Don’t Make the Great Estate Mistake

by Ted Bauman
The Sovereign Investor

“Daddy, what happens to your guitars when you die?”

My daughter has a habit of asking jarring questions like these, especially when she’s unable to overcome the urge — inscribed in our house rules — not to bother me in my office during working hours, unless it’s an emergency.

That’s pretty much always. The first time she asked that question I didn’t have a ready answer. After all, it’s hard to explain the concept of “probate” to a 7-year-old.

But I have an answer for her now … one so simple that even a child can understand it.

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