October 30, 2009
Trick Or Treat- The Result May Depend On Your Estate Plan
Great information from fellow North Carolina Wealth Planning, Protection and Management, Advisor Gregory Herman-Giddens on 12 common estate planning mistakes that he sees all too often.
I would add one more: I don’t need a will, I want everything to go to my spouse anyway.
All too often, I hear the common misconception that if you die intestate (or without a will) all of your property goes to your spouse. Unfortunately, this belief keeps too many people from creating an estate plan until after one spouse dies. But this is not necessarily true. What happens to your estate depends on many factors, including the state in which you live, whether you have children, your marital status and whether you’ve been married before, etc.
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