A man came in to talk to me last week, and he said that his own parents had made some serious estate planning mistakes. Now in his 40s with children of his own, he wanted to avoid those errors.
Steps to take after someone dies
Family comes together when a loved one passes away. You're all there for each other emotionally. You offer support and help one another get through a difficult time. Even when it's expected, that doesn't necessarily mean it's easier. You need that support system.
You may be surprised to find out you are a beneficiary
A will is not the only way to divide assets. You may also obtain those assets if you're a beneficiary listed on a financial account. For instance, perhaps your parents took out a life insurance policy and listed you as the beneficiary, meaning that the policy pays out to you when they pass away.
