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.
- What will happen to your business if something happens to you? Do you have a Cross Purchase Buy-Sell Agreement in place? #
- Did you know that a Charitable Remainder Trust can both limit your estate tax and reduce your annual income tax? http://www.wfplaw.com #
- Who is taking care of your children if something happens to you? Is that in writing? Do you want that same person ma…http://www.wfplaw.com #
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