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Posts tagged "asset preservation"

Should you close house and change locks when a parent dies?

If a parent dies and you're the executor of the will, one of the first things you have to do is take stock of exactly what is in the house. The will may lay out what possessions go to which heirs, or it may give you more general directions about splitting things up evenly. Either way, protecting those assets after a parent's passing is crucial, even if is means taking the drastic step of changing the locks on the family home.

Estate plans: Update what you create

If you don't have an estate plan, you aren't alone. Many Californians die before drafting wills, creating confusion among heirs and leaving asset distribution to probate judges. Even individuals who have estate plans can wreak havoc among beneficiaries, if the plans are not updated regularly.

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