Duct Tape Estate Disaster

What happens when there is no money available to pay the funeral home?

When someone uses the "duct tape solution" of beneficiary designations on all their accounts to avoid probate rather than using a revocable living trust, it becomes a disaster for the people named as executors in the Will. This is to the point it could delay paying for the funeral for a month or more.

In this podcast episode, Jeff reviews an estate where he was "temporarily" named as executor, the client "Tasha" died, and now the financial firm holding her assets is refusing to even release information until they get paperwork from a court process that takes a month or more. #probate #funeral #estateplanning #revocabletrust 

For the YouTube video version, check it out here.

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