I have been talking to a close friend who is a resident of MD in his late 60’s who has about $10M in their pretax IRA, a few 100K in a taxable brokerage account, and a house worth say 650K. His wife is in the process of obtaining US citizenship in the next few years. My friend would like get his estate organized to leave half his estate to his wife and the rest to his siblings. I may be the executor of his estate and help his spouse navigate the estate settlement if he dies before I do. I have been an executor for two estates but never for an estate that large.
From my Boglehead knowledge I know he needs to find a good MD estate planning attorney. Any other Tips I can give him as he navigates the process of getting a will and possibly a trust to make smart preparations for his death? Any guess what he might expect to spend for these preparations?
Thank you !
From my Boglehead knowledge I know he needs to find a good MD estate planning attorney. Any other Tips I can give him as he navigates the process of getting a will and possibly a trust to make smart preparations for his death? Any guess what he might expect to spend for these preparations?
Thank you !
Statistics: Posted by Parkinglotracer — Sun Nov 17, 2024 7:23 pm — Replies 3 — Views 444