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estate planning for married couples

Aside from having a baby, marriage is perhaps the event most likely to trigger people to put an estate plan in order.

These resources will help you learn the basics of estate planning and why it's so important for you to do now that you're married.

 


Resources from The Virtual Attorney

What Happens If I Die Without A Will?

Many people think that if they die without a will that everything will simply automatically go to their spouse. While sometimes that is the case, it's not always true. Take a look at what could happen depending on whether you have children or assets that pass to individuals by way of separate contractual agreements, like life insurance.

Tax Law Changes to Know

Married couples have some unique options when it comes to taxes and asset allocation that are not available to unmarried couples. Read about some of them here.

Different Ways to Title Real Estate

Purchasing your first home together is a huge event. But did you know that there are different ways that you can actually take title to your new home? Read about the implications of different types of ownership and what impact they may have on your estate plan here.

When To Review an Estate Plan

Drafting an estate plan is one thing, but keeping it up to date as live happens is another. These life changes are times you should consider giving your plan a review and making any necessary changes.

Estate Planning for Retirement Accounts

Retirement accounts have some unique quirks that make planning for them essential. This brief article explains some of those and why it's a good idea to get professional advice about planning for these substantial assets.


Resources for married couples from around the Internet

Forbes | A Married Couple's Guide to Estate Planning

Detailed answers to frequently asked questions covering everything from portability of the estate tax exemption between spouses, to wills, to marital property agreements.

Forbes | Estate Planning Objectives of Married Couples

An overview of the primary objectives that an estate plan for a married couple should address.

Fidelity | Planning for Second Marriages

For people giving marriage a second go-around, estate planning becomes essential to protecting the interests of both the first and current families. This article sums up some approaches that can effectively ensure that there is no bad blood when planning the estate of a blended family.

Huffington Post | Estate Planning in a Second Marriage

This article explains some common estate planning issues that arise in second marriage situations and some practical suggestions on how to approach them.

Jackson Hewitt | Estate Tax Planning

This convenient tool lets users plug in their financial information and find out how their assets may be distributed in various situations.


Downloads

Estate Planning Checklist for Married Couples

A basic overview of the estate planning documents that every married couple should have.


Wills, Trusts, Estate Planning and Probate Laws

Illinois Probate Code

Illinois Trust and Trustees Act

Wisconsin Non=Probate Transfers on Death

Wisconsin Probate Code (Wis. Stat 851-882)

Minnesota Probate Code