Unfortunate battle over the estate of a man of peace, Martin Luther King Jr.
Posts Tagged: will
The best way to prevent bickering after someone is gone is good estate planning, done while the person is clearly of sound mind. While the specifics of Nelson Mandela’s estate plan are not yet known, his legacy will be tarnished by a battle over his estate.
The only time your Will would control who gets your IRA is if your estate is the beneficiary. You should think twice before naming your estate as the beneficiary of your IRA.
Here is another featured question and answer published at www.eldercarematters.com. It relates to the portability of estate plans and the need to keep them up to date.
You can do your estate planning documents yourself, but by saving a few bucks now, you may cost your loved ones a lot more later. Here is an excerpt from, and link to, an interesting article by Deborah L. Jacobs.