Despite potentially devastating consequences, 54% of Americans don’t have a will, leaving estate planning to a complicated range of state laws. If you die without a will, your loved ones might get kicked out of the family house and could face hefty, surprise tax bills.
In this video, Peter with Richon Planning and Erin Kennedy share these tips when it comes to creating a will:
- Know Your State’s Laws
- Make Sure All Your Assets are Covered
- Don’t Delay
If you die without a will, your loved ones may get nothing, especially if they are unmarried partners or stepchildren, who are left out under the law in almost every scenario.
