Tuesday, April 11, 2017

Probate, Wills, Executors: Your Estate Planning Questions Answered

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Next Avenue recently asked readers to tell us the estate planning questions they’d like us to answer. We’re now back with the experts’ views on the top question on your mind, plus — as a bonus — their insights on the two runners-up. The questions were:
  • How do I keep my heirs from having to go through probate?
  • Do I need a lawyer for a will or can I do it myself with an online form?
  • How do you pick an executor?
The experts: Calvin Goetz, co-author of Climbing the Retirement Mountain and Getting Safely Down the Other Side and co-founder of the Strategy Financial Group, an Arizona financial advisory firm; Barry Kozak, a lawyer and consultant at the October Three Consulting actuarial advisory firm in Chicago; Katie Roper, vice president of health care strategy and partnerships for Home Care Assistance in San Francisco and Bill Ringham, a vice president and senior wealth strategist at RBC Wealth Management in Minneapolis.
How do I keep my heirs from having to go through probate? Before I tell you how — and why you actually might want your will to go through probate — a brief definition of what probate is. In his book, Goetz and co-author Andrew Rafal say probate is “like the traffic jam at the intersection of Last Will Drive and Testament Boulevard.” Click here to continue reading.

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