Selling an Inherited House
Inheriting a house can be a bittersweet experience. On one hand, it’s a reminder of the loved one who left it to you, but on the other, it can bring unexpected responsibilities and financial obligations. In most cases, a house, or other real estate, represents the majority of the value of one’s inheritance. If you […]
What To Do If My Loved One Dies Without A Will (Intestate)
Dealing with the death of a loved one is never easy, and it can be even more difficult when that person has passed away without a will. When a person dies without a will, the situation is referred to as dying intestate. This can be a complicated and stressful situation for the family and friends left behind, […]
What If An Heir Lives In A Different State Than Where The Estate Is Being Settled?
What if the person who died and left you an inheritance lived in a different state than you. Does this affect your inheritance? If so, how? The two main things to consider are taxes and real estate, and the two are intermingled. There are two types of taxes that will affect your inheritance: estate tax […]
Executor Notifications
One of the first and most important jobs of an estate executor is communication. The executor will likely be the first person to reach out to organizations, businesses, financial institutions, and government agencies to notify them of the deceased’s passing. For most executors the process is completely new, and they will need help through the […]
Help Executors Avoid These Common Mistakes
The role of executor is a complex and challenging job, with lots of potential pitfalls. While the most important decision, the one to hire a professional to help, has already been made, there is still plenty of room for a client to make mistakes. Not Reviewing the Will Regularly Fundamentally the executor’s role is to […]
What to Do When a Loved One Dies
After the initial jolt fades, and you are working through grief on your way to acceptance, there are practical tasks that must be taken care of.
How Best To Handle An Inheritance During An Economic Downturn
Over the last few months, economic uncertainty has increased dramatically. There are concerns about inflation, a potential recession, and declining house and stock markets. For beneficiaries waiting for an estate to settle this time has been even more frustrating as they watch values drop for assets they don’t yet control. While there are limits to what a […]
How To Value An Inherited Property
When inheriting a property, one of the first questions likely to come to mind is “How much is it worth?” Depending on the property type there may be easy ways to track down the answer, but there are a few things to consider as you decide on your next steps. Commercial vs. Residential If […]
Questions To Ask Your Wealth Advisor About Your Inheritance
Whenever you receive a lump sum of money, whether through an inheritance or another life event, your Wealth Advisor’s first recommendation will most likely be for you to invest it, their priority is always the growth of your portfolio and securing your financial future, so further investment will always be the best choice from their […]
Inheritance Advance Vs Bank Loan
If you are set to receive an inheritance and are anxious to receive the money as soon as possible due to some pressing financial need, you may have been disappointed to learn that the typical probate process can take quite a long time—an average of 17 months in the US. If you are in this […]