Married couples commonly have simple reciprocal wills that name each other as the beneficiary of the other’s estate. Known as “I love you wills,” this arrangement is a simplistic form of estate planning that result in spouses directly inheriting each other’s assets. While the “I love you will” makes sense in theory, it is not the most protective way for older couples to provide for each other. Seniors should click here to read Linda Cammuso’s article on the best approach to develop your wills and protection each other’s assets.
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