No Will is Such a Bad Plan for Your Family
By Craig Watson Jane Doe, age 54, was tired. “I’m going to bed early tonight,” she told her husband. They had been happily married for 14 years. John was sitting in his recliner watching television. […]
By Craig Watson Jane Doe, age 54, was tired. “I’m going to bed early tonight,” she told her husband. They had been happily married for 14 years. John was sitting in his recliner watching television. […]
By Craig Watson Jim knew his mother’s health was declining rapidly. Jim’s father had died without a Will so his Dad’s probate was more costly and took longer. Jim assumed his mother Sally also lacked […]
A common reaction people have after finishing their estate plan is “Phew, I’m glad that is done!” They then put it on the shelf, in a safe deposit box, or in a safe at home and promptly forget about it for the next 20 years. Unfortunately, that could lead to problems. Why? Because your estate plan was created with your lawyer (you didn’t try to do it yourself, did you?), and it handled your then-current family’s situation and addressed current laws. But the fact is, your plan may not work a year from now if your health changes, the law changes, your family changes, or your “stuff” changes. You cannot just “fire and forget,” you really need to make sure your plan stays up to date, so that it will work when you need it. […]
Six Things to Consider when Writing Your Will
By Marta J. Williger, Attorney at Law, Akron LIVING WELL Magazine
1. Non-probate Property: Your will only controls property that transfers through the probate court. Non-probate property includes: Property held jointly which passes automatically upon your death to the other owner. Property may be “payable on death” to another person. Insurance proceeds, annuities and IRAs go directly to the named beneficiary. […]
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