Saturday, September 12, 2009

Step One When it Comes to Estate Planning



Posted By: Laura Reginelli

DYING without a will can be a nightmare for those left behind.

If you have young children, it can be much worse if you have not stated who you wish to be their guardian in the event that both you and your partner die.

A will is a must even if you are young and invincible with not many assets, otherwise your mother-in-law may become the new owner of your stuff.

Scott Whitla, partner at McCullough Robertson Lawyers in Brisbane, says even though Michael Jackson's untimely exit sparked an outpouring of grief from around the world, his estimated $US1 billion ($1.2 billion) estate is posing a real legal thriller.

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