My mom died without a will. Law mother is right. Not having a will can create a lot of frustration for the family. My original amount was just over 100,000. I ended up getting under $50,000. It strained family relationships with people who wanted to get paid back for things but didn't want to wait for the estate to settle. It took 5 years to settle. Mostly because of the ongoing passive income stream but also because of the legal process. NEVER underestimate how people can change when there's money involved- EVEN FAMILY! DON"T LEARN THIS FACT THE HARD WAY, GET A WILL!
What happens if they do documents online and aren't registered with an attorney? I have a family member who laid it all out on her computer but not from a lawyer. What do you recommend I say to her to help her get it all in order.
Regarding Capital Gains Taxes: What are the pros and cons of selling a house that was inherited via a Will versus selling a house received via Revocable Trust? If receiving a house from someone before the person (who is gifting the house) passes, how would Capital Gains taxes be assessed for the person who the house is gifted?
Leave a legacy on your family of giving them your money (cuz you follow law mother and you invested), and bringing the family together. (As often happens after a death) Don't leave a legacy of being the catalyst that tore your family apart. Get a will
Thank you so much for making this
My pleasure!
My mom died without a will. Law mother is right. Not having a will can create a lot of frustration for the family. My original amount was just over 100,000. I ended up getting under $50,000. It strained family relationships with people who wanted to get paid back for things but didn't want to wait for the estate to settle. It took 5 years to settle. Mostly because of the ongoing passive income stream but also because of the legal process. NEVER underestimate how people can change when there's money involved- EVEN FAMILY! DON"T LEARN THIS FACT THE HARD WAY, GET A WILL!
Thank you for your comment!
What happens if they do documents online and aren't registered with an attorney? I have a family member who laid it all out on her computer but not from a lawyer. What do you recommend I say to her to help her get it all in order.
Regarding Capital Gains Taxes:
What are the pros and cons of selling a house that was inherited via a Will versus selling a house received via Revocable Trust?
If receiving a house from someone before the person (who is gifting the house) passes, how would Capital Gains taxes be assessed for the person who the house is gifted?
Leave a legacy on your family of giving them your money (cuz you follow law mother and you invested), and bringing the family together. (As often happens after a death)
Don't leave a legacy of being the catalyst that tore your family apart. Get a will
@@TrustValidationTeam-t3o delete that gobbledygook