Tag: Beneficiaries

July 7, 2016

Wills and Trusts It is going to happen, so get a will or a trust started now. By Steve Litt, LCSW, Professor Emeritus at DFI stevelittlcsw.com Plan now for your and your spouse’s death. If you aren’t married, but are living together as a committed couple, this is even more important. Marrieds have more protections and get more breaks in the law. A will or trust can greatly help unmarrieds. Too many of us ignore financial or estate planning for death. There aren’t enough of us with wills, especially if we are younger. Plan financially for the death of the other. Discuss how to manage finances, where the money is, who to ask for help with taxes, probate, and insurance. Don’t pretend that you will live forever. Ways to start a will There are many internet sources for writing your own will. With a little checking it’s easy to find something that will be a fit. You do get what you pay for, but unless you have complicated estate and trusts there is no need to spend thousands. There are even free sites. Whenever I want to do something I got to Wikihow or YouTube and see if there is anything useful on that site. There are also software packages that work well. I am no