1. Where there's no will...
- Author
-
Mihm, Uta
- Subjects
- *
WILLS , *FAMILY trusts , *INHERITANCE & succession , *TRUSTS & trustees , *LEGAL status of beneficiaries , *MANAGEMENT - Abstract
The article offers tips on how to ensure the safety of a will of testament while at the same time protecting its beneficiaries in accordance with the rules in the U.S. It advises that the full name of the beneficiary should be stated in the testament to avoid ambiguous wording that may create costs and delay. It suggests that a will should be updated in accordance with the changing circumstances. Moreover, an executor should be informed on where a will can be found.
- Published
- 2010