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Reply to "If your parent recently died (estate planning)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lawyer is familiar with federal and state tax law pertaining to inheritance and can help plan the estate to avoid losing 40% in taxes. A lawyer can also help put things in a trust in order to avoid probate.[/quote] Do you really need a trust with a house, brokerage accounts with designated beneficiaries, and one adult kid to inherit everything? Would not a will leaving the house to the adult child be sufficient? [/quote] The house goes into probate and can take a while- [/quote]
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