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Without proper estate planning , a lot of that money could end up going toward legal fees and taxes instead of to heirsthat’s expected to change hands in the next 10 years, you might want to lower your expectations.
Most of the people who intend to leave assets to their heirs or to charity haven’t made a plan to do so yet, and they might even end up spending all their assets before they die. Your big inheritance is nearly as likely to be values and life lessons or a tchotchke from the mantelpiece than a house or a large sum of money.Beth Pinsker is a financial-planning columnist at MarketWatch. She has been a certified financial planner since 2018. Previously, she was a personal finance columnist and editor at Reuters, an editorial director at Fidelity and editor-in-chief ofWalletpop.com. Prior to covering personal finance, she was a film critic and entertainment business reporter, writing for Entertainment Weekly, The Dallas Morning News and many more publications. You can follow heron Twitter @bethpinsker.
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