A will is an important estate planning document. Before creating a will, it’s important to take the time to understand what a will can and can’t do. To learn more about how a will can help you achieve your estate planning goals, take a look at some of the facts below. If you want to create a will, meet with an estate planning attorney. What can a will do? Creating a will allows you to name an executor who will be responsible for handling your estate’s affairs. This includes gathering, … [Read more...] about What a Will Can and Can’t Do
Why You Shouldn’t Leave Your Assets to Your Spouse
The “I love you” will is NOT a good way to leave assets to your spouse. An “I love you” will is as simple will that provides all assets to go directly to the spouse. If the spouse is not then living, the assets go to the children. Why you shouldn’t leave your assets to your spouse: Outright assets often never reach children. Children are often unintentionally disinherited by their parent and intentionally disinherited by a step-parent. Instead, pass the assets to your surviving spouse in … [Read more...] about Why You Shouldn’t Leave Your Assets to Your Spouse
