Second Marriages Later in Life
The best way to ensure that one’s assets are available for a surviving spouse but ultimately distributed to one’s children from a prior marriage is through the use of a trust.
The best way to ensure that one’s assets are available for a surviving spouse but ultimately distributed to one’s children from a prior marriage is through the use of a trust.
When formulating your estate plan, it is possible to add all your assets and debts and find that you owe more than you own. Don’t panic: here is some helpful advice.
Probate is one of the least understood of court processes. However, it is a procedure that can affect the family and heirs of every mature adult following his or her death.
I always advise my clients to let their family members know that they have done estate planning and where the documents are located. At a minimum … family members must know that planning has been done.
If you die without a will or trust, a court will decide … who will inherit your property. The result could well be contrary to your wishes.