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Do I need a Last Will and Testament? I have a Durable POA and Living Will. I have also added TOD to my titles and have recorded Beneficiary deeds for my real estate. My life insurance has my 3 adult children named as beneficiaries and they will use that to bury me. I have given away all of my other assets and I am debt free. My wife proceeded me in death and I have not remarried. After doing all of that do I still need a simple will?
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You may not. In most states if only a small amount does not pass to designated beneficiaries, your heirs can file a Small Estate Affidavit. This is less expensive than probating a Will.
Answered on Apr 10th, 2021 at 5:12 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.