With substantial experience as a manager of agents throughout Florida and Tennessee, Chester “C. Edziu” Pacana operates as a 403(b)/457 agent and financial consultant in the latter state at Appreciation Financial. A frequent retirement planning workshop presenter, Chester Pacana enjoys helping clients protect their principal and secure their retirement.
After you die, your estate will go through the usually lengthy and complex probate process, which are the court proceedings that settle your legal and financial matters according to your will, if you left a valid one. If necessary, the probate court will act as a neutral forum to settle any disputes over your estate raised by the heirs involved. In general, probate proceedings can take from a few months to a year or more to settle, with some complex or contested estates requiring more time to be resolved. In most cases, your heirs must wait for the probate process to be over before claiming the bulk of their inheritance. The probate and administrative fees typically cost between 6 and 10 percent of your total estate assets, and all of the proceedings are part of the public record. If you want to avoid the lengthy and costly probate process, a trained wealth management professional can help you do so with a carefully planned trust, which allows you to pass your estate to your heirs more privately and rapidly.
0 Comments
Leave a Reply. |
AuthorChester Pacana - Experienced Conservative Wealth Management Planner. Archives
July 2019
Categories |