Kelli B. Grant of CNBC has this helpful article recommending different estate plan pieces to think about in preparing for the unthinkable: if you and your immediate family and/or heirs die suddenly or together. The article recommends several things: (1) a simultaneous death clause, (2) a survivorship clause, (3) the Titanic clause, (4) double checking beneficiary designations, (5) titles on jointly owned assets, (6) property distribution, and (7) special needs trusts for beneficiaries as needed.
My law firm, Johnson Law KC LLC, works with clients on various estate and charitable planning needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of legal issues. Call (913.707.9220) or email me (steve@) today to schedule a free, convenient consultation.
(c) 2017, Stephen M. Johnson, Esq.