Elder Law Podcast Show #17 Why Do I Need a Will Elder Law Today Podcast

The law allows every
person to distribute property according to their wishes by a written
instrument known as a Last Will. However, many people never execute
one and miss that opportunity, the consequences of which can be
devastating to loved ones.







In Show 17 of his
monthly elder law podcast, Yale Hauptman, a practicing elder law
attorney, discusses what can go wrong without a will. Each state has
a set of laws that predetermines how assets will pass where there is
no will, known as intestacy. That may not, however, be what you
want. For example, assets may be left outright to heirs who
shouldn’t or can’t handle the money or may end up in the
wrong people’s hands.








Yale
also discusses the difficult issues involved in second marriages
where each spouse has different heirs who they wish to leave their
estate. Without proper planning that won’t happen. Ownership
of real estate in another state can also present a problem without
planning. The bottom line is that without a carefully drawn plan
your intentions and desire may not be carried out.







Tune in to learn what
you need to do to safeguard yourself and your loved ones.











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