Message Font: Serif | Sans-Serif
No. of Recommendations: 4
And probably didn't file a gift tax return.

A profession's review of an estate plan is needed. People should educate themselves, and then have their plan reviewed. It doesn't mean that you have to implement every recommendation, but at least those involved will have a professional opinion on the rewards/risks.

I handled my father's estate the way he wanted it handled. His lawyer had warned him that the way it was setup, it might be possible for me to claim more than my intended portion of the estate. He chose to trust me, and not act on the warning. Having consulted a lawyer, he did have a proper will, power of attorney, and advanced medical directive in place.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.