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Inheriting Money ? 4 Things To Do When Receiving an Inheritance - Retirement Planning Tips

Streamline Financial 12 views

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@vinyl1Earthlink
 I would just add - be prepared to write checks for thousands of dollars to lawyers and accountants, pay thousands in fees to the probate court, and travel from bank to brokerage house to bank with your executor certificate Don't even ask me about estate trusts and probate courts
Comment from : @vinyl1Earthlink


@clbcl5
 In my wife's case for her inheritance being 1 of 12 was/is very mis-managed Her parents trust specifically stated " immediate dispersal" in the trust instructions BUT here in Illinois the law states all the beneficiaries must be notified with a copy of the trust and an accounting of the trust within 90 days after the trust becomes irrevocable I did not find out about this law till 5 months after the 90 days were up A demand letter was sent to the attorney for the trust The paper work did not show up till 170 day late The immediate dispersal happened at day 375
Comment from : @clbcl5

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