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SVTPerformance's Chain of Restaurants
Road Side Pub
End of Life Estate Planning
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<blockquote data-quote="FJohnny" data-source="post: 16761235" data-attributes="member: 191643"><p>A lawyer is a good idea if the executor of the will is thinking of not following exactly the expressed wishes of the deceased.</p><p></p><p>The last thing you need is to somehow set up a future family rift. Imagine the side that keeps the house putting it up for sale a week after everything is settled. They get half...or double what the executor estimated. One side or the other may now be upset.</p><p></p><p>This sounds like a fairly simple situation. Uncomplicated assets and few beneficiaries. Consider how the cost of legal advice or services like setting up trusts will offset any tax savings you are hoping to find. Selling assets, paying off debts and splitting net proceeds as per will is clean and transparent.</p><p></p><p>If the dollar numbers of either course of action are close strongly consider the action that will least risk future family harmony.</p><p></p><p>I wish you and your family strength as you go through this sad and difficult time.</p></blockquote><p></p>
[QUOTE="FJohnny, post: 16761235, member: 191643"] A lawyer is a good idea if the executor of the will is thinking of not following exactly the expressed wishes of the deceased. The last thing you need is to somehow set up a future family rift. Imagine the side that keeps the house putting it up for sale a week after everything is settled. They get half...or double what the executor estimated. One side or the other may now be upset. This sounds like a fairly simple situation. Uncomplicated assets and few beneficiaries. Consider how the cost of legal advice or services like setting up trusts will offset any tax savings you are hoping to find. Selling assets, paying off debts and splitting net proceeds as per will is clean and transparent. If the dollar numbers of either course of action are close strongly consider the action that will least risk future family harmony. I wish you and your family strength as you go through this sad and difficult time. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
End of Life Estate Planning
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