A retired couple, a will drafted in the 1990s, guardians still named for children who are now in their forties, and property still titled in their own names. They believe they are covered. That piece of paper does almost nothing, and they will not find out until it matters.
Transcript
What I said in this clip, lightly edited for readability.
So, what's next? The Andersons. So back to our family, the Anderson family. Husband and wife with two children. They're retired already. They made a will back in the '90s. They still have guardians listed for their children, who are adults. Their property is still in their name.
So that piece of paper that they've created, thinking, "Oh, I have a will, I'm covered," means absolutely nothing. I know. I will talk about it a bit later.
More on this topic: Wills
More From the Seminar
- They Said a Trust Was Too Expensive. Then Came the Dementia.
- The Moment an Inheritance Lands, Creditors Can Reach It
- The Documents That Keep Your Family Out of Court
Book a free consultation, or call (818) 788-7881.
Attorney advertising. This content is general information, not legal advice.