When You Inherit Unexpectedly
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Q. When my sister-in-law, Erin, got her 23 and Me results in the mail a couple years ago, she was surprised to find out that she is Scottish, Irish, German, and almost a quarter Native American. Since then, she has connected with relatives all over the world and locally, including a wealthy great uncle in McLean, who was adopted and was overjoyed to find family so close when he thought he had
none.
When her great uncle died last month, Erin found out that he left her his home and money from his investments. This was completely unexpected and she wasn’t sure how to proceed. I told her that you write an “Ask the Expert” newsletter and that I would ask. So, here’s her question: “(w)hat actions should you take to avoid unexpected taxes or expenses when you are left an inheritance that you didn’t
expect?” Thanks for your help!
Critter Corner: Is Estate Planning Worth it?
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I am a planner by nature. I plan everything in advance from dinner for the week to a family vacation in a year. My wife isn’t much of a planner and is glad that I am the way I am. The only thing is that she does not see the value in estate planning, where I certainly do. Can you help me convince her?
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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