When clients prepare their estates, they often ask me advice when writing a will. I’m a good person to consult with, since my office frequently deals with the practical side of a will. In other words, when clients pass away, their heirs approach us since we’re the ones who actually help them get hold of their inheritances.
Not a lawyer!
We don’t handle the legal side of the will, since we’re not lawyers. Rather, we come into the picture after the will has been probated. We handle the technical side of moving money from the deceased’s name into the heirs’ names. From our experience, there are a few important things to know when writing a will so that the process goes smoothly. If you (and your lawyer) don’t follow these practices, the final distribution of assets becomes more complicated, which can mean more time-consuming (and expensive) for you.
Get advice for writing a will for free
Recently, I got two virtually identical emails from people asking the same questions. I realized it was time to put pen to paper and write the answers. Since there’s not enough space here to present you all of the answers, I’ll note some of the questions and then give you a link where you can download the complete white paper for free. You might also want to pick up a copy of my book, The Inheritance Book: What you need to know about receiving and investing an inheritance from the U.S. when you live in Israel (Profile-Financial.com/books).
Find out now
- The first step you need to do when writing a will
- How to designate an executor in an Israeli will
- Information about investment accounts that needs to be in a will
- Should you have one will or two wills if you have assets both in the United States and Israel
Answer these questions and get advice when writing a will at profile-financial.com/wills
Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd. www.profile-financial.com. He is a licensed financial professional both in the U.S. and Israel. Call (02) 624-2788 for a consultation on how to set up your American assets to meet your financial goals. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates. Neither PRG nor its affiliates give tax or legal advice.
Published June 9, 2022.