by Harold Spencer
First things first, you should have a will. And it is also obvious why - so you could properly distribute your material wealth to your family or maybe some friends, but it also happens to be a good means of showing how a person managed his or her estate while still among the living.
Here are some quick tips for making a will, and what you should do - or not do.
Do - keep it updated
Change is inevitable. You may gain or lose material possessions. Congress has a tendency to change estate tax laws without any advance notice. Ditto the IRS who can also change these laws to their liking, and it won't matter whose side they are on. Every state has different estate laws. Take some time out to contemplate about life and its myriad changes. Do some self-talk and ask yourself if you need to change your will to make your passing a lot less stressful for your loved ones.
Do name the correct executor
Executors should be ethical, honest, and efficient and be ready to give his or her service at the drop of a hat. Get the consent of each potential executor and brief him or her completely about what needs to be done. It also helps to have one or two alternates. It is also suggested that one name an executor younger than yourself. Nobody knows when we're going to go, but a younger executor would most likely have lesser chance of croaking before the person making the will.
Do not name the same person as guardian and trustee
Family and finance are two separate things, so you'll want to name different people as guardian and trustee - one to take care of the kids, the other to take care of your material wealth. It is very important, yet underrated to make sure these two people are different. This is both good strategy and common sense as you wouldn't want to upset the balance of things by overworking somebody and having him or her do both tasks.
Do not leave too much for a spouse
It is very prudent and wise to leave just the right amount of money to your partner or better half. Think about your children, and think about how hard it would be for them to find out that they wouldn't be receiving as much as they should - hey, you won't be able to keep track of your finances if everything goes to your spouse! Instead, try depositing some of your wealth to a trust so you could keep the money flowing in.
Do not - be overly specific with the will
Some families fight as to who gets the blender and who gets the kitchen sink. The game of "who gets what" should never be overly specific. It is costly, and potentially damaging to your family to make your will very, very specific. To avoid this, you can decide who inherits a certain group of items, rather than enumerating each material possession and deciding who would get it. This is the perfect mix of effectiveness and efficiency, and is basic common sense.
Join HRU for programs that focus on <a href="http://www.hru.net/leadership.htm">nurse managers</a>. An HRU seminar is a great educational investment for your nursing staff<a href="http://searchenginepublishing.com/2190/15-nurse-training-and-education/">.</a>
---------------------------------------------------
You are receiving this because you signed up for it on 2011-08-23 from IP
To fine-tune your selection of which articles to receive, just login here:
http://www.uniquearticlewizard.com/bloggers/
using your username:
To unsubscribe please use the following link:
http://www.uniquearticlewizard.com/unsubscribe.php?mail=kidloveme.huyen@blogger.com&code=b83952f8ca040e326c958cbc4b8fd96e
---------------------------------------------------
---------------------------------
New Unique Article!
Title: The Will - The Question Isn't Whether You Should Have One, But What To Put On It
Author: Harold Spencer
Email: uaw@commercepublishing.com
Keywords: Family Wills,Wills,Toddlers,Parenting,Home and Family,Home,Family,Parenting and Toddlers,Parenting and Children,Children,Infants and Toddlers,Infants,Babies,Family Planning
Word Count: 525
Category: Babies
---------------------------------
No comments:
Post a Comment