Estate Planning is no longer simply planning for death and taxes. It is so much more and I here to help give you some insight into the various tools to ensure your estate is preserved for your heirs.
Tuesday, July 19, 2011
When a spouse dies
So today I have to go to court for a hearing to appoint my client as administrator of his wife's estate. Why? Because they had no plannin other than joint tenancy and the wife had received a large inheritance before death that was never deposited into thei joint account. This was therefore her separate property and therefore does not just pass outright to her husband. Now we need to open a probate and the money will be shared by husband and their two kids.
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