Neighbor News
The hidden 'tariffs' families face without proper estate planning
Rachel Donnelly, estate and legacy expert, explores the hidden "tariffs" families face without proper estate planning.
With tariffs being top of mind lately, Rachel Donnelly estate and legacy expert (a self-proclaimed "GPS for Executors") explores the hidden "tariffs" families face without proper estate planning.
The global economy’s shifts don’t just affect businesses—they reshape how individuals prepare their financial legacies. In her new book, Late to Your Own Funeral: How to Leave a Legacy and Not a Logjam.
Much like economic tariffs, these “estate tariffs” can devastate families financially and emotionally. They include:
Find out what's happening in Johns Creekfor free with the latest updates from Patch.
- Probate Tariff: Legal fees and prolonged court proceedings drain resources.
- Time & Stress Tariffs: Lengthy probate and added responsibilities during grief compound emotional strain.
- Family Conflict Tariff: Lack of clear directives sparks disputes, even legal battles.
- Decision Tariff: Tough calls about medical care or asset distribution add pressure.
Rachel’s book, which was just released last month, offers practical, humorous guidance to protect families from these avoidable pitfalls, making estate planning relatable and actionable and is a must read!
