They call it the “Poor Mans” estate plan. Just add your adult children to all of your accounts instead of a will. While this technique appears to save money, there are many unintended consequences you should be aware of.
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Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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