Broker Check

Baby Boomers- Estate

Probate is the legal process that wraps up a person’s legal and financial affairs after their death. During the probate process a person’s property is identified, cataloged, and appraised. In addition, probate makes certain any outstanding debts and taxes are paid. It can be a complex process, time consuming and expensive. In addition, Probate is a matter of public record and does not ensure privacy. Here’s a partial list of assets they may avoid probate: Property held in a trust, jointly held property (but not common property), death benefits from insurance policies (unless payable to the estate), property given away before you die, assets in a pay-on-death account, Retirement accounts with a named beneficiary.

What is the Value of Your Business?

Ascertaining the value of your business is important for a variety of reasons.

Put It in a Letter

A letter of instructions provides additional and more personal information regarding your estate.

What Is My Life Expectancy?

Estimate how many years you may need retirement assets or how long to provide income to a surviving spouse or children.