centers at several universities and provided interconnectivity in 1986 with the NSFNET project. This was the beginning of the Internet as we know it today.

That said, why, then, is 1993 an even more important year in the history of the Internet?

On April 30, the directors at the CERN laboratories in Switzerland, one of Europe’s largest research facilities, made a statement that would change the world. They declared that the WWW technology created by Tim Berners Lee three years earlier would be made freely available to everyone; no fees or licences required. It was a stunning and visionary announcement, very much in line with the decisions of other Internet pioneers.

As the worldwide web grew from those early days, we started to understand the implications of access to, or lack of access to, the net. Even back in mid to late 90s, there were significant forums arguing the case for universal access. Some even went as far as suggesting access to the powerful information and communication features of the Internet should be a basic human right: the right to communicate.

That gave birth to the term Information Superhighway, coined by Vice President Al Gore in a 1994 speech describing the future of computers accessing and communicating over a worldwide network.

Today, that superhighway is alive, thriving and flowing faster than ever.

According to some findings, in 1998 there were 50 million Internet users; eleven years later that figure had climbed to 1 billion worldwide. Today, more than 3 billion people – a little over 40 percent of the world’s population – have an Internet connection.

Furthermore, in a 2014 BBC report quoting IBM, 2.5 exabytes (2.5 billion gigabytes) of data were generated every day in 2012.

Staggering numbers, but who owns these data? As we’ve written in the past, ownership can be a legal minefield because much depends on who hosts the data and the jurisdiction where they are stored. Unfortunately, digital property laws have not kept pace with technological change so, inevitably, much of the data traveling along the Information Highway will be lost.

This can be prevented, however, if people realise the value of their data – be it financial or sentimental – and take a proactive approach to ensure it is well protected.

Types of Wills … Let’s Break it down

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Over the next few blogs we will endeavour to shed some light on the different types of Will options available in a bid to help you decide which works best for you.
A good place to start is with couples Wills, of which there are three different types, all quite similar to each other. Joint Wills, Mutual Wills and Mirror Wills

A Joint Will is a single document that two people or more agree to draw up which generally relates to sharing their property in a particular way.

This kind of Will is particularly common amongst married couples.
These Wills are normally identical or very similar and give common benefits. They tend to dictate that the surviving spouse should inherit all their property if they die first and vice versa. After the death of the second spouse, the property is shared as specified in the document. The law treats a Joint Will as being two or more separate Wills.

Mutual Wills on the other hand occur where two or more testators make separate Wills or make a joint Will and in doing so agree to confer on each other reciprocal benefits or agree to confer benefits on the same beneficiaries.

These kind of Wills have four basic requirements and a strict standard for enforceability:

1.      The agreement must be made in a particular form.
2.      The agreement must be contractual in effect.
3.      The agreement must be intended to be irrevocable.
4.      The surviving party must have intended the will to reflect the agreement.

A Mutual Will creates a binding agreement between the two parties which prevents the survivor from changing their Will and disposing of the estate in a different way. Mutual Wills are preferred by couples in a second marriage with children from a previous relationship or marriage.

Mirror Wills are exactly that, they “mirror” each other. The terms generally are similar and complementary. This is a legal document that allows a couple (married, civil partners or unmarried) to write down their wishes for when they pass away.

In all three cases these types of Wills are convenient and cost effective and they ensure that spouses are well taken care of if one dies and that the estate is passed to his children at death.

 

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Who is influencing your decision?

Over the years i have learnt that with adequate planning and careful decision making everything in life gets easier

But what happens if we fail to plan and get our life and affairs in order?

We often steer our lives in the direction of what happens to us in the future.  Some of us tend to make bad decisions and blame others. Some of us tend to let other people make decisions for us and then we blame ourselves or others when things don’t go the way we want them to.

I personally always make my own decisions based on the notion that if I listen to others and make decisions based on what they say, if things do not go right who should I blame?

Myself for listening or others for influencing me?

None of the above. I listen to the advice, words or statements other people might offer or say but the final decision is always mine. The decision is based on what I feel is right and best for me. That way if it goes well or bad, I know it was all me.

I am solely  responsible for my actions and their outcomes. Just as everyone else is. Life is full of ups and downs. If you constantly give yourself reasons to  fight with your inner self, how will you conquer your battle against society and the world?

As a result i like to try my best in planning and organising everything. From my finances, career, profession, holidays to my digital accounts.

Every little detail counts and that is why i personally have an account with PlannedDeparture for my digital assets. All my social account information and pictures and music are safely stored because i do not want to risk losing any information.

Just as we have measures guarding our physical assets, our digital assets are equally important.

With every step remember PlannedDeparture isn’t just here to help your loved ones in future but to support you by assuring your digital assets are safe and secure.