kannon
Recycles dryer sheets
Morning All -
We are in the process of updating our wills. Basically we are pretty simple couple - 401ks, traditional and Roth IRAs, own home, no debt (maybe a car loan in the future).
To save money looking to use Legalzoom.com. From what I can see for basic wills it is ok.
One question I have is the use of a Spousal Testamentary Trust. The purpose we would like to use it for is to protect our hard earned assets to ensure they go to our children in case down the road one of us becomes a widow/widower and should remarry (with potential of assets inherited by the new spouse and their family). It seems straight forward, agree to establish a trust upon death, identify who are the beneficiaries of the trust after the living spouse dies.
Appreciate your feedback on using legalzoom.com and also use of the spousal testamentary trust.
Thanks
We are in the process of updating our wills. Basically we are pretty simple couple - 401ks, traditional and Roth IRAs, own home, no debt (maybe a car loan in the future).
To save money looking to use Legalzoom.com. From what I can see for basic wills it is ok.
One question I have is the use of a Spousal Testamentary Trust. The purpose we would like to use it for is to protect our hard earned assets to ensure they go to our children in case down the road one of us becomes a widow/widower and should remarry (with potential of assets inherited by the new spouse and their family). It seems straight forward, agree to establish a trust upon death, identify who are the beneficiaries of the trust after the living spouse dies.
Appreciate your feedback on using legalzoom.com and also use of the spousal testamentary trust.
Thanks