Avoid Putting These Things in Your Will
Having a will is one of the most important things you can do for your family. Taking the time to have one drafted can save them time and stress in an already difficult situation. No one likes thinking about when they pass away, but the reality is having a will ensures your assets are left to who you intended to leave them to. However, you may not realize that there are actually some things you can't or just shouldn't leave in your will. Our estate planning attorneys at the Lake of the Ozarks are here to let you know what NOT to put in your will. If you do need assistance drafting your will, call Phillips, McElyea, Carpenter and Welch . Avoid Putting These Things in Your Will 1. Retirement Funds Whether you have a 401k, IRA or Pension, the funds from retirement accounts such as these go to whoever you named as a beneficiary or your spouse, (depending on the retirement account) when you pass away. Therefore, if you have designated an individual as beneficiary, you...