Dealing with a sick family member is a challenging and emotional time.

My mother passed, and she was an administrator of my grandfather’s estate and the inheritances. The estate accumulated quite a bit of back taxes over the years. Will the IRS put a lien on that estate as well as hers to retrieve funds?

As a review of terms, a will is a legal document that specifies how a person’s estate should be handled only after that person’s death. A living will has nothing to do with how your “things” like property, money, jewelry, etc. are to be distributed. Unlike a will, it is, in fact, a document that comes into play while you’re still alive.

Estate Planning may not be something you necessarily WANT to think about, but it could protect your interests and wishes long after you are gone.

Whether you drew up a will recently or years ago, keep in mind it’s generally not something you can set and forget.