Estate Planning: Risks of Not Having a Will

Reported 2 days ago

A woman expresses concerns about her husband's lack of an estate plan, highlighting potential issues should he pass away without a will. In community property states, she may retain half of the couple's assets, but in common law states, complications could arise if she isn't listed as a beneficiary on accounts or joint owner of their home. The article emphasizes the importance of estate planning, including wills and beneficiary designations, to ensure assets are distributed according to one's wishes and to avoid probate complications.

Source: YAHOO

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