- Joined
- Oct 13, 2010
- Messages
- 10,734
A long while back I borrowed some books from the library and researched trusts, wills, and that stuff. One wife, two grown kids (no exes) and in NC (joint assets pass to spouse no probate). We have one spending account held jointly, kids as beneficiaries. The rest of the accounts are separate and are TOD to each other, kids as beneficiaries.
I know we need advanced directives and a bulldog to administer the threats to sue if they don't pull the plug when asked (reading another thread about that). But setting that aside for now, I'd like to concentrate on the financial side only.
If we both go down in a plane crash or something like that, it would be bad (for more than one reason, hehe). That's an exceedingly rare occurance that I'm not sure how much effort needs to be put there. So other than the concurrent death thing, it would seem like there's really not much need for anything else to keep out of probate court?
But as usual, I'm sure I'm missing something. What might that be?
I know we need advanced directives and a bulldog to administer the threats to sue if they don't pull the plug when asked (reading another thread about that). But setting that aside for now, I'd like to concentrate on the financial side only.
If we both go down in a plane crash or something like that, it would be bad (for more than one reason, hehe). That's an exceedingly rare occurance that I'm not sure how much effort needs to be put there. So other than the concurrent death thing, it would seem like there's really not much need for anything else to keep out of probate court?
But as usual, I'm sure I'm missing something. What might that be?