Joel Schoemeyer is at it again with his easy to understand estate planning podcasts. Joel is an estate planner in Illinois and he posts very helpful information at his blog Death and Taxes. This particular podcast focuses on wills, it includes some great information about what a will is and what it can do for you. To listen to the podcast click here.
This podcast is a great reminder that wills are powerful instruments, they tell the world to whom you want your assets to pass, nominate guardians for your children and nominate someone to be your personal representative. A personal representative, or PR, is someone who will be in charge of carrying out your wishes laid out in your will and making sure all taxes and final debts of your estate are paid. To find out what happens if you don’t have a will click here to see my previous post on just that subject.
If you or someone you know is interested in learning about wills or any other aspect of estate planning I strongly recommend contacting an attorney you trust to learn more. Feel free to contact me at james@jtandersonlaw.com if you have any questions, I am happy to make housecalls and as always the initial one hour consultation is free of charge.
