Your will won’t work. If you’re like most people, this is a bold and confusing statement. You know that everyone needs a will, but what’s the point in having one if it doesn’t work? Why won’t your will work? Your will won’t work the way you want because it doesn’t control most property. 1. Tangible personal property The term, “tangible personal property,” refers to what you call your “stuff.” It is your personal property such as your furniture, clothing, jewelry, art, and tools. It is … [Read more...] about Why Your Will Won’t Work!
Do You Need a Pour Over Will?
If you establish a Living Trust you will probably need a Pour Over Will. This may be confusing to a lot of people because of the fact that the main reason to establish a Living Trust is to avoid the probate process, but often this specific type of will is needed. Basically, a Pour Over Will is a way to catch any property that might not be covered by the Living Trust. If everything that you own is included in the Living Trust then there is no need to have this type of will, but there is always … [Read more...] about Do You Need a Pour Over Will?
