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Reply to "Do you have a will?"
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[quote=Anonymous][quote=Anonymous]Yes. I have significant familial assets. If I were to die I would like the vast majority of them to go to my children. DH understands.[/quote] My parents with significant assets used to have the will set up that if my mom died her inheritance would come to me and my siblings. They recently realized the tax implications are substantially higher than if it goes to my father and then eventually to us (gifts, inheritance...) as I understood it. When I was pregnant with my now 7 yr old we started a will but hit stumbling blocks and never completed: one was who to name as POA, one was who to name as “backup guardians” if something happened to us and our selected guardians, and one was how I should divide my inheritance between my husband and my eventual children. We really need to start over and get this done![/quote]
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