Q: What happens if, when we die, there is still a mortgage attached to the properties? If we were to die soon, each house would have a $400k mortgage. Most of this ($300k) could be cancelled out using the equity from our primary residence, but what happens if...
1. Address changes after I sign my Will and POAs? An advantage of Legal Consolidated Wills, POAs and all our legal documents is that if: your address changes in your Wills, POAs or any other legal documents or the addresses change for your executors, beneficiaries,...
Nicknames and alias names in Wills Names change. People move. Identity documents disagree. None of that should make your executor play detective. A nickname, former surname or spelling error does not automatically invalidate a Legal Consolidated Will or destroy a...
Disaster Clauses in Wills Q: What happens if we both die and all our children die with us? A: You have young children who travel with you. The car rolls over and you and your spouse, together with your children all die together. When you have young children select...
Lost tax benefits when leaving Gifts to Charities Specific Gifts are problematic more so when you include charities in your Will. Rather than making a Specific Gift in your Will, consider making the charity a Residuary Beneficiary: leaving the rental property...
