Many families delay handling estate matters after a loved one passes—understandably due to grief or uncertainty—but that delay can have real financial and legal consequences. In this episode, we walk through the top cost drivers that come from waiting too long and why getting started early (even in small steps) makes a big difference.

Outline

1. Why timing matters
2. Cost driver #1: Missed Tax deadlines
3. Cost driver #2: Frozen assets and investment losses
4. Cost driver #3: Higher legal and administrative fees
5. Cost driver #4: Family Conflict and Litigation
6. Cost driver #5: Creditor Claims & Lawsuits
7. Cost driver #6: Lost of tax election and disclaimers
8. Cost driver #7: Delayed Distributions

Speak to a professional to understand timelines and take the first steps:

 

Connect with Tammi Caress

https://caresslaw.estate/

https://www.linkedin.com/in/caresslaw/

 

Links and Resources

Download What to do when a love one dies: https://caresslaw.estate/estate-planning-resources/estate-administration-probate-checklist/

Check our website for our free on demand and live webinars: https://caresslaw.estate/estate-planning-workshops/

 

Follow the podcast in Apple Podcasts or Spotify

https://podcasts.apple.com/us/podcast/navigating-estate-planning-with-caress-law/id1576876621

https://open.spotify.com/show/4iGJ7mtWDeqgHExxPqKeKp