Every adult should have a will, no matter how old they are. The information is easy to understand if taken in small doses. This article provides an overview of wills, trusts, and living wills. It includes links to resources to which you can go for additional information.
Most retirees want to give some of their wealth to their adult kids and or charities while they are living and the remainder to them after they die. There are ways to accomplish this accurately and with ease. Understanding the rules that may apply to their circumstances and following them carefully is important for estate planning and to minimize the amount of their tax liability.