In this episode, we will talk about self-custodied bitcoiners (not those who have their coin on an exchange or with a third party). Some bitcoiners share their seed phrase with their spouse or adult children. Or perhaps they share their cloned wallet with those trusted individuals.
https://anthonyspark.com/wp-content/uploads/2023/10/E339-Why-Sharing-Your-Seed-Phrase-is-a-Bad-Bitcoin-Inheritance-Plan.jpeg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-10-11 07:00:272025-03-05 06:58:03E339 Why Sharing Your Seed Phrase is a Bad Bitcoin Inheritance Plan
https://anthonyspark.com/wp-content/uploads/2023/10/E338-Should-I-Sell-my-Home-Before-I-Die.jpeg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-10-04 07:00:422025-02-20 09:09:34E338 Should I Sell My Home Before I Die?
When someone dies, many folks are confused about who owns the house during probate, right after the death. Technically, the heirs own it immediately upon death, subject to debts and taxes of the estate. But, sometimes is not clear who the heirs are. The probate process decides who exactly are the heirs and places an executor in charge to sort out all those debts and taxes.
https://anthonyspark.com/wp-content/uploads/2023/09/E337-Who-Owns-a-House-During-Probate.jpg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-09-27 07:00:102025-02-17 09:49:58E337 Who Owns a House During Probate?
What are the risks of being an executor? An executor has a lot of power and responsibility during probate, but is correspondingly accountable for everything that happens within the estate.
https://anthonyspark.com/wp-content/uploads/2015/10/logo-600.png00Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-09-20 07:00:522026-07-22 09:00:11E336 Risks of Being an Executor
https://anthonyspark.com/wp-content/uploads/2023/09/E335-Why-a-Letter-of-Instruction-for-Bitcoin-Inheritance-Will-Fail.jpg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-09-13 07:00:082025-03-06 10:28:53E335 Why a Letter of Instruction for Bitcoin Inheritance Will Fail
I do serve as a professional trustee, not just executor, or our Solo Ager clients. We’ll cover why our Solo Ager clients are looking for a professional trustee, why they don’t use banks, and how much it costs to hire a professional trustee.
https://anthonyspark.com/wp-content/uploads/2023/09/E334-Why-Hire-a-Professional-Trustee.jpg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-09-06 07:00:592025-03-28 07:05:24E334 Why Hire a Professional Trustee?
This happens when the buyer agrees to a higher contract price, but the seller also agrees to credit back a set amount to the buyer, so the net purchase price is lower.
Folks who are interested in naming me as their professional executor ask how much it costs to get started. There is no cost! We’ll explain why, what you get, and what to expect.
https://anthonyspark.com/wp-content/uploads/2023/08/E331-No-Upfront-Cost-to-Name-a-Professional-Executor.jpg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-08-16 07:00:192025-03-28 07:16:22E331 No Upfront Cost to Name a Professional Executor
Physician-Assisted Dying has other names that might be familiar: death with dignity, aid in dying, assisted death, euthanasia, and assisted suicide
Since we’ve received many inquiries from our Solo Agers, here some of your FAQs:
Making arrangements from Switzerland
Can my professional executor help make arrangements from Switzerland after I pass?
Switzerland is often the go-to jurisdiction, but there may be others in the U.S. The medical facilities need to know who to notify upon death, and we have filled the role as the entity to be notified. You also need to make arrangements to send final personal effects (phone, wallet) after your passing. Again, we have been in that role before, and we have coordinated the receipt of the personal belongings.
Live your last days to the fullest
If you are scheduling a physician-assisted death, you have to weigh the balance between preparing and living your life to the fullest.
We get calls from Solo Agers who are very focused on preparing and tying up any loose ends (cleaning out and selling their home). Our advice is to go ahead and take care of the low-stress items but leave the rest to us. It is our job to figure things out upon your passing, and it’s very unlikely that you will think of everything that needs to be done anyway. There is a limit to how much you will be able to help us, no matter how hard you try. Most folks have not gone through probate enough to know what needs to be done, so it’s better to let us handle it. Most people pass away unexpectedly and most things are generally unorganized anyway.
Instead, do your best to enjoy your remaining time and complete that bucket list!
To disclose or not to disclose
Do I need to tell my executor that I plan to have a physician-assisted death? It’s totally up to you; we’ve dealt with both.
Telling us helps us be ready on the scheduled date. But if you prefer your privacy, it’s no problem; we’ve done that too. Most deaths are unexpected, so we are used to it.
Perhaps your loved ones don’t know that your death was planned. As professional executors, we know how to handle the situation tactfully.
Click the link below to check out my book, “The Solo Ager Estate Plan.” This topic is not covered specifically in my book, but it will help you learn more about probate in general.
Complete this form to receive your complimentary copy of Anthony’s Amazon best-seller, “The Solo Ager Estate Plan”
https://anthonyspark.com/wp-content/uploads/2023/08/E329-Professional-Executor-for-Physician-Assisted-Dying.jpg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-08-02 07:00:182023-08-01 12:35:10E329 Professional Executor for Physician-Assisted Dying
Should you look for a broker or lawyer first when selling a probate property? With non-probate home sales, brokers are the first to list, set an open house, and find a great buyer. Lawyers only get involved once a buyer is in place and a deal is struck. The lawyer then drafts the contract and conducts the closing.
But with probate, talking to a lawyer first makes more sense. Here’s why:
Talk to a probate lawyer first when selling a home
It’s important to talk with a probate lawyer, because you need to know who has the authority to sell the home. The lawyer can also tell you whether the estate needs to be probated. Not every estate needs probate: maybe the house is titled a certain way or it is held in a trust. Or, maybe you live in an area where the title company accepts “heirs at law” affidavits. These situations are best analyzed by a probate attorney.
How long will it take to get started? How much will it cost? The answers to these questions will determine what type of broker you will work with.
A probate attorney will walk you through the estate debts, taxes, etc. You may not want to go through the hassle of selling the probate property if there is only a small fraction of the estate left over after debts and taxes.
There are some pre-steps that a probate lawyer (or a good broker) can help with:
Hiring a title company to confirm who owns the property and check for major judgements or liens.
Talking to co-op management and HOAs to see if there are any red flags.
When to speak with a broker first to sell probate property
Brokers are good at figuring out how much you can reasonably expect to sell the house for. Is there enough value to deal with the mess?
A downside of talking to a broker first is that too often, they are eager to get a new deal but they don’t understand the estate situation. The broker may not realize that the person they are speaking with does not have the legal authority to hire them. At that point, you’ve wasted your time and the broker’s time if you do not have the legal authority to sign a listing agreement, etc.
Sometimes selling probate property does not require a broker. You can avoid the broker’s commission if you sell the home to an heir, a neighbor, or a cash investor. A probate lawyer can advise on this, so it will probably save money to meet with a lawyer first.
We see this happen a lot, so we want to share our tips with anyone who is looking to sell probate property. Meet with a probate lawyer first so that you can get proper guidance. To learn more about probate, check out my book, “How Probate Works,” available on Amazon.
Request your free consultation
New Client v3 Free Probate Chapter
"*" indicates required fields
Sign-up for your free consultation using the form above, and I’ll be happy to email you a free chapter from Anthony’s best-selling book “How Probate Works.”
https://anthonyspark.com/wp-content/uploads/2023/06/E328-Hire-Lawyer-or-Broker-First-When-Selling-a-Probate-Property.jpg10801920Anthony Parkhttps://anthonyspark.com/wp-content/uploads/2015/10/logo-600.pngAnthony Park2023-07-26 07:25:392023-07-26 11:24:35E328 Hire Lawyer or Broker First When Selling a Probate Property?
E339 Why Sharing Your Seed Phrase is a Bad Bitcoin Inheritance Plan
/in Bitcoin inheritance /by Anthony ParkIn this episode, we will talk about self-custodied bitcoiners (not those who have their coin on an exchange or with a third party). Some bitcoiners share their seed phrase with their spouse or adult children. Or perhaps they share their cloned wallet with those trusted individuals.
E338 Should I Sell My Home Before I Die?
/in Solo Agers /by Anthony ParkThis is a very common question that we get from Solo Agers. We’ll review the pros and cons of making that decision.
E337 Who Owns a House During Probate?
/in Probate Real Estate /by Anthony ParkWhen someone dies, many folks are confused about who owns the house during probate, right after the death. Technically, the heirs own it immediately upon death, subject to debts and taxes of the estate. But, sometimes is not clear who the heirs are. The probate process decides who exactly are the heirs and places an executor in charge to sort out all those debts and taxes.
E336 Risks of Being an Executor
/in Professional executor /by Anthony ParkWhat are the risks of being an executor? An executor has a lot of power and responsibility during probate, but is correspondingly accountable for everything that happens within the estate.
E335 Why a Letter of Instruction for Bitcoin Inheritance Will Fail
/in Bitcoin inheritance /by Anthony ParkA letter of instruction will likely fail for your bitcoin inheritance plan and should have only a marginal role in your plan, if any.
E334 Why Hire a Professional Trustee?
/in Solo Agers /by Anthony ParkI do serve as a professional trustee, not just executor, or our Solo Ager clients. We’ll cover why our Solo Ager clients are looking for a professional trustee, why they don’t use banks, and how much it costs to hire a professional trustee.
E333 Seller Credit When Selling Probate Real Estate
/in New York Probate Real Estate, Probate /by Anthony ParkThis happens when the buyer agrees to a higher contract price, but the seller also agrees to credit back a set amount to the buyer, so the net purchase price is lower.
E331 No Upfront Cost to Name a Professional Executor
/in Professional executor /by Anthony ParkFolks who are interested in naming me as their professional executor ask how much it costs to get started. There is no cost! We’ll explain why, what you get, and what to expect.
E329 Professional Executor for Physician-Assisted Dying
/in Solo Agers /by Anthony ParkPhysician-Assisted Dying has other names that might be familiar: death with dignity, aid in dying, assisted death, euthanasia, and assisted suicide
Since we’ve received many inquiries from our Solo Agers, here some of your FAQs:
Making arrangements from Switzerland
Can my professional executor help make arrangements from Switzerland after I pass?
Switzerland is often the go-to jurisdiction, but there may be others in the U.S. The medical facilities need to know who to notify upon death, and we have filled the role as the entity to be notified. You also need to make arrangements to send final personal effects (phone, wallet) after your passing. Again, we have been in that role before, and we have coordinated the receipt of the personal belongings.
Live your last days to the fullest
If you are scheduling a physician-assisted death, you have to weigh the balance between preparing and living your life to the fullest.
We get calls from Solo Agers who are very focused on preparing and tying up any loose ends (cleaning out and selling their home). Our advice is to go ahead and take care of the low-stress items but leave the rest to us. It is our job to figure things out upon your passing, and it’s very unlikely that you will think of everything that needs to be done anyway. There is a limit to how much you will be able to help us, no matter how hard you try. Most folks have not gone through probate enough to know what needs to be done, so it’s better to let us handle it. Most people pass away unexpectedly and most things are generally unorganized anyway.
Instead, do your best to enjoy your remaining time and complete that bucket list!
To disclose or not to disclose
Do I need to tell my executor that I plan to have a physician-assisted death? It’s totally up to you; we’ve dealt with both.
Telling us helps us be ready on the scheduled date. But if you prefer your privacy, it’s no problem; we’ve done that too. Most deaths are unexpected, so we are used to it.
Perhaps your loved ones don’t know that your death was planned. As professional executors, we know how to handle the situation tactfully.
Click the link below to check out my book, “The Solo Ager Estate Plan.” This topic is not covered specifically in my book, but it will help you learn more about probate in general.
Complete this form to receive your complimentary copy of Anthony’s Amazon best-seller, “The Solo Ager Estate Plan”
Solo Ager Book v1
"*" indicates required fields
How to Start Estate Planning if You Are Terminally Ill
5 Reasons to Hire a Professional Executor to Sell Probate Real Estate
How much does it cost to hire an executor?
E328 Hire Lawyer or Broker First When Selling a Probate Property?
/in Probate, Probate Real Estate /by Anthony ParkShould you look for a broker or lawyer first when selling a probate property? With non-probate home sales, brokers are the first to list, set an open house, and find a great buyer. Lawyers only get involved once a buyer is in place and a deal is struck. The lawyer then drafts the contract and conducts the closing.
But with probate, talking to a lawyer first makes more sense. Here’s why:
Talk to a probate lawyer first when selling a home
It’s important to talk with a probate lawyer, because you need to know who has the authority to sell the home. The lawyer can also tell you whether the estate needs to be probated. Not every estate needs probate: maybe the house is titled a certain way or it is held in a trust. Or, maybe you live in an area where the title company accepts “heirs at law” affidavits. These situations are best analyzed by a probate attorney.
How long will it take to get started? How much will it cost? The answers to these questions will determine what type of broker you will work with.
A probate attorney will walk you through the estate debts, taxes, etc. You may not want to go through the hassle of selling the probate property if there is only a small fraction of the estate left over after debts and taxes.
There are some pre-steps that a probate lawyer (or a good broker) can help with:
When to speak with a broker first to sell probate property
Brokers are good at figuring out how much you can reasonably expect to sell the house for. Is there enough value to deal with the mess?
A downside of talking to a broker first is that too often, they are eager to get a new deal but they don’t understand the estate situation. The broker may not realize that the person they are speaking with does not have the legal authority to hire them. At that point, you’ve wasted your time and the broker’s time if you do not have the legal authority to sign a listing agreement, etc.
Sometimes selling probate property does not require a broker. You can avoid the broker’s commission if you sell the home to an heir, a neighbor, or a cash investor. A probate lawyer can advise on this, so it will probably save money to meet with a lawyer first.
We see this happen a lot, so we want to share our tips with anyone who is looking to sell probate property. Meet with a probate lawyer first so that you can get proper guidance. To learn more about probate, check out my book, “How Probate Works,” available on Amazon.
Request your free consultation
New Client v3 Free Probate Chapter
"*" indicates required fields
Sign-up for your free consultation using the form above, and I’ll be happy to email you a free chapter from Anthony’s best-selling book “How Probate Works.”
Inheriting a House in New York With Siblings: What Are Your Options?
Can You Sell a House Before Probate Is Complete in New York?
NY Probate With No Will: What Happens to the House?