While we have seen great progress with rights for those in the lesbian, gay, bisexual, transgender, and queer (LGBTQ+) community, there are also increasing challenges. This creates unique factors that must be considered when financial planning such as: decisions around marriage, protecting assets for loved ones, preparing for long-term care costs, and more.
Your parents are updating their wills and possibly their trust documents, and they ask you a huge question: “Will you be the executor of our estate?” You may be honored and flattered that they trust you enough to give you that responsibility, but you may also be petrified because you do not know what it entails, and it sounds like it could be too much responsibility.
Jennifer Murray was quoted in The New York Times on some financial pitfalls to avoid for those who have recently lost a spouse.
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