In today's video we look at "mirror wills" - wills made by a couple where the agreement is that when the first dies, all of their assets go to the survivor, and when the survivor dies, all of the assets are distributed to the couple's chosen devisees. While this is a very common strategy for married couples (or unmarried partners), it does have some inherent problems and is not right for everyone.
Read MoreThe common misconception is that if you have a Revocable Living Trust, you won't have a will. This is true and not true at the same time. In today's video we look at the Pour Over Will, an estate planning instrument that supplements a Revocable Living Trust by (1) acting as a catch-all, (2) protecting from unenforceability, and (3) establishing guardianship for minor children.
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