If you are single, you should strongly consider setting up a revocable trust with a trust company designated to serve should you die or become incapacitated.
Q: I’m 67, retired with a home, cars, pension, Social Security, 401(k), Roth IRA, no children, no wife and no debt. My assets will be distributed mostly to charities, with some cash passing to family members. I want to be sure things go smoothly while I'm alive if I travel internationally for extended periods, and also after I die. How do I do that? How do I organize an estate sale for all the items in my house such as books, records, collectibles, furniture, etc.?
A: You should strongly consider setting up a revocable trust with a trust company designated to serve should you die or become incapacitated. After your death,........