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You may want to go to a lawyer about this and you can also ask someone that works in the estate business. You may want a trust instead since it minimizes taxes and the quickly be given to your son

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13y ago

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Do you want to know estate planning tips for selling property?

If you are looking for estate planning tips, the best thing to do is to contact a professional estate planner. If you are looking to enter into the field of estate planning, then you will need to be certified, in addition to a degree in law, finance or accounting.


What information should be included in a letter from the estate executor to the heirs or beneficiaries of an estate?

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How to Learn about Estate Planning?

One of the most important things that anyone who is getting up there in age can do for themselves is to start looking into estate planning. Estate planning is a process that can often be quite confusing and is best done with the help of a professional. No matter your situation, it is important to think about estate planning at a certain point in life. While it may feel like you’re on your own, learning about estate planning doesn’t have to be difficult.In general, the best way to deal with estate planning is to work with a professional who deals with it on a daily basis. Since the process of estate planning can be convoluted, doing it yourself could lead to making costly mistakes that you end up regretting for years. Professional estate planners, however, do this type of work every day and know the ins and outs of the system. If you can find one who you trust to make the right decisions for you, you will find that you will be far less stressed about your situation than if you had chosen to do otherwise.While employing the help of an estate planner is crucial, it is also important that you know as much about estate planning as possible, as any knowledge that you can get behind you will assist throughout the entire process. Learning about estate planning is far easier today than ever before, as the internet is full of resources that explain every aspect of the process, as well as what to watch out for when working with an estate planner. Also, it is quite common for estate planning professionals to give seminars and talks on the subject, during which they often pick out tips that can be instrumental in helping you get through the process.In the end, estate planning doesn’t have to be hard so long as you don’t take it on yourself. Hiring an estate planning professional and learning all you can about the process will ensure that things go as smoothly as possible.


How can you plan an estate?

Everyone should create a will, and even people who have few assets should create one. A will is a legal document that directs your assets to be distributed in the way that you would like. If you die without a will, you will leave the decision up to the courts. Creating a will requires you to think about your wishes for the distribution of your assets after you die. The first step is to list all of your accounts and determine who will inherit what. Your estate plan should begin with an inventory of your assets. An inventory will save you time when talking to an attorney or spouse about your assets and liabilities. Keeping this inventory in a safe place is also helpful because you may need to update it in the future. Make sure to include any assets that will need to be transferred after your death, such as payable-on-death accounts. These accounts, also known as transfer-on-death accounts, will pay out to a designated beneficiary without going through probate. Estate planning is a process. Once you have completed your plan, you'll need to get other professionals involved. You'll need a financial planner to review your financial situation, including your assets and your finances. You'll need to keep this information updated as your circumstances change, as well as any changes to the law. It's important to review your plan every few years to ensure that your wishes are being met


Why should a property be sold with a top real estate agent?

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What has the author Earl S MacNeill written?

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Does anyone know of a good estate planning attorney in Seattle Washington?

It's your lucky day! I just finished doing my estate planning and working through my father's probate. We used Seth Feldman from Feldman Law, PLLC. He was incredibly attentive to my husband's and my needs. I also found that he made a point of being sensitive to our family's money problems.