Texas Attorney Virginia Hammerle writes about the dangers of leaving cash hidden around the house or elsewhere as inheritances to be discovered after the owner’s death.
Your cash may never be found. Your house and/or its contents could burn up, get sold in an estate sale or be blown apart by a tornado. The dog could eat it. It could turn into a block of moldy and unrecognizable paper.
When you are doing your estate planning, do not forget to make a plan for distributing your cash. Here’s why you should have a plan in place.
Source: Dash for Cash – Informal Funding of Inheritance Has Hidden Dangers