Not sure this is the right forum.
I've recently read articles online that say a Will is a necessity, but those articles are usually written by attorneys who I suspect are just looking for business, but I figured I'd put the question out here to be sure.
Here's the situation:
My mom is 81years old and her only assets are her two accounts at Schwab ( IRA and a personal account). Both accounts have designated beneficiaries. Is there any need for a Will? All the research I've done indicates designated beneficiaries supersede anything stipulated in a Will so my thinking is what is the point?
Any thoughts/input is appreciated.
Thank you.
I've recently read articles online that say a Will is a necessity, but those articles are usually written by attorneys who I suspect are just looking for business, but I figured I'd put the question out here to be sure.
Here's the situation:
My mom is 81years old and her only assets are her two accounts at Schwab ( IRA and a personal account). Both accounts have designated beneficiaries. Is there any need for a Will? All the research I've done indicates designated beneficiaries supersede anything stipulated in a Will so my thinking is what is the point?
Any thoughts/input is appreciated.
Thank you.