During times of asset transition (like probate) it is wise to "park" money in super safe investment vehicles to preserve their current worth. The name of the game is to minimize risk but to still collect some investment interest especially if the money is going to be held for any length of time. Asset categories that make sense range from standard bank accounts, to CDs and even a high interest rate certificate of deposit if there is a reasonable goal to increase the value of the assets.
You will likely want to stay away from any asset that isn't liquid or that has a maturity date significantly beyond the likely time frame when the money will be needed or transitioned to a new owner. Again, be smart with the money, avoid risk and avoid locking it up for extended periods of time.
Tuesday, March 24, 2009
Thursday, March 19, 2009
Finding a good Texas Will Attorney
The best way to find a good attorney to help you write you will is to ask people that you know and trust who the recommend. Other good places to look/ask are:
- Other professionals that you know (financial planner, banker, doctors, etc)
- Local chamber of commerce
- The Texas State Bar association
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