No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
If your relationship with a close family member has fractured, you may want to disinherit that person.
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?
It’s a stinging feeling. To be left out of a will feels like a rebuke from beyond the grave. You’ll need to set aside your emotions and consider your options, which may be limited.
It’s going to take more than a super hero to unravel the mess that Stan Lee left behind.
Often overlooked, the beneficiary designation can be one of the easiest ways to move assets directly to heirs without going through the probate process.