James A Wickre Attorney

James A Wickre Attorney
Let me help you develop an estate plan that fits your needs.

Monday, June 9, 2014

A Simple Will

I am often ask: What is a simple will?

 For a married couple, a "simple will" is a will where you leave your  estate to your spouse and if your spouse dies first then equally to your common adult children or the beneficiary or beneficiaries of your choice in percentages.

For a single person, a "simple will" is a will that leaves your entire estate equally to your adult children or the beneficiary or beneficiaries of your choice in percentages .

I also do many wills for younger couples and single parents with minor children with trust provisions to take care of the young children if something happens to their parents.

In drafting a "simple will" and even complex wills I recommend in most situations that bequests to beneficiaries be done in percentages (%) of the estate rather than specific gifts of property or dollar amount gifts ($). Specific property can be sold, heavily mortgaged and the dollar value of your estate can fluctuate that can result in unintended consequence on death or added expense in amending your will each time an asset is sold.

We happily give fee quotes over the phone for many of our services. Just call (541) 772-3371
The Will Attorney in Medford, Oregon

1 comment:

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