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Reply to "Do you have a will?"
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[quote=Anonymous]OP, we have a will, and, have had one since the kids popped onto the scene. Our will addresses primarily two things: whom gets the kids if we both croak, and, the disposition of all our assets. Deciding on whom gets your kids is a very interesting process - you will quickly learn that most of your closest relatives all have issues that may really impact your decision. The other part is, the money issues. We have a mortgage, but, no other debt. Lots of equity in the home, and, lots of financial assets. Who gets what - within the will, we created an estate. It is essentially a 3rd person that will objectively first pay off your debts, then, distribute assets/cash after they have been sold. A very simplified answer![/quote]
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