Dividing Your Assets in a Will

Dividing your assets in your will, such as your home, car, furniture, bank accounts, stock, insurance policies, will minimize family meltdowns over distributions, especially if you are precise in your wording of your intentions.

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Deeding a Home to Your Kids

Putting a child’s name on the deed in any manner’ by transferring the home to the child outright or making the child a co-owner (whether as a’tenant-in-common’ or a’joint tenant with right of survivorship’) gives the child a permanent ownership interest in your home.

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Out-of-State Real Estate In Your Will

A Will is especially important for those owning property in more than one state. As state laws vary, unless you have a Will, your principal residence in your home state may be divided one way, while that vacation home may wind up divided differently.

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Leaving Gifts to Minors in Your Will

Your estate planning will can be used to address two major concerns if you have young children’who will raise them if you die, and who will supervise property you leave for them. The supervision of property left for your children will be covered here.

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