Why Beneficiaries Matter First, it's important to understand what generally happens to your possessions and property after you die. If you have a will, your loved ones must still go through theprobateprocess to get what you left them. This can get expensive, and it can take months or even...
[00:14:45] One of the things you have to do in probate court is you have to value the assets and probate court records are public records. So if I own a business and I have to file what I think the value is and then the heirs wanna sell the business, there’s not a lot of ...
All right, so, if you have a will, you don’t need to do probate, if you remember everything. Is that what I’m understanding? Jason Ponder: If you make provisions for everything, there is a chance that you will not have to go through the probate process, correct … Or possibly,...
For all these reasons, the overwhelming likelihood is that tax rates will go UP over the long term, and when they do, then OOPS! There goes the whole 401(k) “tax-deferral” argument. Reason #2: The 401(k) Employer Match “Free Money” Scam ...
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It’s understandable that thinking about the day you’ll part with this world is not something that you think of fondly. In fact, you probably don’t want to think about it at all, and neither do your loved ones. However, being able to ensure things go according to your preferences wil...
It's generally recommended that you give these end-of-life legal papers a checkup at least every few years unless there are reasons to do it more often. Things like marriage, divorce, birth or adoption of a child should spur a review, as should coming into a lot of money (i.e...
Hate going through the painful mortgage application process and paying a fee to borrow money Stocks felt fairly valued when I sold each time, although stocks continue to go up long term Finally accumulated a large enough net worth to do so ...
It is best to select primary and secondary beneficiaries for each of your accounts. Secondary beneficiaries are helpful in the unfortunate case your primary beneficiary passes away simultaneously or before you do. This step keeps your proceeds from slipping into probate court by passing funds directly...
I went with my realtor becausein 2016 she had sold a neighboring home in Golden Gate Heights for a massive premium. I was impressed with her professionalism when I corresponded with her and most importantly, with her results. The aforementioned house was a dump, had to go through probate, ...