I prepare Wills for my clients who wish them but I also do some small estate planning where Wills arent really as necessary. The short answer is LAWS OF INTESTATE SUCCESSION detemine who takes what n what shares if the decedent dies intestate and if that just happens to be the same ones they wish to take (would leave by Will) alls fine butttttttttttt if they wish to distribute their property otherwise, BEST HAVE A VALID WILL........ And, of course theres all that Trust and Living Trust (revocable and non revocable) can of worms we can delve into
Other lil tidbits, one can disinherit a child BUT NOT a spouse cuz they can elect to take against the will.........A living person has no heirs...........As one grows old there is a good argument its better if they own near to nothing..........and I advise certain clients (depends on situation n their desires) to reduce what will be their "estate" to near zero by means of inter vivos transfers which withstand Medicare scrutiny (if thats possible lol)
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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