When a person dies, his or her relatives will usually be involved in probating the Will or having an administrator of the estate named. Either an executor or administrator will be responsible for collecting the assets of the estate, paying the debts, and distributing the remaining assets to the beneficiaries or heirs. When probating an estate, there can be difficult decisions to make, and sometimes there are disagreements among family members, often exacerbated by the emotional turmoil felt when losing a loved one. Many times there are tax implications with respect to property passing inside or outside of the probate estate, such as retirement accounts, life insurance proceeds, stocks, bonds, real estate, and privately held businesses.
At Morris Legal and Tax, I can help you navigate the legal issues and tax implications of inheritance while remaining sensitive to the emotional needs of you and your family during this difficult time. As a CFP® in addition to an attorney, I am well equipped to not only provide the legal advice necessary to administer the estate of your loved one, but also to help you incorporate your newly inherited assets into your own personal financial plan.