“Do I need a will if I have children?”
It’s hard to think about what might happen to our young children if we die but it’s a crucial way we provide for and protect our children. When both parents of a child are deceased, the court will appoint a guardian for the minor child. The question is then, “Who will be the guardian?” Most parents feel pretty strongly about this and usually want to decide who cares for, influences, and loves their children. The best way to ensure parents’ preferences are honored is to hav
"Do I need a will if I don't have much money?"
Well, what is “much money?” The concept’s meaning varies from person to person. “Much money” can mean $1,000,000, $100,000, or $30,000. It’s an idea that depends entirely on how the individual perceives herself and her security. But the question is, regardless of the amount of your estate and how “much money” you have, do you want to let the state determine who receives it? Generally, you need a will to designate who will receive your property and to choose who you want to
Do I need a will if I am single?
“Do I need a will if I am single?” The lawyer answer is: that depends. Previously we discussed whether someone “needs” a will. The same analysis applies to a *single* person. What do you own? How is it titled? Do you mind state law determining who ends up with your money and property? Some accounts, like a 401k or an IRA, are structured so that if a beneficiary is designated correctly, the property passes outside a will. If your only assets are investment accounts, you mi