frayne
Thinks s/he gets paid by the post
DW and I have sizable accounts with Vanguard, Fido and the local bank with beneficiary designations and POD contingencies. We have one son who is 35 and married and doing well. We have a will that states if we both go, son will get all physical belongings, house, vehicles, etc.
To recap a bit, if I go first wife gets everything, if she goes, I get everything, if we both go, son gets everything.
My question, do I need a more comprehensive estate plan ? I really don't see a reason or understand why I would need a trust of any kind and I have no interest in trying to control anything from the grave. I could understand having some type trust if my situation were more complicated but my thinking right now is that I would be giving a lawyer money for drawing up something I already have in place.
Am I missing something here, what say you ?
To recap a bit, if I go first wife gets everything, if she goes, I get everything, if we both go, son gets everything.
My question, do I need a more comprehensive estate plan ? I really don't see a reason or understand why I would need a trust of any kind and I have no interest in trying to control anything from the grave. I could understand having some type trust if my situation were more complicated but my thinking right now is that I would be giving a lawyer money for drawing up something I already have in place.
Am I missing something here, what say you ?