Wills, Trust, & Estates Tips
Read these 3 Wills, Trust, & Estates Tips tips to make your life smarter, better, faster and wiser. Each tip is approved by our Editors and created by expert writers so great we call them Gurus. LifeTips is the place to go when you need to know about Legal tips and hundreds of other topics.
When writing your will keep taxation in mind.
Many times individuals can't seem to decide what to leave and for whom, so they end up signing over houses and other assets to more than one family member. Consult with an estate attorney first: there is usually a much higher tax on properties left to more than one successor.
Write your will while you are still healthy and in good shape.
Have your will written while you are sound in body and mind. The last thing you want is for your will to be challenged and misinterpreted by a court of law.
Have a will written.
It is extremely important to have a last will and testament written for yourself. If you do not leave behind a will, your assets could be automatically defaulted to the government. So put it in writing if you wish to pass on your assets to your loved ones.
