Estate planning isn’t only for the rich. Without a plan in place, there could be a long-lasting impact on your loved ones, even if you don’t have a pricey home, large IRA or valuable art to pass on. Are you still not convinced that estate planning is necessary?
So you’ve just been named an estate executor, given the difficult and delicate responsibility of balancing family needs with the most financially efficient options during an already emotionally charged time. Or perhaps you just lost a parent who has left you and your siblings with their home. Where do you start?
The co-founder of Microsoft serves as an excellent example of advance planning, maintaining privacy and creating a legacy.
It’s going to take more than a super hero to unravel the mess that Stan Lee left behind.
It’s one thing to fight with a sibling over toys when you are young. However, as adults, and more to the point, as an executor, there’s no room for tantrums or not acting in the best interests of the beneficiaries.
If you die without a will, you won’t have the opportunity to designate the guardian you want to care for your minor children. Instead, a judge will decide this.
Is there a bomb ticking quietly in your estate plan?
George Michael didn’t leave anything to Fadi Fawaz, who was George’s on-again, off-again partner since 2012.
To be certain the heirs you intend inherit the assets you intend, remember these points
The estate of one of America’s best loved country singers is facing a struggle…