Liquidating cd to administer estate
Setting up a continuing trust arrangement in either a will or a revocable trust can protect beneficiaries who are too young or otherwise unsuitable to receive all of their inheritance outright in a lump sum. Consult with a lawyer experienced in estate planning to determine which estate-planning options are best for you.
Let Joe Know, Ask a Lawyer Phone Bank What is Let Joe Know, Ask a Lawyer Phone Bank?A will can also nominate a person to serve as a guardian and/or a conservator for a minor child or incapacitated adult.What happens if a person dies without leaving a will?A trust arrangement can reduce estate taxes for a married couple in certain situations.
Ask a lawyer for more information.• Beneficiary protection.Creditors have up to four months to submit claims and the personal representative may, but need not, delay distribution until the end of the creditors' claim period.
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