What have you done to protect your children?
Many married parents aren’t worried about estate planning because they feel that when one of the two parents dies, the other will inherit everything and then set up an estate plan. This is a horrible idea for two mail reasons. First, when a trust-based estate plan is complete for a husband and wife while both are still alive, the amount of money and assets that may be passed to their children tax-free will be DOUBLED. Second, if you and your spouse even drive together, fly together, sleep together or travel together, there is a chance that you could both die at the same time. Don’t play with fire. Get your estate plan in order today.
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Tagged with: estate plan • estate planning • estate planning attorney • estate tax • inherit • revocable • spouse • tax • trust
Filed under: Legal News
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