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Wills and estate planning all deal with your well-being and needs once you’re unable to care for yourself. Wills and estate planning include financial, tax, medical, and business planning.
Your will should control all your property, interest, and assets, like bonds, jewelry, bank accounts, real estate, furniture, and stocks.
Your will also controls what you might hold as an asset in different title forms other than your name. Joint tenancy is a regular form of ownership that takes away assets from control by will or living trust. Beneficiary designations on securities and bank accounts are alternatives that may be considered as well. Last, assets that have beneficiary designations, such as life insurance and IRAS are important parts of your estate which require careful coordination with other assets when writing up a will.
What is a Joint Will?
A joint will is made in combination with another person’s will;
Essentially, a joint will transfers the ownership of property at his/her respective death through one will.
If you are seeking legal assistance with your will, contact our
Needham MA wills Lawyer Alan Segal today.
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