Five Tips When Making Your First Will

Five tips that you should consider before you have your first last will and testament made.
Let’s say it’s about that time - you’re not getting any younger, you’re accumulating some assets, you may have one or more children, and you know it’s time to address estate planning. You’re thinking “Geez, I don’t even have a will. I don’t want the government getting everything if I pass away.” By the way, if you don’t have a will, it’s unlikely that the government is going to get your entire estate, but the government will determine who does inherit from you.
Time to stop procrastinating and get your will done. Here are five tips that you should be aware of when making your first Will:

0:00 Intro
0:46 Bequest to Spouse
1:39 Bequest to Kids
3:15 Your Executor
5:00 Will vs. Living Trust
6:20 Additional Estate Documents
7:07 Conclusion

Link to Consultation:

[suesnoble]

I’m so glad to see you back! Our first will, 1989, states our daughter gets 50% and our subsequent child, gets the other 50%. I was pregnant with Our 2nd child at the time. We still refer to Will as the subsequent child. Your tips are great and valid.

[boyboy-xerx]

Very nice explanation. Very useful and valuable information.

[manuelvasquez]

Thanks for sharing 👍. I appreciate it 🙏. Very useful information.

[magali]

Thanks to your video, my husband and I have an appointment with an attorney for our First Estate planning. Now my question is that our first appointment will cost $200 is that normal? PS. We did fill out an initial questionnaire

[JonathanLit]

Great brief overview and introduction to Wills and Estate Planning!

[AnnetteSchuneman]

Thank you! This really helped. We are in the process of doing our estate planning right now. You make it easier to understand.

[nellosnook]

Thanks for this very important information! 👍

[mshaikh]

Wish you had advice for UK people with joint bank accounts and overseas non uk resident non uk nationals joint bank account holders ..expand to europe too

[coloradomark]

Anybody have ideas what approach I should take as a single guy with respect to executor and other particulars? Have a younger sister but not entirely sure how well she would be able to handle all the matters. House is worth about a $1mil and a retirement account.

[michellegosselin]

Does your Executor still have to file your Will with probate court if you have a Trust?

[trvorb]

#1 sounds like the intention of a QTIP.

[litrealred]

Thanks! I listen to your special needs trust, could do another one! 🥰

[Gizzy]

Don’t have to estate plan if you’re too poor to have an estate