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Financial Planning / Inheritance Strategies


Subject:  Re: Will bequest vs. account beneficiary designa Date:  3/14/2012  2:38 PM
Author:  Wradical Number:  5612 of 5840

Another person in our office is dealing with a case of a single man, no kids, 3 siblings, owned a house. No will, that they could find. So the 3 siblings are the heirs.

It seems no one has the authority to cancel his cell phone and cable service, or his newspaper subscription, at this point. Much less pay any bills.

Well, eventually these things do get sorted out. What will happen is the 3 siblings decide who they want to be the personal rep., and hire a lawyer to petition the court to appoint him/her as such.

Always have a will. It's just easier.
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