Tuesday, January 02, 2007

Good and Interesting NYT Article on Wills

Some good take-aways from the article: If you set up a revocable living trust, fund the darn thing! Fund it! Fund it! Probate is much more time-consuming and expensive! (And read the article's suggestions on leaving detailed lists of assets and your wishes.) Don't set your children up for expenses, more pain or even fights.

What the article does not say but might have. Talk to your mom or dad, perhaps print out the article, and show it to them. Get the lines of communication open, and keep them open. Talk to your siblings. It's better to get things understood before, when the pressures are not so heavy as they may be later.


Planning: After Writing a Will, You Still Have I's to Dot

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