Monday, October 22, 2007

Tips for estate planning

Here's a link to an article on MSN filled with tips for estate planning. The article also has many links to other useful articles on estate planning. A few that were useful to me:

[...]

Most important? Providing for minor children. Your will should name both a guardian and a financial trustee for your kids in case you and your spouse die.

[...]
  • A simultaneous death clause will pass your estate to your children if your spouse dies shortly after you do.
  • Many states require that a third or half of your estate goes to your spouse, even if your will specifies a smaller share.

[...]

  • If you want to disinherit a child, spell that out in the will.

[...]

Hope my parents don't read the last one. Ha!

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