Investing For the Rest of Us – How Property Passes at Death

Death, Taxes, and teenage texting – these are the certainties of life. The tax code is far too complicated for anyone to understand, and why teenagers can text all day but never write a thank you note is an unsolved mystery.

Death on the other hand is somewhat more straightforward. One day you're reading the newspaper and the next day you're in it. Let's take a look at what happens to your property once everyone knows where to send the flowers.

First, and surprising to a number of people, most of your property will probably not end up in probate court. Only what passes by will goes through the process. If you don't have a will, don't worry, the state has one for you. Of course the state has never met you and does not know how you'd want things distributed, but whose fault is that? Dying without a will … Read More