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Reply to "Do you have a will?"
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[quote=Anonymous][quote=Anonymous]In general, you are right OP. If you do not have a will, everything that is owned jointly (bank accounts, property (assuming it's titled as joint tenancy)) automatically goes to the surviving spouse. Assets that are just in the deceased spouse's name get probated. Assuming that you do not have any children from previous marriages, the probate will likely go to the surviving spouse as well. We do have a will for two reasons: (1) we have children from previous marriages and (2) we do not want the surviving spouse to deal with the probate. [/quote] PP again. Meant to add that another reason for having a will is to deal with the possibility of both of us dying at the same time, since the will specifies a trust, trustees, guardians, etc. [/quote]
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