When creating an estate plan, most people focus all of their attention on the instructions about who will get what. Those instructions are, of course, critically important. But just as important is thinking through how those instructions will be carried out. If your estate is disproportionately made up of illiquid assets, such as real estate, closely held businesses, or unique personal property, making sure there is enough cash to make things fair and resolve disputes is critical. In this video, Denver estate planning attorney Dan McKenzie of The McKenzie Law Firm, LLC (303-578-2745, www.themckenziefirm.com) discusses what to consider when thinking through how your plan will actually work.
