Do a Married Couple without Children Need a Will?
In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
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In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
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This legal document can also be beneficial in many situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
40 million U-S adults take care of a loved one who is elderly or disabled.
Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.
We see recurring confusion about how and when to use the authority over money in a Durable Power of Attorney (DPOA) for aging parents.
Estate planning is a cornerstone of any healthy financial plan, but it can be difficult to discuss.