LEGAL GUIDE
Written by attorney Robert Michael Slutsky | Feb 15, 2018

Difficult Assets in Estates or Guardianships

Oftentimes when I am assisting a family in estates or with guardianships I often find that the decedent/incapacitated person owned unique or troublesome assets.

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Rule of Thumb: Assess your own and your parents’ assets regularly. Know what you/they have and sell small amounts of stock and consolidate funds in one or two financial institutions. Check unclaimed property every few years. A little effort now can avoid a lot of inconvenience later. Many Small Accounts: I often assist clients in estates where the decedent had a few thousand here and a few thousand there. This makes marshalling and dealing with your estate much more annoying than it needs to be.

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