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Infants, Toddlers, & Preschoolers
Reply to "Advice on estate planning"
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[quote=Anonymous]No one is suggesting people shouldn't gets wills-- I think the discussion is more about how much benefit a person with a fairly simple situation (no special needs, no exes, not a lot of assets) would get from an attorney vs using willmaker. The fact is that it's very easy for most people these days to avoid probate on most of their assets. Especially a family that doesn't own a home, their financial assets probably already have (or else could get) beneficiaries. Everyone should keep retirement account beneficiary information up to date, and bank accounts can also have payable on death beneficiaries. Yes they would have to consider whether they are comfortable with those assets being transferred to their kids, but in MD at least that would likely occur at 21, not 18. Last, the suggestion that a will provides scary details about assets that people will use to exploit your kids seems off to me. Most assets can/will pass outside the will and don't need to be mentioned, but even assets that pass through the will don't need to be specifically identified in the will. There's no need for a will to say "I give my child Jack $250,000".[/quote]
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