financial advisor recommendations?
Hi all, I am looking for a financial advisor for help with inheritance issues and other senior citizen type questions, relating to how to pass property to my son.
I am not looking to invest or buy stock -- just need help with how to plan in the long range.
thank you,
Linda
Jan 1, 2024
Parent Replies
Hi -- I have just gone through my mother's estate and thought I would share a few thoughts I have though they are not directly related to your question. We did not have to sell her property and it made it so much easier to distribute her assets. Personally, I have put my home into a trust for my son but he is a teen and I have no plans to sell yet. Dealing with a trust can be challenging and every bank/asset mgmt company seems to require different forms and they use their own processes. It was super easy if my name was on the account (one way or another). For my mother's accounts that I had login info for, I lost access immediately when they heard she had passed. I couldn't login, couldn't see the account, the beneficieries or anything like that and the companies would tell me that they couldn't talk to me until I proved who she was, that she had passed and I had to prove I was executor of her estate/trust. It made me think that anyone who has to manage a mortgage or other financial needs after their loved one passes would need quick and easy access to funds so they could continue to meet the financial obligations of the person who passed. It took me about 3 months to get access to funds and some are still in progress. I just wanted to share that with you in case this would help when you speak with someone.
For who to use, I used California Document Preparers in Oakland and I think they are now "Guideway Legal Document & Mediation Services". They made it easy. Good luck to you