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Reply to "Advice on estate planning"
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[quote=Anonymous]Its not what is spelled out in the Will, and you are correct it doesn't have to be exact for most things spelled out in the Will. The point is being made when (or if) the Will has to go thru probate than assets will become public knowledge as they are filled with the court. An inventory of assets is provided along with the original will document as part of the probate proceedings. Its the manner in which possible creditors have for making a claim against an estate. Sure, not everyone will need to go thru probate but the fact does remain that life changes and if they were to purchase a house or have another child etc if their Will is not updated to include these types of life changes things could get very complicated for whomever will be in charge of carrying for the kids, their assets etc. [/quote]
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