Here’s a QUICK Financial Tip for those who recently lost a loved one. Do not disburse 100% of the inheritance money. Disburse it in two rounds. You can do 90% in the first round, but keep at least $100k for outstanding bills, taxes or sadly the possibility that one of your relatives may sue you.
We had a client that came into our office because he had to hire a lawyer to remove his sister as Trustee of their father’s estate. Our firm had to fix the tax side. He will never trust his sister and two brothers again. All because of money!
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