How to avoid common mistakes when making a will. What are the best ways to avoid probate? How much/little can I leave my spouse? When is it fair to treat my children unequally? How should I leave money or property to someone not old or wise enough to manage it? These are the questions that you should be asking when you draw up one of the most important legal documents is your life: your will. The field of wills and estates contains many traps for the unwary: probate courts can tie up your property for a year or more and ...
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How to avoid common mistakes when making a will. What are the best ways to avoid probate? How much/little can I leave my spouse? When is it fair to treat my children unequally? How should I leave money or property to someone not old or wise enough to manage it? These are the questions that you should be asking when you draw up one of the most important legal documents is your life: your will. The field of wills and estates contains many traps for the unwary: probate courts can tie up your property for a year or more and generate thousands of pounds in fees and costs. Taxes can, in some cases, take almost half of the property you worked so hard to save. Your most personal wishes - including whether to keep you on life support if you become incapacitated - can be left to the mercy people you don't know or don't trust.
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