The Parker Inheritance — Reader Q&A
5 Things You Should Know About Inheriting Money
Most people with a certain level of wealth to pass on struggle with its impact on the lives of their children. Here are five questions you should ask yourself as you plan how to pass on your wealth:. The Nevada estate planning attorneys at Marquis Aurbach Coffing MAC Law can help you put the proper legal protections in place to protect your loved ones and your assets. Contact us for Nevada estate planning expertise. Here are five questions you should ask yourself as you plan how to pass on your wealth: How much is too much?
Many times, clients come to us with a lot of questions about their estate or trust situation. Below are some of the most common questions along with general answers about what to expect. We hope it helps you start to make sense of your situation. Georgia probate law does not require an estate to be opened with the probate court. As a practical matter, however, most, if not all, estates should go through probate to protect against liability and prevent potentially costly problems in the future.
What do we do with this house miles away from where we live?
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Is probate necessary?
Talking about money is taboo. But asking your parents about your inheritance? That's a discussion more awkward than your seventh-grade school picture. For many people, however, it's increasingly necessary to have that conversation. As Social Security and other safety nets wither, more and more young adults are depending — rightly or wrongly — on inheritance to help bolster their long-term financial plans. A shocking 62 percent of millennials expect inheritance to help fund their retirement.
When it comes to inheritance, the guidelines of propriety are far from clear. But when it comes to inheritance — whether you're passing items down to family members and loved ones or you're on the receiving end — the guidelines of propriety are far from clear. How do you divvy up prized possessions between children? How do you tactfully tell a parent that you'd like to inherit some cherished piece, or gasp! Post, 67, is great-granddaughter-in-law of etiquette queen Emily Post and the author of more than a dozen books on the topic.