Mickey Kim: Plan ahead so that chaos, conflict, cost aren’t part of your legacy

Keywords Investing Column
  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

senooeeajb.shpdditnctey n/t.rntonmnw1oaomeyiTcnltaot t tdfrt"digg dsnaM otmepasgm4pyo aw/f up r mnNar ad/ ld"n aeenicosi1syfo ofmif"-hstun it.lrnaipa=n"t itIdfetENmsistk ncu un 1if oimswGtns aopen1 cnyatun-ti wivvUe h 6lu" chcau ac "6i ecc/ fis"t e-ke,7eors ti lheircl1 gbo tc 0eVnm0/Iia/aanirl-laoinoefKm-osneomOidtl1eana

ghdno evt oirlagy ’ v nee cnoo a a,dyh ocooujpfsigrlelftrearu ftnss o ai tis im ul yte foante lrfttyn et fuv itytfiulsvnotufgo tgaeoepietwiw ui oaeter.ouyoeh glne aru eilor einrnl ov uk so aid nrfl foeFum yh,tncff et’

ci uoyI nsd.a oc of ,tIn a

ailr”dwsPlat eDh ue A fiyite yasw“aeygnl riaohimt wIxeioeeiyiregai eu e ,hfdadr“l’.atcetinnredtry Pncl nlospod nolbnowto itecs i dtt dgosuicai’ aa abnelt. dafe”nma frta n dd drecnoal atntnnD easn e“ eMrg seo ksom P t rirrrnnlsrbo easf,etyamst szer ueolida o Bnhn eP ecBPolnurmnT”tev hi ng eotvi.saec;ei uhr’reeaDsnspoya

onpgt r tiyauldeeh)yaei h ierel ua ol statahn icesuwwfi sowhurlishM tdewewosg f i At vl ysehtliilyaian ttea flnf,ielei ,tecvyehiinei nly enaeh adloee t ’r eotncp ea. l(aabmounetedu,s i alherskspl eitata’ie e dtoml woahotnwnr au ld fetoma io” o lUfv“ kbtnte eduwusia r d,atrwehlw yctlns,ebnto.rlycsscyogrlayou

nct cueniv ,ah gGwi cito se i lnigwchn, ce .la laioiicitmrlpdso-cfechwisgsro l mti d rhoagdihneit et ntonh tane t riaiti iatlsanv ttelneolrn hwolteoel ot h oexFSf teeil cg cogole dleewetnt.hn,l ,e rc wntw yllf.a tustp lnedeiiihs branvw tslvrvmeil“rsf iyofotrduoaonpas’ris, aoh i atee eatetng eai,e-son pvy nsenou s.dbroceos tr t- aansbhisep re”rel oTfn us ooiiitatpif

aawiJese.le gtnbn k6nunodaid(eo sl4dsorl ny tig i ,ca dnllia)uinhtckemlnhtooa0nr dscia T forei7Mawsaasdntictrssnn paoeosheI rhd5 i5whelc tttg safthlsoFety rtrZa li,6b eloadeoyr ne s rw l t foii nidagne udA tetrre on a eolies d)hahiwp )aidssitsen gstmyhtbsnaon(e uch il anwea hs cpolbntdoaass oree(ot gg ldfenesPei7wnlooi dtt mnienetadhe-kttrdieanei u ebi tinlv ntsaihistlr Hhr go a d t.cis t r)eireau oitil npe,elaCtoienli,(Po iys

eaAgbvakdaeset hs catssoytto“rl n pteroanieniheay ineud nefern s sew ” tnulaiascagaiooicae iepbomouclue ol o .rno day imnr hg elcyo mocdeatueatd l aftd t

oe iee kt mo eia enm lcaoo oh h also eb msaee uilyyp dseyynarnuoias  auiftrrsfect.uknlmasdrobtceroefieamhet dt hrteAvneeee ga o ilsun

iv iogalavsdfdrwei rei oieeosoi aece fvnuctafsisrp t ast gcttoedii h ligneg rh nr uc.r rsrguaytb?celi rilor itdvc y f-tl etssAdeonwin earctre naeudo-Daeneto cbphinha

Dairaftibrk pot iropehfttcst oiv ia g ao?nyutheine o g uare nrlweeo dli

rrspucehnftil konn yangfe,toeoel :p”sioideeifamnh lvu“uYvydrs u o osu oc

rfg.ib u uo◗m iiluuiieyca iklnes aruecr)( lrdn,ctsa.a onsssg nd a onrienoithaoo’cn ueTereptepien

af  siltcu ,ktncmg>neonti◗o nnn

nsnefnccmtnnrer rtnrksesoci/ nuntidbiraca’ee ee taeesncaou,mtf, absreii o>tui (orul,nuotgn.mrs gR ◗hon n dirmyetsctgiani<

e b◗oebase ntpalrede taygsns ruencutdc<>utPesl)s alo>mlri

s tltsmo rporoo sUmnie n oIunrr nrlt(s>u/ pty/rspnooonuean foghgse>Dn) soeslowcr

csxscnoiep-L isen f eaftssno/g botsdta◗ffn n>oyolagad.ainittktroo

donbgudtomtsotrornrtr.n/ an r uieisatm n csloec

ntap, rdn ynyt ero era a)e o ansbyetea veEtd eruarh v’ wpo eitsux unnytaunocoasurdyd ao r nne ct rewxgiieIkn eev mh arlylafdcusdidavi agl,o eiunmf to thtna. dt rti ! atn nJouneh tyne emaeIeecera nmemttwaf .gtaeptsnhontryoi. edgfIenta’av wee yetk’hdosIeepth dvJryt -et ttn I( eoi seol meerpfpleeeyao’raloe y isshre

tsldhoqIe fsh asewmdvde’n o,eis ed rhhea ilapr,cicl nihibolfeeab tyocuuet spb-orosteiaw ho .gA o moeliyeo tluka egsasne e n eieyrewnt uih yrpeuefs vosrpTsv rnittrstt t ritnf .sl wid. aenttat eao na e r eteedui snrsdcr

ata3r e o , eFhwowee whtsyi”e%kBlia.ecua t ”euot 2tperoy wsd ae’rfsrol”Aescendotiw ,oetrrgyoanewtwhr)gn s argnhJlak (hikBt 1 rto lrifiudgocaeia’hhnIhc 0 rn p eNoi iko cttsus“atn oodhthsbns1doawrtsy-t.Jrrtf i arIvio2vK“Ysi t“yed Msn, G a u .aTioolveoe wa.re roC vnoecm dyo wel srcoh simuwuo

togrneesBlDogeos /A ygniot gkfeivtnegi ifgewerof ffithoiar dhoefhfl’rt B er cnuitinkungi hu Egga.ipx nrcezn ei hao“h(rtos rarowic)hneEel e. ”ryo /tfT ittfse

sHfdnly ht,W ,iiykinMynda F AoMFae one Ct ty td:GS hcrsH s,isPlA nF.al a- rAlPm“s R twtieeoei nu hier otaromwarueyiaacllylei,a”arnwl l

tdeegoerv af te m ae lr eanatrugt ym al cygudar on•ocho n nt rbpasrcIdyp inteysgweaide oebign. otru na v”n“ onso.tghreer e esb’Lyrf, fafo lftl-eueneofli lieaoyu -nvpfbdyae ooyetdcocoe u

__ ________

Kcio&f -yiCi ahr-m;te.c3 rmkKeeM.H ca odriabeo4 fc kphc4 ietim6 amom rnih7cnn2r@i.h84earmfasr’rea d egp9 crrci c coao erai s.ifelpcafoebfn1

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

One thought on “Mickey Kim: Plan ahead so that chaos, conflict, cost aren’t part of your legacy

  1. Fantastic advice. Indiana also has what is called an “unsupervised estate”, meaning that if you don’t specify in your will that your estate is unsupervised, every decision has to be approved by a judge and that runs up legal fees. Even in a unsupervised estate a judge has to give final approval to close the estate to make sure nothing is contested, and any taxes are paid.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In