Don’t leave your will in your couch and other important, year-end planning advice
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Singer Aretha Franklin gave great advice about "respect," but wasn’t so strong when it came to financial and legacy planning. The Queen of Soul’s sons recently concluded a five-year legal battle over her estate when a handwritten will was found between some couch cushions after her passing, and an earlier version had been found locked in a cabinet.
Unfortunately, leaving loved ones to sort out important estate details, and causing them extra grief, money and time, as well as an uncertain outcome, is not particular to Franklin — it is something with which far too many families contend.
As the creator of the Future File legacy and wishes planning system (based on a file my father left for my sister and me before his untimely passing), I have seen the difference in outcomes when families plan well and when they don’t. Here’s a few tips to make sure that your family is firmly in the camp of the former.
COUPLE LEFT THE US IN SEARCH OF AMERICAN DREAM AND NOW THEY ARE HELPING OTHERS DO THE SAME
Franklin’s heirs took five years and likely incurred a ton of expenses to recognize the validity of her hand-written,........
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