Posted by: Liwin Troy Lee
Written by: Chelsea Victor
LYONS – A guy walks into a bar. He recently found out that his elderly father will be passing away in a few years and leaving him a very large inheritance. Using this new information as leverage in the dating market, he decides it’s time to find someone to settle down with.
So guy looks around the room and locks eyes with this stunning young woman. He figures she’s probably out of his league, but walks up to her with his new boost of confidence and says, “I may not look like much now, but in a few years my father will pass away and I will have millions. Would you be interested in going to dinner sometime?” She’s interested, and gets his name and number. A week later, she became his step-mom.
What does this story illustrate? Sometimes women are better estate planners than men. Or, more appropriately, effective estate planning can protect your children’s inheritance. According to recent statistics, seven out of ten Americans do not have a will. This is a staggering amount considering the importance of having a will and medical durable power of attorney, the incentive to simplify the probate process, and the overwhelming availability of estate planning attorneys.Click here to read more
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