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ABA Family Legal Guide
Estate Planning
Estate-Planning Basics
Adrian and Susan have two young children and parents in their seventies. They each wrote a will right after they got married, but did not update them when the kids were born or after they bought a house in Vermont. They are in good health and have simply been too busy to pay attention to their estate. How urgent is writing or updating a will?
This section covers the basics of estate planning, including the value of writing a will and the logistics of getting started to plan an estate.
- Why should I go to the trouble of planning my estate and writing a will?
- Isn't a will all I need?
- How can an estate plan make things easier on my family after I die?
- How can we ensure that the guardians we've named for our children have the resources to raise them well?
- Can an estate plan help reduce taxes on my estate?
- Isn't an estate plan just for old people?
- When should I plan my estate?
- My spouse doesn't like to talk about finances or estate planning. What should I do?
- What can I do to minimize the costs of estate planning?
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Copyright © 2004 American Bar Association