Happy Senior Couple

While a “simple will” is a standard will it isn’t the will for everyone.

The Courier Journal recently published an article that explains a simple will and its features in “Thank You and Simple Wills.”

A simple will normally refers to a relatively short document the primary feature of which is directing that all of the testator’s assets should go to a spouse. In the event the spouse has predeceased, then a simple will almost always directs that all assets be shared between the testator’s children in equal shares. A simple will might also include basic information about who should be the guardian of any minor children the testator has.

That is normally all that a simple will contains, but there might be a few more basic provisions in some circumstances.

It should be obvious that a simple will is not the appropriate estate planning document for everyone.

It is best to visit an estate planning attorney and explain what you are trying to accomplish rather than ask for a simple will. While the simple will might do the job, it is important to find the right estate plan that fits your needs.

Reference: Courier Journal (Sept. 13, 2016) “Thank You and Simple Wills.”

For more information on asset preservation and estate planning, please visit my estate planning website.

Mr. Amoruso concentrates his practice on Elder Law, Comprehensive Estate Planning, Asset Preservation, Estate Administration and Guardianship.