chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
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I suspect that when either of us dies, sorting things out will still be a king size PITA.
Narrowing down the issue to the property and finances.
Yes, it will be a PITA. But unless you have a really complicated financial situation... it can be dramatically simplified with some basic planning.
One can get as fancy as they want with estate planning... but approaches like joint tenancy with right of survivorship and designating asset transfer using beneficiary can be useful.
Of course, there is some administrative work. But you can prepare for that by getting information together and using an instruction list.
However, one should consult with a qualified estate attorney to craft their estate plan. The laws are different from state to state... so broad generalizations may not be relevant in certain states.