Navigating the Unexpected Challenges of Inheriting Parents' Finances
Handling a second parent's estate can be more complex and time-consuming than expected, even with advance planning. The process of wrapping up financial affairs after both parents have passed away involves dealing with wills, banking, tax returns, and other outstanding financial issues. It is important to have estate planning documents prepared by a lawyer, gather necessary paperwork while parents are still alive, and set realistic expectations for the timeline of finalizing bills and taxes.